Everything You Need to Know About the New Economy | Robert Reich

Robert Reich explains how the modern economy really works and what we can do to expand economic opportunity.
Watch More: The Monopolization of America ►► • The Monopolization of ...

[@arealhuman826]

Your channel is vastly underappreciated. Keep it up Robert, the country needs more like you.

[@NancyinRedHeels]

On a different side note, I am genuinely impressed by Prof. Reich drawing skill

[@MaiTran-fn6jw]

NancyinRedHeels I was thinking the exact same thing.

[@smoog]

I love his voice. So soothing even when he's telling uncomfortable and scary truths.

[@bastooo3]

creative people are very often progressive thinkers...

[@granudisimo]

It's like watching Prager, only the old white guy is a good man making sense, and with original art and animation instead of some cheap, stock infographics. Subscribed.

[@granudisimo]

@@bastooo3 tell that to the "conservatism is the new punk rock" croud...

[@LuckyDogProductions]

Do not forget - the cost of a HOME went up 500% from 1999 to 2006 because of BANK inflating the cost to sell CDOs, thus making everyone broke.

[@PatrickBaptist]

Banks are for the stupid. Why would anyone want a "mortgage", that word literally means "death contract".

[@LuckyDogProductions]

@@PatrickBaptist Just a box of wood to fleece the crap out of EVERYONE

[@LuckyDogProductions]

@@PatrickBaptist No shit! really. You think they would pick another word that does not mean we are taking you to the grave.

[@danielbtwd]

@@PatrickBaptist well for most people it's the only way to raise the money to have a home.

[@PatrickBaptist]

@@LuckyDogProductions Yup. And then when you get crappy neighbors you get stuck with it like cancer.

[@666Susie]

When I was studying economics in college (it was my major) Robert Reich was Sec. of Labor, before leaving to take up his post at Cal. (UC Berkeley). To me, even in grad school, he was a "rock star" among economists. His lectures are so concise and "watchable", that they should be req'd viewing/reading for anyone wanting to know what's going on in our nation and our government. I really regret that during the Reagan Administration, I was working on Wall St as a banker (one of the "honest ones"), yet could see that the winds of change were ramping up in speed and strength. The absence of any attention paid to the huge monopolies being formed, the breaking of unions (the Patco-air traffic controllers union was one of the first) put the nation's flight routes in danger from over-worked and tired people in the towers. And that was only the beginning. So when are the powers-that-be going to start enforcing the anti-trust laws??? Those monopolies (in a nation that idolizes "rugged individualism", no less) are harmful to the middle-class, which, as Dr. Reich reminds us, is at the core of our democratic society. What happened???

[@Aikidoman06]

Seriously! He was fired by Clinton if you remember, but this vid didn’t age well. He’s so wrong it’s ridiculous. He’s no longer trying to be an economist and just focused on being a paid democratic mouth piece.

[@evilfingers4302]

Getting rid of Citizens United is an excellent start

[@justgivemethetruth]

It's been almost 20 years ... I'd say the Right-wingers have the country strung up by the short and curlies

[@williamwells835]

. . . and getting rid of commercial free speech, in general.

[@homosapien0000]

@@williamwells835 agree it is disaster. Is not regulated like it is written in law.. they can say misleading things all day with little to no oversight the sad thing is many people believe anything they hear.

[@debrataylor3539]

Evil Fingers getting rid t rump is the best and first we should do dump t rump 2020 pass it on

[@MrJJSacks]

The best path to that is an amendment, and since Congress is highly unlikely to get the 2/3 needed to propose an amendment to deal with Citizens United vs FEC then we have the limited Convention, and most organizations fighting money in politics agree it's a good idea to use the Article V limited Convention, Common Cause does not, they've been misinformed about the realities of using a limited convention. Even so the rest of the major players and Americans agree it's probably the best chance we've got Wolf-PAC.com/unity

[@grandwonder5858]

Forget his intelligence and understanding of government, I’m simply impressed by Mr. Reich’s artistic talent!

[@Bob-321]

Robert is a true American. Thank you

[@tecwynjones6532]

This is brilliant! More people, especially conservatives, needs to watch this. I wouldn't mind having this guy as my prime minister (I live in the UK).

[@chrisp7110]

I agree.

[@ladyjatheist2763]

whoever (dem or progressive) winds up the frontrunner would be brilliant to court Robert Reich as economic advisor.

[@aking3624]

Yes!!! 😃

[@amyjones2490]

Hes been there and done that

[@oldfogey3272]

Lady Reich was an economist in Clinton's administration! And Clinton ended up with a cash surplus! No surprises here!

[@ronniebaker4549]

@Keith Vest stop sniffing glue

[@granudisimo]

@@ronniebaker4549 Clinton ignored him and passed the Welfare to Work program, that failed to accomplish everything it was set out to do. Maybe you're the one who ought to sniff glue to help you quit meth.

