FULL POST: One of the themes that runs through many of my blog posts is the prevalence of corporate power in our politics, policies, economy, and lives. The power of large, often multi-national, corporations is evident in: Financial industry regulation (See my posts Protecting our economy and democracy from Wall Street and Government by the […]

ABSTRACT: Dark money organizations – non-profit, tax exempt groups that do not have to disclose their donors – are spending tens of millions of dollars every year in our election campaigns. This means that when voters go to vote they don’t know who paid for the dark money funded ads, mailings, and other political activity […]

ABSTRACT: The fastest growing and perhaps the most troublesome of the four main avenues for presidential campaign fundraising and spending are the “dark money” organizations. These are non-profit organizations that can accept unlimited amounts of money and keep their donors secret. They are social-welfare groups that are supposed to work exclusively to further the common […]

ABSTRACT: Tracking the tons of money already flowing into the 2016 presidential campaign is not easy. There are four main avenues for presidential campaign fundraising and spending today, when as recently as 2008 there was really only one major one – the candidate’s official campaign committee. A candidate’s official committee is limited to donations from […]

ABSTRACT: This Labor Day workers were able to celebrate falling unemployment, increased hiring, improved access to health insurance, and increases in the minimum wage. Expanded eligibility for overtime pay is also in the works. And the US Labor Department has proposed a new regulation that would cover home care workers under minimum wage and overtime […]

FULL POST: We recently celebrated the Labor Day holiday and workers in the US do have some things to celebrate, but in general the outlook is bleak. First, the bad news, and then in my next post the good news. Wages (adjusted for inflation) fell 4% between 2009 (when the recovery officially started) and 2014. […]

ABSTRACT: More than one out of every five American workers is working a non-standard work schedule. This increases stress for parents, hurts their ability to be good parents, and adversely affects child and adolescent outcomes. Providing predictable work schedules for parents and allowing them flexibility to meet parenting responsibilities is good for them and their […]

ABSTRACT: Parents with a child under 18 years of age make up over 22% of the of the US labor force. These parents represent an important part of the human capital of our economy, and their children represent the human capital of our future economy. Therefore, supporting these families with paid leave when a new […]

The lack of equal opportunity and upward mobility when there are high levels of economic inequality is most dramatically clear when looking at children. Children born and raised in low income families are more likely to have: health problems at birth, worse living conditions including toxins in their environment (e.g., lead and air pollution), worse […]

Economic inequality is a problem because it undermines our economy and our democracy. High levels of economic inequality make the US economy fragile, and perhaps unsustainable. Our economy is built on consumer spending, which accounts for about two-thirds of our economic activity. However, the rich don’t spend as much of their incomes as those with […]

Some conservative commentators and politicians argue that economic inequality isn’t a problem. They claim that as long as there’s opportunity and social mobility, inequality in income and wealth doesn’t matter. They’re wrong, because high levels of economic inequality mean that social mobility is limited and opportunity is far from equal. [1] One of the conservatives’ […]

ABSTRACT: The 2016 elections, for President, Congress, and in the states, will be the most expensive elections ever by far. All the national and gubernatorial candidates (with perhaps a couple of exceptions) will be dependent on wealthy donors and will repay them with access and favors. The policies of the winning candidates will, therefore, reflect […]

The health care system in the US is broken. It costs far more per person than other countries’ health care and its outcomes are worse – from infant mortality to life expectancy. Costs are escalating, typically faster than the general inflation in the economy. And millions of Americans don’t have health insurance and millions more […]

ABSTRACT: The get tough on crime policies of the last 30 – 40 years have been counterproductive. They have swelled our prison population from less than 200,000 in the mid-1970s to 2,500,000 today. Our incarceration rate is the highest in the world and 5 times the world average. This is costing us a fortune – […]

Air pollution has real costs for all of us, from negative health effects (such as asthma), to climate change, to more severe weather and the damage it creates. We all suffer these effects and pay their costs while the polluters pay nothing. They are allowed to dump their pollution into our air for free. The […]

