Why So Many Americans Feel So Powerless – ROBERT REICH

A security guard recently told me he didn’t know how much he’d be earning from week to week because his firm kept changing his schedule and his pay. “They just don’t care,” he said. A traveler I met in the Dallas Fort-Worth Airport last week said she’d been there eight hours but the airline responsible for her trip wouldn’t help …

money vs people

The Big Chill: How Big Money Is Buying Off Criticism of Big Money

Not long ago I was asked to speak to a religious congregation about widening inequality. Shortly before I began, the head of thecongregation asked that I not advocate raising taxes on the wealthy. He said he didn’t want to antagonize certain wealthycongregants on whose generosity the congregation depended. I had a similar exchange last year with the president of a …

iEverything

The “iEverything” and the Redistributional Imperative

It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it. At its prime in 1988, Kodak, the iconic American photography company, had 145,000 employees. In 2012, Kodak filed for bankruptcy. The same year Kodak went under, Instagram, the world’s newest photo company, had 13 employees serving 30 million customers. The …