The Rebirth of Stakeholder Capitalism?

The Rebirth of Stakeholder Capitalism? by Robert Reich

Robert Reich: 27 states have passed laws allowing companies to incorporate as “benefit corporations.” This gives directors legal protection to consider the interests of all stakeholders rather than just the shareholders.

Work and Worth

Work and Worth

Robert Reich: Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

Rise of the Non-Working Rich

inherited wealth

Robert Reich: The “self-made” man or woman, the symbol of American meritocracy, is disappearing. Six of today’s ten wealthiest Americans are heirs to prominent fortunes.

Rescue The Middle Class: Save Capitalism

Saving Capitalism

Robert Reich: Business leaders know the U.S. economy can’t get out of first gear as long as wages are declining. And their own businesses can’t succeed over the long term without a buoyant and growing middle class.

3 Biggest Right-Wing Lies About Poverty

Lies About Poverty

Robert Reich: So why do so many right-wing Republicans tell these three lies? Because they make it almost impossible to focus on what the poor really need – good-paying jobs, adequate safety nets, and excellent schools.

Seattle Got It Right

Seattle Raises Minimum Wage

Robert Reich: The gains from a higher minimum wage extend beyond those who receive it. More money in the pockets of low-wage workers means more sales, especially in the locales they live in – which in turn creates faster growth and more jobs.

Freedom Summer II

Freedom Summer

Robert Reich: Although Walmart is no Bull Connor, it’s the poster child for keeping low-wage workers down. America’s largest employer, with 1.4 million workers, refuses to provide most of them with an income they can live on.

How the Right Wing Is Killing Women

Women Dying in Childbirth

Robert Reich: For every 100,000 births in America last year, 18.5 women died. That’s compared to 8.2 women who died during pregnancy and birth in Canada, 6.1 in Britain, and only 2.4 in Iceland.

Raise Minimum Wage to $15 an Hour?

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Robert Reich: At a time in our history when 95 percent of all economic gains are going to the top 1 percent, raising the minimum wage to $15 an hour isn’t just smart economics and good politics. It’s also the morally right thing to do.

The True Price of Great Holiday Deals

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Robert Reich: Americans are getting great deals online, and they like the convenience. But there’s a hidden price. With the growth of online retailing, fewer Americans will have jobs in bricks-and-mortar retail stores.

What Walmart Could Learn from Henry Ford

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Robert Reich: Walmart is so huge that a wage boost at Walmart would ripple through the entire economy, putting more money in the pockets of low-wage workers. This would help boost the entire economy — including Walmart’s own sales.

Having the Backbone to Set Minimum Standards for Health Insurance

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Robert Reich: But spineless Democrats (including my old boss Bill Clinton) are caving in to the Republican-fueled outrage that the President “misled” Americans into thinking they could keep their old lousy policies — and are now urging the White House to forget the new standards and let people keep what they had before.

Why Do Republicans Hate Their Own Healthcare Approach?

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Robert Reich: Had Democrats stuck to the original Democratic vision and built comprehensive health insurance on Social Security and Medicare, it would have been cheaper, simpler, and more widely accepted by the public. And Republicans would be hollering anyway.

How the Right Won Another Round

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onservative Republicans have lost their fight over the shutdown and debt ceiling, and they probably won’t get major spending cuts in upcoming negotiations over the budget. But they’re winning the big one: How the nation understands our biggest domestic problem. They say the biggest problem is the size of government and the budget deficit. In [...]

What to Expect During the Cease-Fire

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Robert Reich: Our real economic problem continues to be a dearth of good jobs along with widening inequality. Cutting the budget deficit may make both worse, by reducing total demand for goods and services and eliminating programs that lower-income Americans depend on.

Republicans Not Budging

Government Shutdown 350px

Robert Reich: At a closed-door meeting this morning after deciding they’ll stick to their plan to alter the Affordable Care Act and risk a government default.

Syria and John Kerry’s Fatal Flaw

john kerry

Robert Reich: Kerry is an intelligent man, but he has a fatal flaw. He craves the limelight. He wants to be in the center of the action and attention.

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