The CEO: "I'll need a multimillion dollar bonus if I succeed, and a multimillion dollar severance package in case I fail." The executive board: "Let's spend our profits on stock buybacks and more bonuses for ourselves. If we fail, the government will bail us out." The workers: "We just want enough to pay our rent/mortgage and take care of our families." The media: Look at those GREEDY employees!"

@QCDoggies

Жыл бұрын

Applause, well stated!!!

@johnd6389

Жыл бұрын

No one says that at all.

@1Kent

Жыл бұрын

@@johnd6389 corporations do.

@johnd6389

Жыл бұрын

@@1Kent Corporations are tax entities, so no they don't.

@arcanondrum6543

Жыл бұрын

I was a mere Engineer at a startup co., in addition to my salary, I was awarded 40,000 Stock Options. Forty Thousand. Corporate Executives and Board Members? Far, FAR more.

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. 2023 will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment? I can't afford my hard-earned $80,000 savings to turn to dust.

@luis-gabriel1

9 ай бұрын

Nobody knows anything! You need to create your own process, manage risk and stick to the plan, through thick or thin, while also continuously learning from mistakes and improving.

@Agatha207

9 ай бұрын

But the professionals are still crushing it right now because they have both the necessary approach to pull off a profit in the market plus access to insider market knowledge that isn’t made public.

@christianaemilio1

9 ай бұрын

Thanks for the information! He really seem to know this stuff. I found his web-page when I made a google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..

@Alejandro.N

9 ай бұрын

To succeed the financial market, you must review and put into consideration the dynamics of your trading assets prior investing. Analysis based on research is vital which is why I recommend investing with a professional if you don’t know the basics.

Facts Robert! Workers deserve better, not blame

@johnd6389

Жыл бұрын

No one is blaming them and yes increasing wages without increasing value causes inflation.

@Alan0000able

Жыл бұрын

@@johnd6389 so then why inflation is much higher than wage growth? Not to mention real estate inflation, that sometimes reaches 10% or more annually?

@Navy35

Жыл бұрын

@@Alan0000able the fact that the government ( Biden) is just printing money and wasteful spending isn’t helping and when the government saturates the workforce with millions of new job seekers ( immigrants) it artificially suppresses wages. Also more competition for home buyers,etc. that’s corporate greed at its finest ( lobbying both parties to push for open borders even though population growth is harmful to the environment)

@johnd6389

Жыл бұрын

@@Alan0000able I didnt say inflation and wages growth were one to one or that wage growth was the only variable in inflation. I said it was a major factor and it is. Not very smart are you.

@juniorgod321

Жыл бұрын

If "workers deserve better" doesn't it bother you that Robert Reich was against affordable housing to be built in his fancy neighborhood because he doesn't want to live near poor people?

All this must end. We need transparency if we are to have true democracy.

@johnd6389

Жыл бұрын

Lol I dont want a democracy

@michaelcap9550

Жыл бұрын

@@johnd6389 Correct. A constitutional republic. Electoral College forever!

@jimbarber6368

Жыл бұрын

@@johnd6389 Obviously.

@johnd6389

Жыл бұрын

@@jimbarber6368 Yeah I want freedom and constitutional rights. Democracies always end in dictatorships.

@kellydalstok8900

Жыл бұрын

@@johnd6389 no they don’t

Robert Reich is a natural educator . I hope there are high school economics teachers that use his videos in their classrooms.

@OpalShade

Жыл бұрын

@@Zach-ju5vi I was curious what you are referring to, as I don't recall a video endorsing inflation. But then I remember a video where people were indeed talking about benefiting from inflation, it being their biggest ally - CEOs, billionaires, corporations. It was never an endorsement by Reich, not by a long shot. If you want to rewatch it, the title of the short was: "Caught on Tape: CEOs Boast About Raising Prices"

@OpalShade

Жыл бұрын

@@Zach-ju5vi I'm impressed that you "looked into it", and somehow didn't find the clip of Reich on MSNBC. Uploaded Nov 16th, 2021 on the MSNBC KZread channel. Also found a couple other posts from last year, and his message hasn't really changed at all since then. At the time it was a couple things: inflation mostly seemed related to supply chains catching up, and corporations driving record profits; also, neither wages nor social welfare are to blame for inflation. At no point however did he say that inflation was a good thing or beneficial for the little man. It almost seems like the videos you described don't exist, and they are now "conveniently deleted", so only your account of their existence remains - despite the internet not easily forgetting.

