Self-made wealthy people are disappearing – six of today's 10 wealthiest Americans are heirs to prominent fortunes after being 'born into the right family,' writes Robert Reich. What does this mean for the rest of the US?
Walgreen Co. may move its corporate headquarters to Switzerland as part of a merger with European drugstore chain Alliance Boots. But if Walgreen's becomes a Swiss corporation – and gets to pay less taxes – then Walgreen's shouldn't be able to influence US politics, writes Robert Reich.
With Hobby Lobby ruling, the Supreme Court doesn't see economic power struggle between corporations and people, writes Robert Reich. Instead, SCOTUS's ruling gives Hobby Lobby the power to deny employees' rights to contraceptive services.
Hillary Clinton's personal finances have recently become a popular topic to debate over. But why the topic has become controversial isn't about how much money Hillary Clinton and her family has – it is about the rise in wealth inequality in the US, writes Robert Reich.
Business leaders realize that their companies and capitalism are at stake, writes Robert Reich. Unless the middle class becomes stronger and more confident, businesses could face more financial trouble.
Some Republicans misinform people about poverty and the economy, writes Robert Reich. What do they say about the poor, and why are they are wrong?
Mississippi's new voter-identification law suppresses those who cannot afford the cost of a photo ID, writes Robert Reich. How is Mississippi's effort to stop voter fraud actually a step back?
As General Motors' recall saga continues, 15 GM employees have been fired and five others have been disciplined in light of an internal investigation of GM. But GM as a corporation shouldn't be legally responsible, writes Robert Reich – it should be the individuals who break the law.
Seattle's $15 minimum wage is a start to push for a realistic living wage, writes Robert Reich. Why should other US cities follow Seattle's example?
Walmart workers will go on strike across the country this week to protest for better jobs and wages. Walmart needs to listen and stop keeping low-wage workers down, writes Robert Reich.
Putting ideology aside, the practical choice isn’t between capitalism and 'welfare-state socialism,' Reich writes. It’s between a system that’s working for a few at the top, or one that’s working for just about everyone.
Timothy Geithner's latest book on the Wall Street bailout argues that the bailout worked. But it was a huge failure in some ways, writes Robert Reich.
The income gap between the top one percent and everyone else has more than tripled in less than 30 years. Why is it bad for American society, and how can Americans close the gap?
More Americans than ever believe the economy is rigged in favor of Wall Street and big business. As a result, populists on both the Democrat and Republican sides are bending toward one another and against the establishment.
Though economists have made the case that we're headed toward levels of inequality not seen since the days of the nineteenth-century robber barons, certain myths about inequality still persist. Here are the four most pervasive.
CEO pay has skyrocketed to hundreds of times that of the typical worker, which is wildly unfair but also bad for the economy. New legislation in California attempts to curb the trend by tying corporate pay to taxes.
Comcast and Time Warner's merger would allow the new company to effectively control what Americans see and hear. Teddy Roosevelt and his anti-trust allies never would have allowed it.
MInimum wage reform is gaining steam around the country, and Senate Democrats will soon introduce legislation raising it nationally to $10.10. But we need to be more ambitious. We should be raising the federal minimum wage to $15 an hour.
We can't make the reforms we need to raise wages and create new jobs because some wealthy people and big corporations have a strangle-hold on our politics. 'McCutcheon' makes that strangle-hold even tighter.
Almost limitless political donations coupled with America’s dramatically widening inequality create a vicious cycle in which the wealthy buy votes that lower their taxes, give them bailouts and subsidies, and deregulate their businesses – thereby making them even wealthier and capable of buying even more votes. Corruption breeds more corruption.