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Why Robert Reich Is Pissed

Robert Reich is a former Secretary of Labor and a political economics at University of California, Berkley. His new book is called “Saving Capitalism: For the Many, Not the Few.” Here’s what he’s pissed about.

Transcript:

ROBERT REICH: Here’s Why I’m Pissed. We have, in this country right now, more income concentrated at the top than we have since the robber baron era of the gilded age.

But it’s not just income and wealth, it’s also political power that goes with that income and wealth. The real problem is the vicious cycle that’s being created when changes in the market rules give that political power even more income and wealth.

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So you see where we’re heading. And the only way out is really if the rest of us get united and political active and take back our economy and democracy.