Corporations Are Not People

buy elections

Steve Hochstadt: The problem with treating corporations as people for the purpose of political speech is that it provides another opportunity for rich and powerful corporate executives to magnify their speech with money which belongs to others.

Thoughts on Tax Day 2012

mitt thurston howell iii romney

Robert Reich: I worry about the well-financed big lies that the very rich are the nation’s “job creators,” that the benefits from tax cuts on the rich “trickle down” to everyone else.

The Big Lie

death panels

Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.

Why We Are Moving Toward a Recessionary Era

Robert Reich: The biggest ongoing threats are chronic recession or even deflation, because consumers don’t have enough money to what the economy is capable of selling at full or near-full employment. Despite gains in productivity, little has trickled down to America’s middle class.

Putting the Brakes on the Corporate Model

Toyota rough seas

Ron Wolff: How ironic (and unfortunate) it is that Toyota’s massive current crisis was caused, by its own admission, by a switch from the traditional Japanese model of high quality to the Western desire for growth and profit.

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