Wealth inequality in the US is even more dramatic than income inequality. The richest 1% of Americans own 42% of all the wealth in the country. And the richest 0.1% (300,000 people) have as much total combined wealth as the combined wealth of the bottom 90% (270 million people). This is the highest concentration of […]

Workers need to have a strong voice in the workplace and in our democracy to maintain an equitable balance of power with large, corporate employers. As the voice of labor has weakened over the last 35 years, workers’ pay has barely kept up with the cost of living and has fallen far behind workers’ growing […]

When we hear the term welfare, we think of public programs to help poor people. However, there are numerous public programs that provide welfare to corporations, most of whom are not poor at all. Corporate welfare occurs through so many subsidies and tax breaks that it is hard to keep track of them all. And […]

ABSTRACT: There’s no shortage of important issues facing the U.S. today. As candidates announce their intention to run for president, it will be interesting to see which issues they make priorities and which issues the mainstream corporate media decide to cover. Many candidates and the mainstream media are likely to avoid the issues of the […]

We need to reinvent our education system, much of which was designed to train students for an assembly line economy that is no longer with us. Early childhood care and education, K-12 schools, and higher education need to be improved. This is the fifth of the Ten Big Ideas to Save the Economy, presented by […]

We need to protect our economy from the risky behavior of the big Wall Street banks and financial corporations. This is the fourth of the Ten Big Ideas to Save the Economy, presented by Robert Reich and MoveOn.org. [1] We need to prevent these Wall St. giants from crashing the financial system and sending our […]

ABSTRACT: We need to improve the economic security of today’s – and tomorrow’s – senior citizens. Strengthening and expanding Social Security is the third of the Ten Big Ideas to Save the Economy. Reliance on Social Security is increasing. Despite its maximum benefit of only $32,000 per year, for one-third of seniors it’s 90% of […]

ABSTRACT: Working parents in the U.S. are struggling both to make ends meet and to be good parents. They need to be paid a reasonable wage so that full-time work provides a decent standard of living for their families (as it used to). Furthermore, employers and government should work together to ensure that workplaces are […]

ABSTRACT: Government rarely gets credit for its successful programs and initiatives in the media or among the public. On the other hand, government failures or shortcomings get lots of attention. One reason is that denigrating government is at the heart of the political strategy of small government proponents and special interests who want large corporations […]

ABSTRACT: There are many examples of successful government programs and initiatives but they rarely get much attention in the media or among the public. On the other hand, government failures or shortcomings get lots of attention. The media, and in particular right wing talk radio and Fox, along with “conservative” and libertarian politicians, fan the […]

ABSTRACT: Despite many indicators that our economy is strong, most Americans are experiencing economic insecurity. Over half of US households have less than one month’s income in regular savings and median household income continues to decline. Low-wage workers at Walmart, McDonalds, and elsewhere are so poor they are receiving $45 billion in public assistance. This […]

ABSTRACT: The Obama administration is in the final stages of negotiating two major “trade” treaties. It is pushing for Fast Track approval, which requires Congress to ratify them quickly (only 20 hours of debate on the thousands of pages in each treaty) with no amendments. These “trade” treaties primarily serve to enhance the power and […]

ABSTRACT: Although the next presidential election is over 20 months away, there is already media attention focused on who can and who is raising the most money. The top lobbyists / bundlers raise over $1 million for candidates’ campaigns. If this isn’t a blatant way of buying influence, I don’t know what is. A Washington, […]

ABSTRACT: Despite Republicans taking over control of the U.S. Senate, progressive values are alive and well in the U.S. In a recent poll of likely 2016 voters, over 70% supported the following policies: Medicare should be allowed to negotiate drug prices Student loans should have lower interest rates Pre-kindergarten and Medicare should be available to […]

