ROBERT B. REICH, Chancellor’s Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the twentieth century. He has written thirteen books, including the best sellers “Aftershock" and “The Work of Nations." His latest, "Beyond Outrage," is now out in paperback. He is also a founding editor of the American Prospect magazine and chairman of Common Cause. His new film, "Inequality for All," is now available on Netflix, iTunes, DVD, and On Demand.

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COLBERT REPORT, NOVEMBER, 2013

WITH BILL MOYERS, SEPT. 2013

DAILY SHOW, SEPTEMBER 2013, PART 1

DAILY SHOW, SEPTEMBER 2013, PART 2

DEMOCRACY NOW, SEPTEMBER 2013

INTELLIGENCE SQUARED DEBATES, SEPTEMBER 2012

DAILY SHOW, APRIL 2012, PART 1

DAILY SHOW, APRIL 2012, PART 2

COLBERT REPORT, OCTOBER, 2010

WITH CONAN OBRIEN, JANUARY, 2010

DEBATING RON PAUL, JANUARY, 2010

  • Capitalist Tools (Continued)


    Tuesday, May 28, 2013

    Unable or unwilling to respond to my argument that large global corporations are now playing nations off against one another in a race to the bottom over taxes, subsidies, and regulations – and that large nations (and national groups like the European Union) should gain countervailing bargaining power by conditioning access to their markets on responsible corporate behavior – Forbes chooses instead to distort what I originally wrote.

    Its columnist seeks to calculate the so-called “consumer surplus” from the sale of Apple goods in the U.S. — ignoring any social costs inherent in tax avoidance and the tax-avoidance industry that’s grown up around it, including the incentives generated by Apple for every other major global firm to decide for itself how much tax it is going to pay in the U.S. and elsewhere — and then concludes that “Professor Reich’s argument is that we should wipe out, by banning the sale of Apple’s goods in the US, that $1 trillion of consumer surplus in order to overcome that social harm of the $10 billion not paid in tax.”

    Reductio ad absurdum.







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