Forget China – it’s America’s own economic system that’s broken | Robert Reich

US weakness is inbuilt – the big 500 companies owe loyalty only to themselves and the public is shut out from prosperityXi Jinping might possibly agree next weekend on further steps to bring down China’s trade imbalance with the US, giving Donald Trump…

Read more

Elizabeth Warren’s economic nationalism vision shows there’s a better way | Robert Reich

Why do Americans think the sole choice is hardline economic nationalism or unfettered free trade? As we’re now witnessing, Trumpian economic nationalism is a zero-sum game in which the industries of the future are dominated either by China or by the Un…

Read more

The gig is up: America’s booming economy is built on hollow promises | Robert Reich

Contract workers prop up big earners but under Trump’s anti-labor administration are ruthlessly exploited themselvesUber just filed its first quarterly report as a publicly traded company. Although it lost $1bn, investors may still do well because the …

Read more

Wall Street loves socialism for bankers, but not for ordinary people | Robert Reich

JPMorgan CEO Jamie Dimon decries socialism. Unless of course it’s the banks that need a government bailoutIn his annual letter to shareholders, distributed last week, JPMorgan Chase CEO Jamie Dimon took aim at socialism, warning it would be “a disaster…

Read more

Jamie Dimon, spare us your crocodile tears about inequality | Robert Reich

If the CEO of JP Morgan really cared about American workers, he would put an end to corporate executives like him rigging the systemIf I may be so bold as to try to lure your attention away from Trump and Mueller for a moment, consider Jamie Dimon’s la…

Read more

The shutdown has exposed Trumponomics for what it is: a disaster | Robert Reich

When the president is proud to close government and proud to slash taxes for the rich, American workers get shaftedOne of the least talked-about consequences of the partial shutdown of the US government – courtesy of Donald “I’m proud to shut down the …

Read more

The US is on the edge of the economic precipice – and Trump may push it over | Robert Reich

Government shutdowns hurt millions. Great depressions hurt even more. History suggests real pain is round the cornerOn Friday, Donald Trump said: “We are totally prepared for a very long shutdown.” It was one of his rare uses of the pronoun “we” instea…

Read more