@brucebasile5083

Жыл бұрын

@@Zach-ju5vi Triggered again by another spot on video by the well respected Professor Reich huh Zachoff? GOOD !

@brucebasile5083

Жыл бұрын

@@Zach-ju5vi Blah blah blah same mindless unoriginal babble everyone here finds amusing. You truly are the joke of this channel. hahaha

@ivanahhahmpaloht9153

Жыл бұрын

@@Zach-ju5vi I truly love how Republicans on KZread all somehow consistently fail at using the English language correctly. Surely being anti-immigrant and not speaking English correctly will make your point more convincing.

"That peasant had a silver coin in his pocket! Have you ever witnessed such effrontery, Reginald?" "Why, I never. We shan't be having it, Louis. We must raise the price of tea and coal immediately." ***Much harrumphing***

@garyandsandrahamlin872

Жыл бұрын

This is a great example of how our education system has failed to teach economics.

If the media reported on corporate profits then it would be impossible to blame the powerless. Workers need to take power. Create and join unions.

@anonymoususer4376

Жыл бұрын

corporations love to report good news including record profits. CEOs get fired when they don't have solid growth.

@alistairmackintosh9412

Жыл бұрын

@@Zach-ju5vi Profit drives inflation.

@alistairmackintosh9412

Жыл бұрын

Profit, a kind of rent, is capital removed from the real economy, and added to the speculative economy.

@alistairmackintosh9412

Жыл бұрын

@@Zach-ju5vi When the stock market rises faster than wages, that's inflation.

@Cthulhu4President

Жыл бұрын

@@Zach-ju5vi Our currency being more or less valuable doesn't change the fact that the average person has to work multiple jobs to keep a roof over their head. Inflation is irrelevant, profit is irrelevant; pay your workers a living wage or watch your workers flock to someone who will. No point in having a job if that job doesn't even keep you housed so you can keep showering in order to continue holding the job. None of your conservative BS can account for the fact people shouldn't have to work more than 40hrs a week and still not be able to afford a place to sleep. I don't want to hear any BS about how "some jobs aren't supposed to pay that much". I stand with FDR, pay a living wage, or you don't deserve to stay in business. It worked then, it'll work now.

Americans may have jobs again but their purchasing power has taken a big hit from inflation.

@dianebeaulaurier2044

Жыл бұрын

This had been going on since Reagan and erosion of the middle class.

@paulmeeker1165

Жыл бұрын

Thanks to government spending and poor monetary policy by the Fed.

Please can we acknowledge that our Former Labour Secretary is a great cartoonist as well...lovely graphic illustrations ..

I love Roberts white board! He makes it so easy to understand.

@brucebasile5083

Жыл бұрын

@@Zach-ju5vi Still triggered by all the people here who agree with the great Professor Reich's spot on videos. Your a real Zachoff..

@brucebasile5083

Жыл бұрын

@@Zach-ju5vi You prove yourself wrong every time you show up here and people put you in your place. You have become so pathetically irrelevant thanks to me and the others who call you out for your ignorance. which knows no bounds. It's over for you here Zachoff. Time for you to fade into the shadows with the rest of the corporate shills who are triggered by the SPOT ON videos on this channel..

@brucebasile5083

Жыл бұрын

@@Zach-ju5vi Denying you get put in your place regularly is part of your delusional mental condition that compels you to make a fool of yourself. I have made you irrelevant here and will continue to keep it up so you may want to move along. Everyone understands you are a HUGE Zachoff with Reich derangement syndrome. But most of all you are the laughing stock of this channel. hahaha

I've gotten a lot of pushback recently for saying corporate profits are driving inflation. I think I'll start responding with a link to this video. Thanks, Bob!

@johnd6389

Жыл бұрын

Lol you should get pushback because its not possible. Only ignorant uneducated people think that corporate profits cause inflation. You don't know what you are talking about and rieche is lying.

@johnd6389

Жыл бұрын

@@Zach-ju5vi Profit doesn't cause inflation. A matter of fact profit decreases inflation. You lack a fundamental understanding of economics.

