Mark Naison: The last time we had an extended period of profits rising while wages stagnated was the 1920’s – many historians view this as the most significant underlying cause of the Great Depression.
Robert Reich: Any day now, the Obama administration will announce $4.35 billion in extra federal funds for under-performing public schools. That’s fine, but relative to the financial squeeze all the nation’s public schools now face it’s a cruel joke.
by Robert Reich — Our preoccupation with the immediate crisis of financial capital is causing us to overlook the bigger crisis in America’s human capital. While we commit hundreds of billions of taxpayer dollars to Wall Street, we’re slashing our outlays for public education.