Robert Reich

Robert B. Reich, a co-founder of The American Prospect, is a Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. His website can be found here and his blog can be found here.

Recent Articles

Controversy: The Rhetoric of "Corporate Welfare"

Since Robert Reich coined the phrase several years ago, "corporate welfare" has become a rhetorical target for progressives. Activists argue that government subsidies to private businesses amount to giveaways, which sometimes even promote harmful activity. These critics have established "corporate welfare" in the lexicon of both liberal and conservative politics: a recent computer search turned up the phrase in 520 articles from major newspapers and 107 articles in popular magazines over just the last two years. The critics are sometimes right, but their polemics can be politically insidious and discourage serious discussion about when and how government should get involved in private industry. Invoking "welfare" legitimizes the idea that government in volvement in the economy is intrinsically corrupting. The phrase draws on the image of contemptible dependency on government that has dogged social programs for the poor and tries to transfer some of that contempt to CEOs. It risks...

We Are All Third Wayers Now

The Third Way doesn’t have to be market conservatism in centrist clothing.

I s the Third Way a new public philosophy likely to shape capitalism in a postcommunist twenty-first century? Or is it, as some from both ends of the political spectrum suspect, little more than a watered-down version of Reaganism-Thatcherism: less a new movement than a pragmatic, if not cynical, means of keeping liberals mollified while continuing the long-term shift rightward—a global version of Dick Morris's "triangulation"? Years ago, the "Third Way" referred to Sweden's social democratic middle ground between capitalism and communism, but in recent years the term has taken on a more varied meaning. Around Boston the "third way" describes the back route to Logan Airport, avoiding the tunnels. Others have used it in reference to a novel position for having sex. But when Britain's Tony Blair used the phrase in his successful bid to oust the Tories in 1997, he had something different in mind: a set of public policies equidistant from Margaret Thatcher and Old Labour, redolent of Bill...

It's the Year 2000 Economy, Stupid

Exactly eight years ago, I trudged through New Hampshire sleet and slush, telling anyone who'd listen that Bill Clinton would do wonders for the American economy. Now, as the nation lurches into a millennial election year, most Americans seem largely content. The economy has faded as an election-year issue. But it shouldn't have—there are Two Big Things about the American economy that ought to be framing the upcoming election. Big Thing Number One: America has been growing faster than ever. Productivity has been rising 2.1 percent a year since 1993, according to just-revised statistics. I wish the Clinton administration could take full credit, but it turns out that, as Barry Bluestone explains in this issue [see "Conversation: Clinton's Bequest Reconsidered," page 18], the productivity-growth spurt actually began picking up steam in the early 1980s. The recession of 1991-92 was only a temporary pause. Neither Reagan's supply-side tax cuts nor Clinton's deficit-thwacking budget cuts...

The New Power

It seemed appropriate to begin my series of modest screeds with a short pre- snake person analysis of where power is moving to in America. Here's who's losing it: Giant corporations and their CEOs. They've made money in the current expansion, but they're losing clout. Vast industrial- age bureaucracies can't move fast enough. All are downsizing, and many CEOs are losing their jobs. Since 1990, heads have rolled at IBM, AT&T, General Motors, Sears, and other corporate behemoths. As the economy slows, expect more heads, lower profits, and downsizings on a monumental scale. Labor unions. Even with the tough- minded John Sweeney at the helm of the AFL- CIO, the percentage of private- sector workers belonging to labor unions continues to drop. Unless the AFL- CIO succeeds in organizing vast numbers of low- wage service workers in hotels, hospitals, retail stores, restaurants, and laundries, as well as platoons of overworked and underpaid high- tech workers, organized labor is in danger...

Circuit Breakers For Layoffs

Broadcast September 28, 2001 Consumer confidence is dropping like a stone. Mass layoffs are sending chills through an America already shaken by the horror of September 11th. Last week alone, companies announced more than 100,000 layoffs, and there are signs of hundreds of thousands more to come. Worries about terrorism, coupled with growing worries about job security, aren't exactly inspiring consumers to flood into the malls and buy a lot of stuff despite patriotic calls to spend money. And if consumers don't buy, there are likely to be more layoffs. You see how it becomes a vicious cycle. Layoffs that undermine consumer confidence create more layoffs, further undermining confidence. When the pace of layoffs is more gradual, you don't get this downward spiral. But too many layoffs occurring too quickly can send the whole economy into a tailspin. Wall Street faces something of the same problem when too many stocks are unloaded too quickly, and the market drops too far, too fast. Panic...

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