@nicklang7670

Жыл бұрын

If cutting the cost to the business decreases inflation then so does cutting the cost to the consumer. Greed and money on money on money is creating runaway profit and driving the cost of money through the roof, and it is built to make that profit for only a few, and the reasoning to only create massive profit for a few, is because a few rich people think they increase market demand less. Which is a lie, rich people are by far the most resource intensive people on earth. It is all a lie to make rich people and greedy monopolies and monopsonies innocent and to blame us for the worlds economic problems. They do not know how to fix poverty because they believe that resource extraction and energy distribution depend on destroying the planet and greedy people could not maintain control if we the people invented a way out of that problem. If most resources we use could be grown and energy could become self-sustainable we would not fear losing profit. And conservatives would have a problem with greed.

@johnd6389

Жыл бұрын

@@nicklang7670 Oh man I'm going to have fun with you. Firstly Lowering prices would not lower inflation, because the price is the value of the product or service after it is completed. So increasing production costs will lead to inflation. Secondly You can't fix poverty because poverty is an abstract idea. To be poor depends on where you live. Poor people will never be rich because it is a mindset. Thirdly The U.S. has one of the highest rates of economic mobility in the world. Your argument that it only works for the rich has been disproven time and time again, qpparently you are too dumb to look. Fourthly Monopolies dont exist in the U.S. unless it is government owned. Fifthly No one is blaming workers for inflation although you need 2 percent inflation just to increase the workforce for new people. I would say you and people like you are the problem though. You voted for this and now you are trying to blame others for your poor policy failures. You like socialism so much move to Venezuela.

@johnd6389

Жыл бұрын

@@nicklang7670 Oh even if energy was self sustainable and its not because first law of energy. Even if it was profit would still be necessary, your pathetic understanding of economics is a joke and your absurd assumptions are laughable Do yourself a favor get a real education and stop parroting idiots on KZread.

Thanks for all you do though. Robert.

@juniorgod321

Жыл бұрын

Would you also thank him for being against affordable housing to be built in his fancy neighborhood because he doesn't want to live near poor people?

In general, Robert Reich is the best voice out there because he has focused like a laser on issues that the rest of the media (even most of the "liberal" media) don't discuss because they're multimillionaires and talking about culture wars stuff is much easier since it requires less homework. You can be 15, barely follow the news, never do the reading, and still have a "gut opinion" on it. ...In this video specifically, Reich breaks down a lie that has been told so much, I rarely even see it challenged anywhere other than the occasional guest speaker on MSNBC. Yes, wages have gone up (slightly), but that wouldn't explain why nearly everything at the supermarket has doubled over a few month period, especially since I see a much greater push to "automate everything" by having things like the self-checkout lines doubled over the last year. Customers are now doing MORE WORK, but the savings haven't been passed on to us at all...the exact opposite, actually.

What is most troubling in our current polemically paralyzed political puzzle is the disturbing fact that Robert Reich or someone as economically astute as he is, isn't allowed anywhere near the levers of power in order to effect the real change we need to make a difference! Thank you Robert, I'd vote for you in a heartbeat.....if only.

@qualityman1965

Жыл бұрын

I hate to break this to you, but he was secretary of commerce under Bill Clinton.

@pauleywallnutz9429

Жыл бұрын

@@qualityman1965 Don't hate. Everything in life is a learning curve. He's learned his lessons well, now it's your turn!

@qualityman1965

Жыл бұрын

@@pauleywallnutz9429 Maybe so, but when will your turn come

@pauleywallnutz9429

Жыл бұрын

@@qualityman1965 You just answered your own question! After you, Mon Frere~

@eaglechawks3933

Жыл бұрын

@@qualityman1965 and the guy who was at the helm when Clinton got his way and corporate CEO pay over $1m in cash become non-deductible as an expense. Guys like Robert Reich celebrated that as "CEO Pay Reform", but instead it CAUSED the explosion in CEO stock option bonuses that they complain about today.

I've been researching investment brokers and I'm really interested in working with someone trustworthy and reliable. With the recent market downturn I'm looking for a broker who can help me turn things around and make a profit Can anyone tell me about their experiences with any investment advisor!

So obvious and so ignored. Drives me frickin nuts. Robert is such a great instructor.

Mr. Reich, Your videos about corporate greed are SPOT ON! Keep them coming. And you present the issues in such an understandable way. Well done! We at the Women's International League of Peace and Freedom are working on this issue as well. Thank you.

