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.

The Next U.S. War Should Target Poverty

Obama Targets Poverty

Randy Shaw: On issue after issue—education, housing, health care, transportation, student debt—the American people are being shortchanged because Beltway wisdom says that the U.S. cannot “afford” solutions.

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.

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.

Unfettered Capitalism Leads to Corruption

Unfettered Capitalism Leads to Corruption

Charles Hayes: At its best, capitalism dramatically improves lives; at its worst, unchecked greed ravages the environment, oppresses individuals, and destroys culture. Capitalism is analogous to radiation. Used carefully, it can produce miraculous results, while overuse kills.

Tim Geithner’s Pillow Book

Tim Geithner

RJ Eskow: It’s not that Tim Geithner is venal, or evil, or corrupt. The problem is that he is deeply embedded in a social group whose worldview is insulated from the very experiences and viewpoints that could have enriched and improved Geithner’s public service immeasurably.

Better Than Redistributing Income

Redistributing Income

Richard Wolff: Bringing democratic decision-making into the core organization of enterprises provides the best chance for a less unequal initial distribution of income than is now common in most societies.

Too Much Talk About Taxes

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Steve Hochstadt: Our conversations about government all seem to revolve around whether the tax rate is high or low, or who should pay more or less. We need to talk more about what we want government to do.

Did Washington Rescue the Wrong Economy?

Tim Geithner Is Wrong

Richard Eskow: Borrower relief has an even greater stimulus effect than originally thought — if it is targeted towards non-wealthy homeowners. Wealthier homeowners are less likely to spend money when offered debt relief.

Progressives Taught Us What Not to Do

Reversing Inequality

David Huyssen: Progressives never realized the full potential of the regulatory state to lessen inequality because they were too busy trying to change the behavior of the working class through educational reform, racist moral crusades in low-income neighborhoods, and empathy-building exercises.

What Housing Recovery?

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Peter Dreier: Dealing with this problem on a city-by-city basis may not be the most efficient way to confront a national crisis, but in the face of Wall Street intransigence and federal indifference, cities have had to find their own way to restore the lost wealth of their constituents.

Enacting Guaranteed Income for Life

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Charles Hayes: People whose internalization of the business model is such that they believe Capitalism to be the solution to every problem under the sun now make me cringe. Low wages, high unemployment, and low taxes are good for business, but not so much for working people. The business model of efficiency is well suited to business, but not to families when there are not enough jobs that pay a living wage.

The Psychic Pain Borne by the Rich

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Jim Hightower: One thing about the tea party Republicans in Congress is that they do know who butters their biscuits. Several have recently rushed forward with an anguished plea in defense of Wall Street barons, CEOs, and billionaires: “Stop the vilification of wealthy people,” is their cry.

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.

American Wealth Inequality

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Charles Hayes: Corporations have bought the right to employ people permanently in lifetime jobs at serf wages, with government subsidies, and they are able to deflect criticism by shouting clichés and platitudes about freedom.

Payday Loans: How All Those ‘Theories’ Really Work

payday loans

Steve Hochstadt: Add it all up. Republican legislators try to prevent the government from protecting citizens from payday vultures, use payday money to tilt elections so they can eviscerate any possible regulations, while making it more difficult for the poor and minorities to vote.

Stressed: What Are They Trying To Tell Us?

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Danny Schechter: Despite all the “regulations” in the Dodd Frank Financial “reform” and the Volcker Rule and The Fed’s “oversight:’ the banks seem to have free reign to do what they will despite the financial crisis, and the pathetic “recovery.”

Madoff’s Billionaires: The Fear and the Fury

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Richard “RJ” Eskow: There’s more than fear at work among these billionaires. There’s rage, too. These are people who are unaccustomed to hearing “no.” And many of them got where they are because they possess an overwhelming and insatiable drive for more.

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