Beyond Trump (why American capitalism is so rotten, Part 1) - RB Reich must-read (IMO)

[CousinIT]

https://robertreich.substack.com/p/beyond-trump-why-american-capitalism

. . .

If you want to understand where American capitalism is now and what you might do to help move it in a more humane direction, you need to look under the hood.

First, forget politics as you’ve come to see it as electoral contests between Democrats and Republicans. Think power. The underlying contest is between a small minority who are gaining power over the system and the vast majority who have little or none.

Next, forget what you may have learned about the choice between the “free market” and government. A market cannot exist without a government to organize and enforce it. The important question is whom the market has been organized to serve.

Forget the standard economic goals of higher growth and greater efficiency. The issue is who benefits from more growth and efficiency.

Don’t be dazzled by “corporate social responsibility.” Most of it is public relations. Corporations won’t voluntarily sacrifice shareholder returns unless laws require them to. . .

MUCH MORE at the link! https://robertreich.substack.com/p/beyond-trump-why-american-capitalism

[Buns_of_Fire]

1. I'll be looking forward to next week's installment!

Next week, we’ll take on the biggest mythology underlying American capitalism, which has prevented us from seeing the whole.

He points out that it's not his intention to make one more cynical. In that, he need not worry -- my meter has been pegged to "maximum" for some time now.

[CousinIT]

2. He often does these online courses...they're worth reading

and viewing on video! It's like taking an economy class.