Global Capital and the Nation State

Global Capital and the Nation State

May 21, 2013 5:42 pm
Congress exempts itself from a number of laws that apply to the private sector and the executive branch. (Saul Loeb/AFP/Getty Images) by Robert Reich As global capital becomes...

Author Archive

Working Mother’s Day

by Robert Reich My mother went into paid work soon after my father’s clothing store was flooded out in a hurricane, almost wiping him out. She had no choice. We needed the money. This was some two decades before a tidal wave of wives and mothers went into paid work. For the few with four-year [...]

Sexual Assaults and Nuclear Missiles: What’s the Matter With the Military?

by Robert Reich After years of repeated reports of sexual assaults — and years of promises to prevent them, and then years of studies and commissions to find the best way of doing so — a Defense Department study released Tuesday estimates that some 26,000 people in the military were sexually assaulted in the last fiscal year, up [...]

The Hollowing Out of Government

by Robert Reich The West, Texas chemical and fertilizer plant where at least 15 were killed and more than 200 injured a few weeks ago hadn’t been fully inspected by the Occupational Safety and Health Administration since 1985. (A partial inspection in 2011 had resulted in $5,250 in fines.) OSHA and its state partners have [...]

The Fed, Apple and Trickle-Down Economics

by Robert Reich The Fed’s policy of keeping interest rates near zero is another form of trickle-down economics.  For evidence, look no further than Apple’s decision to borrow a whopping $17 billion and turn it over to its investors in the form of dividends and stock buy-backs. Apple is already sitting on $145 billion. But with interest [...]

Public Debt and Economic Growth

by Robert Reich In the election of 1952 my father voted for Dwight Eisenhower. When I asked him why he explained that “FDR’s debt” was still burdening the economy — and that I and my children and my grandchildren would be paying it down for as long as we lived.  I was only six years [...]

Earth to Washington: Repeal the Sequester

by Robert Reich Economic forecasters exist to make astrologers look good. Most had forecast growth of at least 3 percent (on an annualized basis) in the first quarter. But we learned this morning (in the Commerce Department’s report) it grew only 2.5 percent. That’s better than the 2 percent growth last year and the slowdown at the [...]