@lauriesmyla5376

Жыл бұрын

I agree! Thanks

Thank you Robert ....

"Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods both at home and abroad. *They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.* " Adam Smith, The Wealth of Nations, Book I, Chapter IX

@garyandsandrahamlin872

Жыл бұрын

Why are high profits bad?

I’ve been trying to relate this very idea to other people. However, they will not buy it because they buy what business media outlets are pushing. It’s tiring. Citizens United needs to go away. Plus, the Fed needs to change its ways. You said it: “Measuring the right things.”

Companies that value workers workers as much as profits are better companies and the employee satisfaction levels increase profits as a result of better work provided and customer satisfaction.

@Navy35

Жыл бұрын

Companies don’t care! Especially ones that profits global. If your job can be easily outsourced or you could be easily replaced by insourcing labor. Why would a heartless corporation care about you? Though I do agree with what you said

@anonymoususer4376

Жыл бұрын

absolutely. and that's why companies that thrive treat their employees well. rather than complaining, people should just look for those companies to work for.

@Navy35

Жыл бұрын

@@anonymoususer4376 sadly those companies are less common

@anonymoususer4376

Жыл бұрын

@@Navy35 The vast majority of larger companies offer solid compensation packages. Many smaller companies typically can't afford to be so generous.

Workers earn low wages because American policy values wealth over work.

@johnd6389

Жыл бұрын

Workers don't earn low wages and this is one of the best countries for economic mobility in the world.

@carycunningham9510

Жыл бұрын

@@johnd6389 Mobility downward, you clown.

@Alan0000able

Жыл бұрын

@@johnd6389 as showed here, if adjusted for inflation, ppl wages are actually getting lower plus as far as i know inflation dosent cover prices of houses or rent that are skyrocketing for las years.

@johnd6389

Жыл бұрын

@@Alan0000able Not relevant and peoples wages have been increasing for years. Your tired and disproven talking point means nothing.

@johnd6389

Жыл бұрын

@@carycunningham9510 Economic mobility upward and all data supports this. Lol

Thank you for showing the real information behind corporate profits.

I just had a 2 minute conversation with a fellow citizen who exclaimed, "inflation from the higher wages", I explained wages increased less than 10% while corporate profits have increased as much as 90% since the 70s

@artpkaful

Жыл бұрын

@@Zach-ju5vi Do you see the decline in wages to productivity per worker. Fancy words hide the truth good, but profits over people is stupid and heartless. We need a new system.

@artpkaful

Жыл бұрын

@@Zach-ju5vi you sound like a perfect Milton Friedman robot. Definitions and arguments can prove anything when financed by profits. I've heard your arguments, I've made you're arguments, they are only arguments. Real talk, exploitation of people leads to suffering for the people. Constantly reenforcing capitalism and all the capitalist tropes and arguments will eventually lead to societal collapse. Corporations should not be viewed as people and profiteering and arguing for it is evil.

@brucebasile5083

Жыл бұрын

@@artpkaful Well said my friend but wasted on this channels corporate bootlicker, Zach.

@dag_of_the_west5416

Жыл бұрын

@@Zach-ju5vi be sure to line item expense the CEO's bonus and private jet travel into that product expense. Just explain it to the consumer you are passing those costs on to them.

Another great commentary!!😊

Good video Robert Reich. Will share on social media.

Mr Reich, I love your videos and the information they provide to a wide swath of the thinking population. As a visual artist, I also admire the drawings that you make to illustrate the points you are discussing. Do you sell them by chance? (not sure I can afford one) It is great to see someone break down complex problems using compelling visuals. Cheers to you sir.

I'd like to see this video as a billboard displayed (on a continuous loop) near US Federal Reserve, Congress, and every state city hall/capitol!

Thank you for all of your help, and the things you do for the benefit of others. Your great.

One of my favorite sayings is, "If you want to control something, measure it." So they measure wages frequently, but they don't put the same level of attention on corporate profits. And what happens?

@garyandsandrahamlin872

Жыл бұрын

What do you think the IRS does?

All good ideas Robert, but they are not going to let any of that happen!

Happy new year 🎉 Robert !!!!! Thank you for educating us all !

Dear Mr. Reich, you are a very rare and special voice, especially in the United States - a land of unfulfilled promises... I wish there were more people like you -

Thank you for all your hard work, sir!

