What is so sad about this video and the sentiments in much of the comments is that both Mr. Reich and the comments are correct about corporate greed and declining wages, but what they fail (or refuse) to understand is this is because of the government. Who writes the regulations? Who has the lobbying power? Who goes to the same cocktail parties as the politicians? The fat cats! As long as the government has influence to sell, it will sell it. Shrink it, and you shrink the fat cats.
No, you're quite wrong. It's the very absence of government that's the problem. It's automation that has ended most higher paying jobs in this country, contrary to what idiots in the press focus on. The very value of most human labor is diminishing, as the gains from automation go primarily to the owners and management of the capital. A wage subsidy would be the right solution.
The war on the middle class began in the 1970's with the passage of right-to-work laws that were nothing but the negation of collection bargaining rights.
@zyodei Liberals like Reich and true radicals are the only ones pointing out all these injustices by the superrich. The Ralph Naders. The ballot reformers. The list goes on.
But of course you never HEAR from all these liberal groups who have fought these injustices for DECADES
because they get silenced by the conservative MSM.
I didn't hear one point supported by evidence... conjecture this, dogma that, "I'm a snooty professor!" this. I don't care who you are or where you came from, support your claims with evidence.
I think the belief that 'we' can wrest control of the govt from the super-rich by increasing its taxing/regulating power is questionable, at best. The super-rich can afford to bypass the laws the rest of us will be subject to, just like they do now.
the number of americans in the middle class, has dropped a lot, and the wages have not caught up with the inflation that is what is wrong, with our economy, and the gas companies do not pay no taxes, and the rich use loop holes to get tax breaks they do not need, and healthcare cost has more then doubled, and we have less unions, it is good for big rich people but not america as a hole
Its not broke, but all the manufacturing jobs have left to currency manipulating nations like China. Its a myth that the free market exists. As George Soros says, the believe in the market having perfect knowledge is a fundamentalist ideology that is simply delusional and plain wrong.
@Seano71 First, the fact that we have a central bank, that sets interest rates and creates fiat currency, means that our currency is manipulated too. Second, you are correct that a free ( of government intervention) market does not exist. I know this is not what you meant but it is still reality. Three, you misrepresent the position of free market fundamentalists, that the market has "perfect knowledge". The actual position of free marketers, is that NOONE has "perfect knowledge".
@ekeyra Exactly, the market doesn't have PERFECT knowledge but the knowledge it posseses and the decision it makes are better than the governments decision.
@Seano71 No one says markets have perfect knowledge, except maybe the sliver of economists who subscribe to the efficient markets hypothesis. At least take the five minutes to look into what your opponents are actually saying. Otherwise you sound like an idiot.
@Seano71 No one has EVER said that the market has PERFECT KNOWLEDGE. That's nothing more than a straw-man. What's said is that the market has the BEST knowledge and the BEST means to supply the masses with whatever the demand is. And it's yet to be disproved.
@TheManiacalSatanist6 It's being disproved all around global. One big global financial catastrophe is being played out right under your nose. Or perhaps the old Satanist in you likes all the mayhem....? (An Agnostic)
THE PROBLEM IS YOUR SITTING ON YOUR ASS'S AND NOT IN THE STREETS WITH TORCHS. YOUR ALL A BUNCH OF ROBOT RETARDS... GET IN LINE BITCHS
pmtuff3 2 weeks ago
What is so sad about this video and the sentiments in much of the comments is that both Mr. Reich and the comments are correct about corporate greed and declining wages, but what they fail (or refuse) to understand is this is because of the government. Who writes the regulations? Who has the lobbying power? Who goes to the same cocktail parties as the politicians? The fat cats! As long as the government has influence to sell, it will sell it. Shrink it, and you shrink the fat cats.
jerryvalez 1 month ago
@jerryvalez
No, you're quite wrong. It's the very absence of government that's the problem. It's automation that has ended most higher paying jobs in this country, contrary to what idiots in the press focus on. The very value of most human labor is diminishing, as the gains from automation go primarily to the owners and management of the capital. A wage subsidy would be the right solution.
AntiSchiff 1 month ago
@jerryvalez Lobbys have to go. We can have democracy or we can have lobbys but we cant have both.
