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.
U.S. President-elect Donald Trump isn’t the cause of what ails America. He’s the consequence. The real causes go back four decades. Let me start with a bit of family history. During the 1950s and 1960s, my father, Ed Reich, owned a shop on the main street from which he sold women’s clothing to the wives of factory workers.This time of year reminds me of his anxious dependence on holiday sales .
1980-2008, the great U-turn. Most economic gains began going to the top.2008-2010, the financial crisis. The banks were bailed out, but millions of Americans lost their jobs, homes, and savings. The experience revealed the gross inequalities of wealth and power that underlay the new economy. This caused widespread disillusionment with the system.2010-2016, anger at the establishment. Both Sen.
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