Thanks Robert! Wish I had half your intelligence, energy and drawing talent 😄👍✌️

@johnd6389

Жыл бұрын

He's lying

@kwaynr1301

Жыл бұрын

@@Zach-ju5vi what are you trying to say here? That you have problems with math? Ok, gotcha. Thanks for letting us know.

@kwaynr1301

Жыл бұрын

@@Zach-ju5vi pardon? I'm sorry but I can't seem to make out what you're trying to say, or ask. Did you go to school? What does 'na' mean?

@Navy35

Жыл бұрын

@@kwaynr1301 isn’t printing money and adding to our deficit the cause of inflation and taxing your citizens?

@kwaynr1301

Жыл бұрын

@@Zach-ju5visorry, I don't speak toddler. So why didn't you just write 'no'? Are you trying to make a point, or just trolling? And did you go to school or not?

A cursory look at Trump's taxes gives an idea of the convoluted maze that is the tax system and the corporations hie behind them do they not? Paradise papers; that phrase should stand in history next to Pentagon Papers! LOL Thank you and Happy New Year, Professor.

thank god (thank you) that someone is talking about the truth, and not allowing the hype to go on without examination.

Thank you for facts and not the usual corporate blame!! Let’s learn and point the blame where it in fact belongs!! Thank you Robert.

Yay! Price controls! Especially during a national emergency like a pandemic that killed one million in two years and isn't finished yet. Freeze all prices and wages except minimum wage increases because they have lagged so far behind inflation for so long. You're my fave Robert.

@finddeniro

Жыл бұрын

Blood clots..?

@finddeniro

Жыл бұрын

@@Zach-ju5vi ...Discounting .. Supply Side

@alanhilder1883

Жыл бұрын

A price freeze and a corporate bonus freeze. Or just a windfall tax on excessive profits, if they can pump those profits straight back into the business then there aren't excessive profits. admittedly they will then automate and sack the workers, so add a redundancy clause so the sacked gets a pay out and the profits disappear.

@michaelcap9550

Жыл бұрын

Price controls were tried during Nixon admin. Disaster.

@longlakeshore

Жыл бұрын

@@michaelcap9550 The Nixon administration was a disaster.

I always have been told put a lie detector on a business channel , and you wouldn't make it out of room quick enough , before it exploded .

Robert Reich, you're a national treasure & you speak the truth. Corporate profit isn't even considered by critics of the federal government, & remains nicely concealed by government elements. Politicians profit, corporations bloat.

Raising the interest rate is harming the economy tenfold over inflation

Thank you as always sir!

Big corporate media has little interest in reporting on big corporate profits.

Excellent perspective.

Been telling my son all this for YEARS!!! inflation is corps fault, always has been.

@johnd6389

Жыл бұрын

No it isn't, inflation. Has nothing to do with corporations. Your son should get a real education.

@carycunningham9510

Жыл бұрын

@@johnd6389 The price-setting corporations have nothing to do with inflation? You are a clown.

@carycunningham9510

Жыл бұрын

@@Zach-ju5vi You should know.

@carycunningham9510

Жыл бұрын

@@Zach-ju5vi While you are waiting look up corporations, price-setting, and market concentration, because that's how.

@carycunningham9510

Жыл бұрын

@@Zach-ju5vi Also...Real wages are determined by the rate of increase in wages vs the rate of increase in prices. When prices in general are rising faster than wages; you have a declining real wage and therefore less purchasing power for the consumer. Wages rising faster than prices leads to rising real wages and more purchasing power for the consumer. Corporations set prices and when rising prices lead to even larger than normal profits - the corporations are price gouging. All the rest is noise by the corporate BS army meant to lead you astray.

Well said. Have been thinking along these lines for a long time.

Keep it going Robert!! Thank you for contining your wake up calls for the masses. I share them so others can wake up too.

They want you small and broken. They like it when you have no choice but to take their crappy jobs for the least amount of money possible.

It's a sad day when the phrase "Values workers at least as much as profits" needs to be said. When the dollar surpasses the value and priority of human life something is very wrong with society.

@aceous99

Жыл бұрын

there is a reason all the big business ware houses are worked by non americans inside and outside the country, they can get to keep most of the workers profits as well as over charge the public for their shoddy goods at home.

Thank you for still fighting against this. I appreciate you. I shared this.

