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Trade deals boost those at the top, bust the rest

Robert Reich, professor of public policy | February 17, 2015

Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the richest 1 percent. The rest of us could buy some products cheaper than before. But those gains would be offset by losses of jobs and wages. This is pretty much what “free trade” … Continue reading »

The State of the Union and the federal budget: Investing in America’s future

Robert Reich, professor of public policy | January 25, 2011

Word has it that the President will be emphasizing “improving American competitiveness” in his State of the Union Address Tuesday night. As I’ve noted, the term is meaningless — but it’s politically useful. CEOs and many conservatives think it means improving the profitability of American companies. Liberals and labor unions think it means increasing export … Continue reading »