ABSTRACT: We need to reclaim our economy so it works for everyone, not just the wealthy. With different choices and policies that reflect a different set of values, our economy can once again be one where a rising tide lifts all boats, not just the yachts of the wealthiest. The policy changes that are needed […]

ABSTRACT: Senator Elizabeth Warren gave a great speech recently in which she laid out how actions taken by corporations and related policy changes have undermined the middle and working class. She also spelled out what we need to do to change the rules of our economy so it works for everyone, not just the wealthiest. […]

ABSTRACT: The big Wall St. financial corporations just got another big gift. The Federal Reserve announced that it will give Wall St. a year’s delay (to mid-2017) on the implementation of the Volcker Rule, which would ban Wall St. from engaging in risky investments with federally-insured deposits. Many observers believe that this delay will simply […]

ABSTRACT: Many millions of dollars are being spent by special interest groups on our political campaigns. This level of spending makes it clear that wealthy special interests – individuals, corporations, unions, and non-profit organizations – are taking over our elections. The only way to stop this undemocratic spending is through an amendment to the U.S. […]

ABSTRACT: Congress recently rushed to pass a 1,700 page, $1.1 trillion spending bill. Such last minute, have-to-pass pieces of legislation are ideal vehicles for enacting laws that wouldn’t withstand the scrutiny of the regular legislative process. In my 12/14/14 post, I wrote about 2 such provisions: the repeal of the ban on banks investing in […]

ABSTRACT: As you probably know, Congress just rushed to pass a $1.1 trillion spending bill that keeps the federal government operating. Such last minute, have-to-pass pieces of legislation are ideal vehicles for enacting laws on unrelated matters that wouldn’t withstand the scrutiny of the regular legislative process. One such provision in this bill repeals a […]

ABSTRACT: Some people in Washington, D.C., are taking the election results as an indication that Republican policy priorities are in favor with the public. Furthermore, the Republicans in Congress and the President may want to show that they can work together, get things done, and pass new laws. Senator Elizabeth Warren (Democrat from Massachusetts) warns […]

ABSTRACT: Perhaps surprisingly, in the context of Republican and conservative candidates’ victories in the 2014 election, many ballot initiatives that were decidedly liberal or progressive passed. Democrats running clearly progressive campaigns for the US Senate won in 3 states. The Republican victories in many very close races were made possible by very low voter turnout. […]

ABSTRACT: In the 2014 election, the influx and impact of huge amounts of money was clearly evident and the growth of “dark money” – money where the actual contributor is unknown – was a very significant factor. This was the most expensive non-presidential election ever – estimated at $3.7 billion. Outside spending, that is money […]

ABSTRACT: Worker cooperatives, where a business is owned and run by its workers, are gaining attention as a way to provide jobs and better pay for low wage workers. New York City recently established a Worker Cooperative Business Development Initiative and provided $1.2 million in funding for it. According to the US Federation of Worker […]

ABSTRACT: With our federal government gridlocked, many cities around the US are taking the lead in policy innovation. Progressive policies are bubbling up in cities from Seattle and Santa Fe to Cleveland. Minneapolis’s new mayor has championed infant health care, universal pre-kindergarten education, closing racial gaps, and new public transit lines to better connect minority […]

ABSTRACT: Election Day is just over a week away. Although it’s easy to look at the dysfunction in Washington and the huge amounts of money being spent on campaigns and feel that voting and participating in the election doesn’t matter, that would be wrong. There will be lots of close elections this year all across […]

ABSTRACT: As Attorney General Eric Holder leaves office, one of his legacies will be his Department of Justice’s (DOJ) treatment of the major banks and financial corporations. Of particular note is the failure to prosecute any of the senior officers at the banks and financial corporations that caused the 2008 financial collapse. Bill Black calls […]

ABSTRACT: Our country has important problems that need to be addressed. Not only aren’t they being addressed, but serious proposals (let alone efforts) to address them are not even on the table for discussion. These problems include: Stagnating wages and a stagnating economy; Corporations doing very well but employees losing ground and unemployment stubbornly high; […]

