With the stock market sinking and no end to our current economic woes in sight, aren’t we glad we didn’t privatize Social Security?
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. He is the author of Saving Capitalism: For the Many, Not the Few, one of the books featured in the Prospect’s High School Essay Contest.
Rewards Without Risks for Wall Street
Our tax dollars are being used to protect Wall Street from the consequences of its own risky decisions. It’s time to stop giving them a free ride.
Moral Hazard
The Bush administration rejected the idea that homeowners caught in the sub-prime loan mess deserved government bailout — but it endorsed the Fed’s bailout of Wall Street. Trouble is, it’s the latter group that should have known better.
Is the Game About to Stop?
American consumers no longer have the buying power to absorb the goods and services the U.S. economy is capable of producing.
The American Recession and the World’s Emerging Economies
The world’s developing nations are no longer nearly as dependent as they used to be on consumers in the United States and other rich nations to keep them going by buying their exports.
The Road to Universal Coverage
Health care mandates are a sideshow, and fighting over them risks turning away voters from the main event.
America’s Biggest Divide
Here’s some news for anti-immigration demagogues. If they think this country or this economy can succeed in coming decades without millions of additional immigrants, they’re not thinking straight.
Drowning in Mortgage Debt: The Way Out?
It’s better to bail out families who didn’t know the risks they were taking on, than lenders who had every reason to know.
Financing the Common Good
After three decades of government starvation of necessary resources, the next president needs to champion progressive taxation with the proceeds invested in social outlays that make for a more productive economy.
It’s the Economy, Stupid — But Not Just the Current Slowdown
Most Americans are still not prospering in the global economy — addressing this means thinking bigger than tax cuts or spending increases.

