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Robert Reich: Plutocracy or Democracy

Reich talks about the economy and the perfect storm — he says — that threatens American democracy.

Robert Reich was U.S. Labor Secretary in good times — the Clinton years, where America saw low unemployment and strong growth.

Now that’s all turned around. And Reich is warning not just about the health of the U.S. economy, but the health of American democracy. Inequality, he says – concentrated wealth — is at historic highs. And it’s drowning out ordinary voices, and economic demand.

The Tea Party might beg to differ. We hear conservative pushback today. But Reich says if we don’t bring on higher taxes for the rich, our economy and our democracy are in trouble.

-Tom Ashbrook

See Reich’s tough words to On Point Wednesday about the Supreme Court and the new campaign finance environment.

Guests:

Robert Reich, author of the new book “Aftershock: The Next Economy and America’s Future.” He was Secretary of Labor under President Bill Clinton and is now a professor of public policy at the University of California at Berkeley.

Allan Meltzer, professor of political economy and public policy at Carnegie Mellon University. He was an economic advisor to Presidents Ronald Reagan and John F. Kennedy.

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ONPOINT
TODAY
Apr 27, 2015
Flowers and ribbons adorn a tree outside the Weinstein family house in Rockville, Md. last week. Earlier, President Barack Obama ook full responsibility for the counterterror missions and offered his "grief and condolences" to the families of the hostages, Warren Weinstein of Rockville, Maryland, and Giovanni Lo Porto who were inadvertently killed by CIA drone strikes early this year. (Jose Luis Magana/AP)

American drone policy and consequences. We’ll look at secret strikes and the evolution of drone war.

Apr 27, 2015
Former Olympic athlete Bruce Jenner at a charity event in 2013. (Mark Von Holden/Invision/AP)

Bruce Jenner opens up about his gender journey. We’ll look at the big picture of transgender life in America now.

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