I can’t decide what I like better, Robert’s cartoons or Katie Porter’s whiteboard.

Much respect for Robert Reich. Please don't draw an evil guy at the company window. A company is just a collection of people (yeah, even the workers... especially the workers). The evil guy in the company box should be a bunch of evil workers, investors, 401k plan owners, etc, who have shares of the company. Companies do not pay taxes. They collect them and pass them to the government as companies do not exist for the purpose of paying taxes. To solve most of the problems in the economy, switch to a retail sales tax and then no one goes to jail, no one can say anything is unfair, and everyone pays taxes proportional to their spending abilities. People like to claim that consumption taxes are regressive while ignoring that the poor don't have the buying power to participate in a regressive scheme because, for one thing they are poor and for another, they are already participating in a government tax regressive scheme called the lottery.

How is it that Wall Street doesn't demand these coporate profit numbers to make sure their trading is true and accurate? If a Corporation messes with their reported to investors "numbers" the SEC can come down on them like a ton of bricks, right? What did I miss here?

You certainly do have the best government of the corporations, by the corporations, and for the corporations.

Love it! I hadn't thought of it that way before. Duh!

Thank you. You are a good teacher.

Excellent analysis!!!!

@brucebasile5083

Жыл бұрын

@@Zach-ju5vi YAWN....ZZZZzzzz.....

But the Supreme Court Ruled that Corporations are people? Then why do they not get to special attention they need to protect our country? We need to be able to hold CEO's criminally accountable as if they co-committed the crime.

Indeed! Thank you for providing your time and energy in creating such a useful resource and teaching platform. Regards

Many thanks to Mr. Reich for such a valuable information!

Workers also get penalized for employers' causing inflation. It's the employers who are to blame by raising prices, but then the Fed takes it out on workers by trying to increase the unemployment rate, keeping workers wages down, and raising interest rates.

you present the issues in such an understandable way. Well done!

@MFJLabs

Жыл бұрын

@RBReich ... thinking someone may be comment bombing this thread with bogus whatsapp messages. (head shaking). Thanks again for all you do.

Ok, yes. I've heard you. Corporations are corrupt and should be heald accountable. You say "we should do this, and that..." but nothing you mentioned is anything I can do? Do you mean vote? Because that hasn't been working. Both sides are OWNED by the Corporations. What can I do? I'm living on the edge of poverty, and it seems hopeless. What can I do to help fix this?

@carycunningham9510

Жыл бұрын

@@Zach-ju5vi So he shouldn't listen to you, right?

@carycunningham9510

Жыл бұрын

The corrupt duopoly cannot be reformed. We need direct voter initiatives for ranked-choice voting and more parties.

@carycunningham9510

Жыл бұрын

@@Zach-ju5vi Oh yeah, you're a real "man of the people" all right. Go lick those corporate boots.

@EdwardSeatonSailings

Жыл бұрын

@@Zach-ju5vi please share. If it so clear to you.

@EdwardSeatonSailings

Жыл бұрын

@@Zach-ju5vi its not that I disagree it's that I still don’t know what I should do. I'm tired of folks telling me what I should or shouldn't be upset about. Being upset is not helping.

OMG. You are so right. I have been screaming for a monthly profit report by sector from the BEA

I look forward to your videos. You have completely flipped my way of thinking. I was blind, but now I see! Thank you, thank you, thank you! Change is scary! I'm 55 and I look forward to using the new lens I am seeing through!

This is so good! Thanks

Thank you for giving your time to enrich the lives of others 😊✌️

Thank you Robert.

Thank you! Shared!

Growing monopolies create inelastic markets for both consumers and employees (wage monopsony power) which also contributes to regulatory capture against government agencies leading to even less price controls. Some countries are so desperate for a transnationals to set up in their location they're ignore the transfer pricing and other tax evasion problems. Profit maximisation means the value of the rewards of free enterprise in capitalist markets are skewed to shareholders and not workers whose wages are seen as a threat to profits. As goods are inelastic in monopoly markets workers are forced to pay more with decreasing incomes.

