Robert Reich on the ideas in his new book, "Aftershock". The economic recession we are in is a structural problem rooted in an economy where wealth is as unequal as any time since in the great depression. That inequality leaves us susceptible to political extreme-ism unless we fix it.
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munchkin!1
@MrJoser2ro
How sad to know that you may just be right. Because you ARE right, we already know how it all ends.
No hope for a better future for our kids, nothing but serfdom in their futures, a shorter life expectancy than their parents, no chance for a better tomorrow. The American dream is dead.
I like Robert Reich, I don't really know why, but I do like him. This is old news and Robert is way behind the curve on this one. The title is not even original. I have a book with the exact same title. When I checked out this video I thought it was going to be Robert Reich talking about the other book with the same title. No Gold Star on this one. Sorry.
@kysmik it is called supply and demand in a free , capitalist society it is survival of the fittest , if your friend was doing a good job , i guarantee his boss wouldnt have replaced him , and at anyrate it is called capitalism , anything to make a buck , if you should see fault it should be on the greedy boss.......the illegal is only filling a demand for cheap labor ,illegal immigration is wrong for everyone , even the immigrant , but as long as greed is more than law , it is what it is....
@kysmik I think your assumtions about the US in the future could well be spot on,China fears no one they are a super power and they dont respect international tecnology rights it doesn'tmatter what come in the future china can produce it cheaper and tecnologhy has made this possible .After that and the Mexican invation parts of America will been lost that is a dead sert America will shrink and the face of America will change colour
China can out punch America injust about verything they have the people without the workers rights issues.
OOpsie!! He said "Progressive"!!
I read AFTERSHOCK, the First book, not Reich's, how can he steal that title??
Democracy is two wolves and a sheep voting on what to have for lunch.
Typical liberal wordsmith. It's not because they're "immigrants." It's because they are here ILLEGALLY!
If you really want the TRUTH about our imploding economy try listening to Gonzalo Lira, Tom Woods, Peter Schiff, Gerald Celente, Max Keiser, Jim Rogers, Ron Paul etc. not the money printing scumbags who have created the mess we're in by promising more and more entitlements to more and more people to buy more and more votes.
Aftershock is an excellent book ... I wish Reich had written this as more of a political plan for the Democrats ... this is the first realistic world view from the middle/left that I have ever seen, and something like this plan is exactly what is needed. We just need enough people to hear it and understand it. Brilliant book, brilliant man.
@jacobkornbluthdotcom The only "real Idea" is to follow the example of Calvin Coolage and CUT GOVERNMENT SPENDING. No one brings this up, not left or right. No one wants to give up his vote buying slush fund. One party is tax and spend, the other is borrow and spend. In India they catch monkeys by putting garbanzo beans into a pot with a hole just big enough to slip the hand into. With a handful of beans the hand no longer fits and the monkey is captured. Like monkeys our leaders won't let go.
@sk8raz2k1
Well, you'll get no argument there but I wont hold my breath waiting.
@kysmik The govt needs to address holding employers accountable, they turn a blind eye because big business likes cheap labor.
@EFISHANT wow. agree.as of right now i am a rep. wait till next elections ima do a 360. dem. all day
@tacticalfairy wow. agree. america............were we make you rich then robb you blind..........gotta love economics.its a shame.ima start a bank and name it "MAGIC SHOW"were you can watch my money grow, and yours disappear. i need a co- founder.wanna join?.....................lol
Maggot!
What a Genius! He can state problems after they occur! Wow! he must have been in politics! Yeah thats it, a politician now trying to sell books....how original....This man is a walking talking maggot, a leach on the ass of Real Americans.
Sorry... too mild; the problem is systemic at the monetary level, and tweaking isn't going to do anything of import.
Middle class incomes were on the rise until about 1968 when they satrted to slide! They started to plummet in 1983!
Wall Street and corporate CEO's did this to America! How many Bankers and CEO's do ya think are Democrats?
Wake up working class people! The Republicans are not your friends!
@jacobkornbluthdotcom Well said.
The "structural problem" today stands on two legs. The first leg is that we believe that bigger is better. It is not. Stop the mergers.
The second problem is shortsighted greed, and the need to pander to shareholders to the exclusion of everything else. You can make it cheaper in China or India? Good idea! We have forgotten that great companies are built on three pillars: the shareholders, the employees and the customers. Damage one, and the building collapses -- and it will!
Is man made to serve the economy or is the economy a creation of man which is to serve man? IMHO - If an economic theory proves to be a burden to the majority of people it is designed to serve, then it had best be discarded and replaced with a new economic theory that has been proven to work for the majority. What nations have the highest standards of living and what is their economic system? It must be a theory that works! Right?
@kysmik I hear you dude though the conservatives didn't do much better the infamous when they were in power. They kiss the ass of big business who want cheap labor and at the same time employ half ass measures targeting illegals in other words they talk out of both ends of their mouth. Democrats are no better because they because they kiss illegal minorities asses for potential voting power. What is happening is that both political parties are exploiting illegals for their own agenda.
Only by releaseing anitgravity techloigies as personal craft . and then floating citys. shall turn the tide back to america the great . and noting less will do