Tucson Progressive

Pamela Powers Hannley, a progressive voice for Arizona

The ramifications of wealth disparity: Robert Reich gets it

Robert Reich is one of my heroes. He gets it (unlike the delusional Tea Partiers who also were on National Public Radio [NPR] this morning, but more on those jokers later).

Here is a quote from his interview today on NPR. (Check out the link for the whole interview.)

“[The middle class] can’t go deeper and deeper into debt. They can’t work longer hours. They’ve exhausted all of their coping mechanisms,” he says. “And people at the top are taking home so much that they are almost inevitably going to speculate in stocks or commodities or whatever the speculative vehicles are going to be. … Unless we understand the relationship between the extraordinary concentration of income and wealth we have this in country and the failure of the economy to rebound, we are going to be destined for many, many years of high unemployment, anemic job recoveries and then periods of booms and busts that may even dwarf what we just had.”

4 comments on “The ramifications of wealth disparity: Robert Reich gets it

  1. x4mr
    September 29, 2010

    >Reich is brilliant. As Clinton's labor secretary he dispatched staff to learn about the copper company (Magma) when it was doing extraordinary things. I was there.Later, when I ran a training institute, then state Senator Giffords visited to learn about the place. My presentation included quotes from Reich's literature. She turned to me, "Bob's a good friend of mine."Giffords and Reich are part of the solution. They are the real thinkers that truly want to advance what it is to be human on this planet.

  2. Pamela
    September 30, 2010

    >x4mr– I couldn't agree more. I love Reich's blog. By continuing to make his insightful ideas public, he has done a great service to the country.

  3. Jim Hannley
    September 30, 2010

    >I just got to this, Pam. I agree with you and x4mr that Reich is one of those rare working class partisans who made it to the top, did not become corrupt or co-opted and remains an important force for progress in the US today. He is spot on, of course in his assertion that this ridiculous concentration of wealth and income is a huge brake on economic development and must be reversed.

  4. Ellyn F
    October 1, 2010

    >I heard Prof. Reich speak at one of the local union halls a few years ago, maybe during Gabby's first run. He is amazing and so on-target about labor and the economy. Gabrielle is so blessed to have him in her court.

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This entry was posted on September 29, 2010 by in Capitalism, corporatists, economy, jobs, Politics.

About

The Tucson Progressive: Pamela Powers Hannley

I stand on the side of Love. I believe in kindness to all creatures on Earth and the inherent self-worth of all individuals--not just people who agree with me or look like me.

Widespread economic and social injustice prompted me to become a candidate for the Arizona House, representing Legislative District 9 in the 2016 election. My platform focuses on economic reforms to grow Arizona's economy, establish a state-based public bank, fix our infrastructure, fully fund public education, growlocal small businesses and community banks, and put people back to work at good-paying jobs. I also stand for equal rights, choice, and paycheck fairness for women. I am running as a progressive and running clean.

My day job is managing editor for the American Journal of Medicine, an academic medicine journal with a worldwide circulation. In addition, my husband and I co-direct Arizonans for a New Economy, Arizona's public banking initiative. I am a member of the national board of the Public Banking Institute, and I am co-chair of the Arizona Democratic Progressive Caucus, the largest caucus of the Arizona Democratic Party.

I am a published author, photographer, videographer, clay artist, mother, nana, and wife. I have a bachelor's degree in journalism from Ohio State University and a masters in public health from the University of Arizona. I grew up in Amherst, Ohio, but I have lived in Tucson, Arizona since 1981. I am a proud member of the Unitarian Universalist Church of Tucson and the Public Relations Society of America.

My Tucson Progressive blog and Facebook page feature large doses of liberal ideas, local, state, and national politics, and random bits of humor. I also blog at Blog for Arizona and the Huffington Post.

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