Robert Kuttner

Robert Kuttner is co-founder and co-editor of The American Prospect, and professor at Brandeis University's Heller School. His latest book is Debtors' Prison: The Politics of Austerity Versus Possibility. He writes columns for The Huffington Post, The Boston Globe and the New York Times international edition. 

Recent Articles

Movements for Racial Justice and Economic Justice Could Converge to Form a Powerhouse for Change

(Photo by Rachel M. Cohen for The American Prospect)
What happens to a dream deferred? Maybe it just sags like a heavy load. Or does it explode? T hat was the poet Langston Hughes, in 1951. In that year, more than half a century ago, the most basic dreams of African Americans were deferred. Segregation was mandatory in the old South. Discrimination was legal everywhere in America, whether in housing, education, or employment. Blacks were not just separated, but isolated, marginalized, restricted to the worst jobs and most dilapidated neighborhoods, the most dismal schools. For many, the racism just sagged, like a heavy load. It destroyed hope that hard work would be rewarded. The deferred dreams of that era seldom produced explosions, because the state had a very efficient system of terror. Blacks who resisted were likely to be lynched, jailed, or otherwise destroyed. It is a testament to sheer grit, tenacity and courage that large numbers of blacks managed to get educations, raise families, start businesses, and enter professions at...

Carnage at The New Republic and Prospects for the Liberal Press

The New Republic
A .J. Liebling, the early New Yorker ’s celebrated press critic (he invented the genre) once wrote : The pattern of a newspaperman's life is like the plot of 'Black Beauty.' Sometimes he finds a kind master who gives him a dry stall and an occasional bran mash in the form of a Christmas bonus, sometimes he falls into the hands of a mean owner who drives him in spite of spavins and expects him to live on potato peelings. You might say the same thing of magazine publishers. Political magazines are something close to public trusts—key elements of a robust democracy--but most are privately owned. Like newspapers, they are at the mercy of the whims of owners who are sometimes astute at the publishing business, and sometimes inept; sometimes kind masters, and sometimes capriciously cruel. The New Republic , where I worked for a decade, was once America’s leading liberal magazine of essay, reporting, and criticism. In the past half-century, TNR went through a convoluted odyssey. A chain of...

Low Oil Prices Are History's Greatest Case of Market Failure

(AP Photo/Hasan Jamali, File)
(AP Photo/Hasan Jamali, File) R emember "Peak Oil?" The world was running out of oil , we were told: Prices would soon skyrocket, and we had better find other fuels. Well, that argument didn't work out so well for environmentalists, did it? As oil reserves and those of other carbon fuels became scarce and prices rose, the law of supply and demand kicked in. The industry invested the profits from those higher prices in new technologies, and the oil barons found even more destructive ways to extract oil and gas—by exploiting the muck from tar sands, inventing hydro-fracking, and despoiling sources in developing countries. So now, oil is cheaper than it's been in years, about $66 a barrel. Regular unleaded gasoline can be had for well under $3 a gallon. One of the few things sustaining U.S. consumer purchasing power in the face of dismal wages is close to $100 billion saved in energy costs. OPEC's pricing power has been broken , and the United States is about to surpass Saudi Arabia as...

Is Obama's Treasury Nominee a Wall Street Shill?

For most of his Wall Street career, the president's nominee to lead the domestic financial has epitomized everything that reeks about financial abuses.

Flickr/Alex E. Proimos
Flickr/Alex E. Proimos I f you want to understand what makes Elizabeth Warren so special in American politics, consider her nervy leadership of the campaign to block President Barack Obama's foolish nomination of one Antonio Weiss to be the top Treasury official in charge of the domestic financial system, including enforcement of the Dodd-Frank Act. For most of his Wall Street career, Weiss has epitomized everything that reeks about financial abuses. As chief of international mergers and acquisitions for Lazard, Weiss orchestrated what are delicately known as "corporate inversions," in which a domestic corporation moves its nominal headquarters offshore, to avoid its U.S. taxes. It's hard to improve on Senator Warren's description of this play, in her Huffington Post blog of last Wednesday: Basically, a bunch of companies have decided that all the regular tax loopholes they get to exploit aren't enough, so they have begun taking advantage of an even bigger loophole that allows them to...

How Democrats Can Win Back the White Working Class and Increase Turnout Among Blacks and Latinos

(Photo: Fibonacci Blue via Flickr/Creative Commons License)
(Photo: CNV Sioux Falls, SD Action via Flickr) Demonstrators in Sioux Falls, South Dakota, urge fellow citizens to vote for the November 4 ballot initiative to raise the minimum wage. The demonstration took place on Saturday, September 27. T he voting turnout in this year's congressional and gubernatorial elections was the lowest since 1942. Much of the story was in young people, poor people, black and Hispanic citizens, who tend to support Democrats, voting in far lower numbers than in 2008 or 2012. The Democrats just weren't offering them very much. But the other part of the Election Day story was older voters and the white working class, especially men, deserting the Democrats in droves—again, because Democrats didn't seem to be offering much. Republicans, at least, were promising lower taxes. Turnout on average dropped from 2012 by a staggering 42 percent. But as Sam Wang reported in a post-election piece for The American Prospect , the drop-off was evidently worse for Democrats...