On the recordMay 16, 2022
Well, they have to do with corporate power to raise prices in the sense that corporations now--and we know this--have a higher degree of profitability than they have had in 70 years.
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Robert Reich
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congress.govWell, they have to do with corporate power to raise prices in the sense that corporations now--and we know this--have a higher degree of profitability than they have had in 70 years.
Reich discusses the correlation between corporate profits and price increases.
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We’ve got to have a Democratic Party that is not afraid, that doesn’t take big money, that says to big corporations and Wall Street, 'Too bad. We are going to represent the people.'
He’s exactly right. And this is a time for people to say, 'No,' in a very mass way.
We’re not going to tolerate taking money from Medicaid, and food stamps, and nutrition, and possibly from Medicare as well, to give a big tax cut to the richest people in America when they’ve never been as rich.
Democrats cannot be afraid of sounding, what, socialist, radical? This is the time for sounding a little bit strong.