Comments | the_recession: Robert Reich on who's losing most in the 'recovery'

nebris in the_recession

Robert Reich on who's losing most in the 'recovery'

Jul 05, 2010 18:31

by Gaius Publius on 7/05/2010 04:25:00 PM

At this point, it's not news that all the intellectually honest economists are mouthing the DD-word - the phrase "double-dip" has passed a lot of speculative lips lately.

So it's no surprise that Robert Reich is in that group, and to his credit, has been for some time. Here's his latest ( ( Read more... )

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Comments 3

Win cieldumort July 6 2010, 05:26:19 UTC

Team Change-You-Can-Really-Believe-In

poetpaladin July 6 2010, 15:36:41 UTC

Well, this is globalization for ya. Capitalists look for the lowest labor costs and fight to lock in the highest profits (Congressional lobbying).

And of course it doesn't help that 1/3rd of American high school students drop out.

underlankers July 6 2010, 16:07:54 UTC

This just confirms my view of the ironic ending to the Cold War: Soviet Communism created the seeds of its own destruction in a large, urban middle class that no longer liked the autocratic system and was in truth ungrateful wretches the lot of them. American capitalism has been by a death of 1,000 cuts undoing the very thing that makes capitalist liberal democracy, as opposed to a giant Anglophone Brazil, possible. The future of the United States lies in 1896, not in the old ideals......