Rob Reich "Aftershock: The Next Economy and America's Future" Part 1 of 4

In this brilliant reading of the economic crisis and how we should deal with its aftermath, Robert B. Reich suggests the cause of the 2008 meltdown was not Wall Street. The real culprit is structural: it lies in the increasing concentration of income and wealth at the top - and a middle class that had to go deeply into debt to maintain a decent standard of living. Reich's assessment of what must be done to ensure that prosperity is widely shared heralds a necessary and long-overdue transformation.

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[drshlotzkin]

the spiel @ 14:00 WAS BECAUSE THE FED INCREASED THE MONEY SUPPLY THEN DELIBERATELY DEFLATED IT. I wish this lying shack of shit would go into some fucking detail.

[drshlotzkin]

Look at these data points, its not fair… We need more and more government to make things even.

America is the land of Opportunity NOT FUCKING ENTITLEMENTS!

I dont care what other countries tax their corporations or citizens, I dont give a FUCK... so fuck off and leave the country if you dont like it.

[drshlotzkin]

This guy wouldnt last a second in the real world. He'd be a sloppy drunk homeless bum if he had to compete in the real world. Riding on WRONG old ideology is just wrong and he should be ashamed of himself.

Well all these things broad generalizations happened and I’m going to try and correlate them to completely unrelated issues! This fucking asshole looking at the macro and trying to come to broad conclusions, so FUCKING disingenuous!

[drshlotzkin]

brilliant ? really? brilliant ?

This world is FUCKED.

[karmaweburn]

Karl Marx was a genious, also, but still no one listens and there is entirely too much greed in the world.

[karmaweburn]

The man is brilliant! He speaks of the Reagan economics that put the rich on a pedastool and made middle class so much smaller. I can remember the 80's and the wealth/ poverty gap was not as bad as it is now. Shame on you Reagan.

[Sarpedon4]

reyter2007, I think that's interesting that 1) Karl Marx demonstrated that as a mathematical fact and 2) I would not have heard that if not for Rob Reich. :)

[reyter2007]

I have only got through 9 minutes of this so far but I must say, it is very annoying. Here we have some modern "intellectual" talking about how wages have declined and workers are working longer as though it was supposed to surprise people..... Well look genius, Karl Marx demonstrated in Das Kapital (among other books) this happening is a mathematical fact. If capitalist survives, this must happen!