My family owned a coal and ice, heating installation, heating oil, and bulk haulage Co. for just short of 100 years. When I was 11, my grandfather had a plaque on the wall,"65 years of cordial business relations with the Eastern Standard Oil Co.", which was in the same business. They would sub-contract haulage and 'yard moves' to us . But, also did what we did. Then, in the late 60's an anti-trust law made them divest out of that aspect of the business. I asked my dad, "Don't they do what we do anymore ?". His response,"The government stepped in son, and made them divest out of that aspect of the business to level the playing field for smaller concerns like us. AND THAT SON IS GOOD GOVERNMENT ." The JFK administration. Ahhhh, where is that GOOD GOVERNMENT NOW ! ?

Nice job with this presentation. Additionally, your ability to draw and the creativity of the drawings enhance your message. Thank you.

Great video.

First time watching you, this is very informative. I have been scrolling through all your videos. OMG, it is a buffet of information. New to this kind of thinking, but excited to learn more.

You rock Reich!!

Outstanding Presentation !!!

Thank you so much for giving g us your I sight & knowledge Always GREAT!😊

Love you Mr Reich!

Good educational video, the recent interest rate increases is also aimed at decreasing the strength of Labour, in the last two years worker at Starbucks and Amazon formed Unions, I would guess both companies have their lobbyists working hard in Washington DC to get some thing done.

That is exactly 💯 why we need more people in the IRS to make sure biggest corporation will be held accountable for profits and other things they do. Like not paying any taxes at all.

Interest rates are going up, except if you're saving money. They don't need our money to lend out, they just print that. We are krill for the Wall Street whales.

One of the first things Bush II did was LOWER THE CAPITAL GAINS TAX. Which helped bring the economic collapse of 2008. It also aided in a mass Exodus of us corporations... Corporate owners selling their companies to overseas interests in order to pay minimal tax... And giving away us jobs in the process. Raise the capital gains back to where it should be and you will have corporate owners keeping their money in their business and growing it creating jobs here in the US. Always remember corporations are not people... And the role of government is to control the corporate beast. Right now we see the arm of the corporate beast disrupting our government and creating delay and interference with the business of government.

1000% spot on

To big companies their workers are the problem,how can we make more money with less of them ? We need to maximise our greed. Pay them with food banks and homelessness.

REALLY wish I could like this more than once!!! (so I'm leaving this note)

Great video and video series. I'm genuinely curious what things we might do to combat this money/power situation. Is it... - go to state capitol to talk to Congress person (is that an option for normal people - genuinely don't know). - vote for candidates who support this view. Are there candidates not full of BS that actually serve people (not corp lobbyists) and is there a way to tell. - create a website that begins reporting factual stats and trends incl. Corp profits. - can we identify which companies, specifically, are raising prices for profits and not cost so consumers can boycott?

Want to reduce "job hopping"? Stop with the 401k's and offer solid pensions that can't be raided to pay stockholders in an economic downturn.

Hi I just want to say thank you and you are a hero. You actually get to the meat and potatoes of things in stead of blowing a bunch of smoke up our collective you know what.

Well said!

Speak truth Robert!

Please run for Senate

Any chance that you're in the market for an assistant? I have been a fan since the 90's and can't thank you enough for those years of prosperity.

I’d love to see the people who complain about minimum wage going up try to live on it.

Helpful information. Thanks

I like your artistic skills Robert

Well said.

These videos are great. One push back I have is about price control. Doesn't that tamper innovation and the free market? But I definitely agree with a windfall tax.

Robert Rice is one of the best and the reason is he doesn't work for any news corporation that tells him what to say and what not to say he tells the truth and that's what you want so you it's good to listen to him I mean he's really good at what he does remember when I was negotiating contract in the trade show industry I had a guy help me out his name is Harry paulin gave me a lot of good advice on the pensions and wages he knew it he knew that like the back of his head he was in was smart as a wiz he started out in the 60s 70s and 80s he did all the pensions and hourly wage and contracts for the teamsters he was awesome he was in the West coast but I'll never forget talking to him for months and months and months I was introduced to him by another Teamster labor organizer business agent who always told me ever getting a bind call Harry pollen and he was right two guys I listened to Harry Potter and Robert Rice I'm retired Chief Stewart of the trade show division in San Francisco local 85 they called me the chief chief Stewart

Great video as usual Bob, but preaching to the choir...we need changes as you've described, so far not happening. Maybe 2024 will be the year?

@brucebasile5083

Жыл бұрын

@@Zach-ju5vi Spewing the usual MAGA sycophant prattle huh Zachoff?