ABSTRACT: The most recent embodiment of the corporate efforts to capture (i.e., privatize) funding from public K-12 education is the new Common Core national curriculum standards and the testing that accompanies it. Common Core’s implementation will require public school systems to spend billions of dollars on new curriculum materials and on new testing, including software, […]

ABSTRACT: Corporations covet public funding streams, especially large and consistent ones. A relatively recent example of a focused effort by corporations to capture public funding is evident in our public schools. These efforts have included an extensive public relations campaign aimed at convincing the public and elected officials that our public schools are failing. This […]

ABSTRACT: Here are three current examples of corporate power and influence. Tax dodging: Burger King is the latest corporation to announce plans to move its legal headquarters to a foreign country as a way to avoid paying taxes in the US; a so-called “inversion.” Corporations suffer no consequences as a person would if he or […]

ABSTRACT: Class warfare has been going on in the US for 40 years, but most people either haven’t realized that it is class warfare, or deny its existence. Inequality between the wealthy, elite class and the middle and working class has grown dramatically. This is the result of policy decisions made by federal and state […]

ABSTRACT: Obamacare, or more formally the Affordable Care Act (ACA), is working: more people have health insurance. Nationwide, over 20 million people now have health insurance who didn’t before the ACA went into effect. With this and other good news about the ACA, the American public is growing more positive about it, despite continued efforts […]

ABSTRACT: Investigative journalism, especially by the mainstream media, is rare these days. Yet it is critical to an informed citizenry, which in turn is critical to a successful democracy. On a recent Bill Moyers TV show, “The lies that lead to war,” Moyers and his guest, investigative journalist Charles Lewis, explore the value of investigative […]

ABSTRACT: The biggest losers in Detroit’s bankruptcy appear to be school children, current and former city employees, and poor residents. The emergency plan for Detroit’s public schools calls for increasing class sizes from 38 to 43 students in grades 6 – 12. Spending on classroom instruction has been cut 19% (falling from 58% of the […]

ABSTRACT: We need to change our system of financing political campaigns. Candidates need to be able to run viable campaigns based on the financial support of average voters, and without the support of the small number of wealthy donors who dominate current campaign funding. Many people who would make great elected representatives don’t even run […]

ABSTRACT: The political money and influence of the wealthy grows and grows. Wealthy donors making large contributions of up to $2,600 directly to Congressional candidates’ campaigns represent the great majority of candidates’ funding. There had been an overall limit of $123,200 on the grand total any individual could contribute in a two-year federal election cycle. […]

ABSTRACT: “Inequality is not inevitable” is the title of a recent piece in the New York Times by Joseph Stiglitz. Our current levels of inequality – and the undermining of the middle class – are the result of policies and politics, not a fundamental feature of capitalism. One example is the recent bailout of the […]

ABSTRACT: Government agencies perform many necessary and important functions. However, inadequate funding results in ineffective agencies. But the fault doesn’t lie with the government agencies; it lies with those who make the funding decisions. A classic strategy of the small government ideologues is to cause government agencies to be ineffective by underfunding them and then […]

ABSTRACT: An increasing amount and proportion of election spending is coming from non-profit organizations that do not disclose their donors. This so-called “dark money” keeps voters in the dark about who is trying to influence their votes. Legislation to require disclosure of donors to “dark money” groups has been introduced at the federal level and […]

ABSTRACT: The rise of Super PACs (Political Action Committees) in the last four years and their ability, along with that of wealthy individuals and organizations, to spend unlimited amounts of money in US political campaigns are dramatically reshaping our politics. This is a new version of a very old game  –  pay to play – […]

ABSTRACT: We need to elect US Senators, Representatives, and ultimately a President who will support an end to Super PACs and unlimited money in our political campaigns. Lawrence Lessig is undertaking an innovative and counter-intuitive strategy to do so: creating a Super PAC to elect Congress people who will support the needed changes in our […]