HedgehogRebellion 3 weeks ago
The war on the middle class began in the 1970's with the passage of right-to-work laws that were nothing but the negation of collection bargaining rights.
w9j15g 2 months ago
As an Xbox live veteran, I hate teabaggers.
clintonfindlay123 3 months ago
If you still require evidence you are a republicon
ThePythoncharly 4 months ago
Peter schiff just needs a white cowboy hat like Reagan, Bush, and Perry, and the american people will fall in behind him.
TheForwardGaze 4 months ago
The problem liberals like Reich miss is that the ultra-rich use their political influence for far, far more than tax cuts.
The rich are involved in the game of rent-seeking through government anti-competitive intervention in the market.
They are much more concerned about losing the unfair advantages they receive than their tax rate.
zyodei 6 months ago
@zyodei Liberals like Reich and true radicals are the only ones pointing out all these injustices by the superrich. The Ralph Naders. The ballot reformers. The list goes on.
But of course you never HEAR from all these liberal groups who have fought these injustices for DECADES
because they get silenced by the conservative MSM.
mphello 5 months ago
@zyodei You hit the nail on the head!
cooljj82 1 week ago
I didn't hear one point supported by evidence... conjecture this, dogma that, "I'm a snooty professor!" this. I don't care who you are or where you came from, support your claims with evidence.
aseacucumber07 7 months ago
@aseacucumber07
Well, look up the evidence then. I have it in some of my other uploads.
AntiSchiff 7 months ago
@AntiSchiff Trying to get more views, eh?!? Just kidding, I'll go watch them, haha.
aseacucumber07 7 months ago
@AntiSchiff
I did not hear any dogma, or I'm a snooty professor. Just an intelligent analysis of the demise of the middle class in America.
cole10gabe7 7 months ago
@aseacucumber07 Have you been living in a cave for the last 20 years? He is citing common sense.
thorntonclowe 2 months ago
Hold on kids,,, Its a race to the global bottom in wages:)
keith92234hotmail 8 months ago
I think the belief that 'we' can wrest control of the govt from the super-rich by increasing its taxing/regulating power is questionable, at best. The super-rich can afford to bypass the laws the rest of us will be subject to, just like they do now.
rsimpson69 8 months ago
the number of americans in the middle class, has dropped a lot, and the wages have not caught up with the inflation that is what is wrong, with our economy, and the gas companies do not pay no taxes, and the rich use loop holes to get tax breaks they do not need, and healthcare cost has more then doubled, and we have less unions, it is good for big rich people but not america as a hole
whedonfreak976 9 months ago
Its not broke, but all the manufacturing jobs have left to currency manipulating nations like China. Its a myth that the free market exists. As George Soros says, the believe in the market having perfect knowledge is a fundamentalist ideology that is simply delusional and plain wrong.
Seano71 10 months ago
@Seano71 First, the fact that we have a central bank, that sets interest rates and creates fiat currency, means that our currency is manipulated too. Second, you are correct that a free ( of government intervention) market does not exist. I know this is not what you meant but it is still reality. Three, you misrepresent the position of free market fundamentalists, that the market has "perfect knowledge". The actual position of free marketers, is that NOONE has "perfect knowledge".
ekeyra 8 months ago
@ekeyra Exactly, the market doesn't have PERFECT knowledge but the knowledge it posseses and the decision it makes are better than the governments decision.
Andsormida01 4 months ago
@Andsormida01 The market would enslave you if it weren't for laws. Don't be naive.
thorntonclowe 2 months ago
@Seano71 No one says markets have perfect knowledge, except maybe the sliver of economists who subscribe to the efficient markets hypothesis. At least take the five minutes to look into what your opponents are actually saying. Otherwise you sound like an idiot.
tewj57 8 months ago
@Seano71 No one has EVER said that the market has PERFECT KNOWLEDGE. That's nothing more than a straw-man. What's said is that the market has the BEST knowledge and the BEST means to supply the masses with whatever the demand is. And it's yet to be disproved.
TheManiacalSatanist6 6 months ago
@TheManiacalSatanist6 It's being disproved all around global. One big global financial catastrophe is being played out right under your nose. Or perhaps the old Satanist in you likes all the mayhem....? (An Agnostic)
headgirlblues 4 months ago