Former US Secretary of Labor Robert Reich thinks that Democrats are on the brink of a new era, but it's not clear if they're ready for it. In an interview with Akela Lacy from The Intercept Briefing podcast, Reich argued that the economy is facing significant challenges, including rising unemployment and stagnant wages.
Reich pointed out that while job growth appears good on paper, the underlying data suggests otherwise. Real wages have been declining, and the rich are doing better than ever, thanks to rising stock prices. He also warned about the dangers of artificial intelligence bubbles and the need for Congress to act against individual lawmakers' trading stocks.
Reich's message is clear: Democrats must prioritize the working class over their donors and special interests if they hope to succeed in the long run. The author believes that this is a crucial moment for the Democratic Party, and he thinks it's time for them to "move on" from the old neoliberal policies that have failed them.
Reich's views are not without controversy, but his message of urgency and importance resonates with many Americans who feel left behind by the current economic system.
Reich pointed out that while job growth appears good on paper, the underlying data suggests otherwise. Real wages have been declining, and the rich are doing better than ever, thanks to rising stock prices. He also warned about the dangers of artificial intelligence bubbles and the need for Congress to act against individual lawmakers' trading stocks.
Reich's message is clear: Democrats must prioritize the working class over their donors and special interests if they hope to succeed in the long run. The author believes that this is a crucial moment for the Democratic Party, and he thinks it's time for them to "move on" from the old neoliberal policies that have failed them.
Reich's views are not without controversy, but his message of urgency and importance resonates with many Americans who feel left behind by the current economic system.