The underlying problem is large American corporations have so much market power, they can raise prices with impunity.
Robert Reich
The Public Record
American political economist (1946–)
When corporate and corporations are so flush with cash, why are they raising prices?
What we are watching is a hostile takeover of Twitter by the richest man in the world who regularly tries to silence critics. This is what oligarchy looks like.
Stock buybacks do not generate more productivity in the economy. There is no trickledown from a stock buyback.
The American public was promised--you recall, before the Trump tax cuts, that everybody would get a raise, a wage raise, and that there would be a huge new round of investments in America. Neither of those came to pass.
This is the biggest labor victory in the last 30 years. I want to congratulate Christian Smalls and all of the workers at the Amazon warehouse, but it goes far beyond the Amazon warehouse.
The American fiscal intervention has been the most successful fiscal intervention in crisis since the new deal in the U.S.
Everything -- almost everything Biden has done has been exactly right. My only fault is, I would say you should try to do more.
The fact of the matter is that the stimulus was very important to the economy. And, even more importantly, it kept millions of Americans afloat.
I think the biggest surprise from what happened to child poverty is that, in such a short time, so many children were lifted out of poverty. And in the richest country in the world, it`s remarkable that we can do something that is that…
We are in a kind of second Gilded Age right now, in terms of witnessing a consolidation of wealth and income and power at the very top reaches America, such as we haven`t seen in over 100 years.