ABSTRACT: Republicans are up to their old tricks: create a crisis at a public agency and then claim that privatization is the answer. The latest example is the Department of Veterans Affairs (VA). Congress hasn’t provided sufficient funding to serve the 1.5 million new veterans from the Iraq and Afghanistan wars. When US Senate legislation […]

ABSTRACT: CEO pay has increased over 50% in the last 4 years while pay for workers has barely increased. The typical CEO’s pay in 2013 was $10.5 million. The industry with the fastest growth in pay was the banking industry where CEO pay grew 22% in 2013 – on top of 22% growth the year […]

ABSTRACT: The conventional wisdom is that the mainstream media has a liberal slant. Here’s part 2 of my refutation of the liberal media myth based on the information that we do NOT receive from it. There’s been little mainstream media coverage of gerrymandering, obstructionism in Congress, Supreme Court decisions that favor the wealthy and corporations, […]

ABSTRACT: The conventional wisdom is that the mainstream media has a liberal slant. The best refutation of the liberal media myth is the information that we do NOT receive. There’s been little mainstream media coverage of corporation-friendly “trade” agreements, outsourcing and downgrading of jobs, growing inequality of income and wealth, the power of corporations in […]

ABSTRACT: The gridlock in Congress is caused by hyper-partisanship and by the extreme views and tactics of some Representatives and Senators. There are four major reasons for it. I will address each of these in upcoming posts, starting with gerrymandering in this post. Every 10 years, the boundaries of the Congressional Districts (CDs) for US […]

ABSTRACT: Huge contributions and expenditures from wealthy special interests were front and center in the 2012 campaigns because of the unlimited spending allowed by the Supreme Court’s Citizens United decision. The 32 biggest donors to Super PACs spent as much money as the total of all the donations by the 3.7 million Americans who made […]

ABSTRACT: There’s good news on multiple fronts in the effort to stop the corruption of big money in US political campaigns. In the US House, the Government by the People Act (HR 20) has been introduced. It would match small donations – up to $150 – from individuals 6 to 1 so that, for example, […]

ABSTRACT: In Judge Rakoff’s article entitled “The Financial Crisis: Why have no high-level executives been prosecuted?” [1] he discusses the reasons given by officials of the Department of Justice (DOJ) for the failure to criminally prosecute either individuals or corporations. Finding the publicly presented explanations for the failure to prosecute unconvincing, Rakoff then proposes some […]

ABSTRACT: One person who has both spoken out and acted when he felt the punishment for misbehavior in the financial sector was too lenient or lacking is federal District Court Judge Jed Rakoff.* In 2011, he refused to approve a proposed settlement with Citigroup related to the 2008 financial crisis because he thought that it […]

ABSTRACT: If you follow the financial news, you regularly hear about financial corporations paying penalties as they reach settlements with regulators for their misbehavior. Although the amounts of some of the recent penalties have been noteworthy, keep in mind that to these large corporations they barely put a dent in their annual profits. Furthermore, in […]

ABSTRACT: The federal government’s budget deficit is getting more attention than it deserves. It is half of what it was in 2009 and is at what economists consider a manageable level. Meanwhile, our deficit in investments in public goods is being almost totally ignored. Public goods are things of value to society but in which […]

ABSTRACT: Twenty years of experience with previous “trade” treaties and the recent leaks of draft language for the Trans-Pacific Partnership (TPP) make the case that the “trade” treaties currently in negotiation will not benefit the US economy, our workers, or our middle class. These treaties focus on and benefit multi-national corporations and investors, rather than […]

ABSTRACT: Bipartisan legislation was introduced in Congress last Thursday to allow the President to submit “trade” agreements to Congress and require expedited consideration of them. There is opposition to this Fast Track consideration (formally known as Trade Promotion Authority) in both parties. There is also opposition to the “trade” agreements currently being negotiated themselves. One […]