Robert Reich: The Biggest Risk to the Economy in 2012
Published on Tuesday, January 31, 2012 by Robert Reich's Blog
The Biggest Risk to the Economy in 2012, and What’s the Economy For Anyway?
by Robert Reich
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...the biggest problem is that corporate money is undermining democratic institutions in the name of better deals for consumers and investors. Campaign contributions, fleets of well-paid corporate lobbyists, and corporate-financed PR campaigns about public issues are overwhelming the capacities of Congress, state legislatures, regulatory agencies, and the courts to reflect the values of workers and citizens.
As a result, consumers and investors are doing increasingly well but job insecurity is on the rise, inequality is widening, communities are becoming less stable, and climate change is worsening. None of this is sustainable over the long term.
Blame global finance and worldwide corporations all you want. But save some blame for the insatiable consumers and investors inhabiting almost every one of us, who are entirely complicit. And blame our inability as workers and citizens to reclaim our democracy.
more:
http://www.commondreams.org/view/2012/01/31-0
