Robert Reich, is the Chancellor's Professor of Public Policy at the University of California, Berkeley, and a senior fellow at the Blum Center for Developing Economies. He served as secretary of labor in the Clinton administration, for which Time magazine named him one of the 10 most effective cabinet secretaries of the twentieth century.
For years, conservatives have railed against what they call the “administrative state” and denounced regulations. But let’s be clear. When they speak of the “administrative state,” they’re talking about agencies tasked with protecting the public from corporations that seek profits at the expense of the health, safety, and pocketbooks of average Americans. Regulations are the means by which agencies translate broad legal mandates into practical guardrails.
In reality, these groups were doing nothing more than enforcing the implicit social contract that had emerged at the end of World War II, ensuring that corporations be responsive to all their stakeholders—not just shareholders but also their workers, consumers, and the environment. Powell saw it differently. He urged businesses to mobilize for political combat.
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