[@cbarcus]

Reich left out a key piece of the economy: energy-economics. Almost no economists cover this aspect, and yet it is absolutely vital for climate mitigation and improving the quality of life.

[@michelekett8450]

It will happen, and is in individual homes all over the place. We must push for it though. Tesla’s dreams will come true, and we’ll have a pollution free power grid.

[@tomlxyz]

But it doesn't really conflict with the solution in this video so no reason to add it in and make it needlessly complex

[@cbarcus]

@@tomlxyz The matter is complex, but not needlessly so. It also changes everything.

[@cbarcus]

@Keith Vest The energy solution is what will stabilize and expand the middle class.

[@1p6t1gms]

I love that Whiteboard, brilliant, today's economy explained so everyone understands it immediately.

[@Leivve]

You can teach a highschooler quantum mechanics with a small visual aid, and a well worded delivery.

[@thepolymathbroad6489]

kzbin.info/www/bejne/Y4nKlad-mtx6iJI

[@christianlibertarian5488]

That whiteboard explained nothing. It did re-iterate what he said verbally, but offered no mechanism.

[@1p6t1gms]

Hey, comment section, did you watch “The Monopolization of America.” Robert uses a white board here as well, come to think of it he uses this resource effectively on many of his uploads. Go for it and watch a few videos until you learn something from his intriguing way of communication.

[@jamesmedina2062]

Christian Libertarian Yes it does explain the various mechanisms in action. You must be selectively watching for only certain thing?

[@NibblesTheNibbler]

I learned everything Professor Reich said in this video, and most from his other videos, while studying political science at the university. And all that knowledge, along with many other things I learned along the way, is why I went in to college a die hard libertarian and emerged as a staunch progressive. Education provides more insight into the issues; makes you confront your biases; takes you out of your echo chamber and pops your isolated intellectual bubble. I was stubborn for the first couple of years, but class after class kept shooting holes in the arguments and policies I once championed until I could no longer defend or support them. It's frustrating knowing this stuff while knowing that most people have no clue about it and are often very stubborn and set in their thinking, while being reinforced in their echo chambers most of the time, and thus refuse to learn something new and challenge their views. It comes as a relief to see things like Prof. Reich's videos that make it easy for laypeople to understand. And btw, no, college wasn't an indoctrination camp of leftists making you see their point of view. We were presented with both (or many) sides of every issue, as well as their pros and cons from critics and supporters. And I didn't get low marks on papers and assignments when I still held my libertarian mindset. As long as you can make a solid argument in a well written paper, you get good grades; regardless of your viewpoint.

[@theQuestion626]

I saw the merits of the Libertarian philosophy on certain concepts such as individual liberties and the like but the philosophy fell to pieces when it came to political policy and economics.

[@NibblesTheNibbler]

@@theQuestion626: Even a lot of the individual liberty aspects fall apart under scrutiny. Libertarianism is all about negative rights and liberties. They don't give much credence to positive rights and liberties because most believe that those require coercion to achieve. But it's awfully hard to live a "free" and fulfilling life when the deck is stacked against you (economically, socially, politically) as is the case for most minorities and the working poor in this country. It's also hard to pursue a free and happy life when you can't obtain good and affordable health care to make you a healthy and productive citizen; or if education and training is often exclusionary for a large portion of the population, thus not allowing you to be competitive in the labor market; or if child care is so expensive you either can't afford it and thus can't work to better your situation, or you do pay for it but now are nearly broke and must forego other necessities in life like nutritious food or decent housing and clothing; and many other examples of the fallacy of individual liberty under the libertarian rubric. Life, society, economics and government are too simplistic and fantastical in the libertarian philosophy. It doesn't hold water in the real and complicated world we live in, plus I think it denies or ignores major aspects of the human condition (greed, selfishness, a lust for power, complacency, personality types, etc.) and life in general (i.e. that bad shit happens in life, even to good and industrious people).

[@sassy0010]

@@NibblesTheNibbler Your education has made you an excellent citizen and well-rounded human. I wish you the very best.

[@darrenk7163]

Why should low skilled workers be subsidized by skilled workers

[@joansnow4013]

Thank you so much Mr. Robert, I appreciate them so much. You say it so even this ol woman can understand. If I were younger, I would run for something. Reality Winner was a whistleblower, she was sentenced to 5 yrs in prison.

[@thepolymathbroad6489]

kzbin.info/www/bejne/Y4nKlad-mtx6iJI

[@minutesagoedited9761]

there are zero females on the internet....shooo

[@MiddangeardesWeard]

@Robert Indemarugamba While I do love many of Andrew Yang's progressive ideas, he is unelectable in 2020. We need a candidate that can command the support of a large enough portion of American voters to resoundingly defeat Drumpf… and Yang is assuredly not that person. Sadly, America is just not there yet. 🧐

[@hidi__]

I am really glad I found your channel, for a long while I have felt completely hopeless about being able to do anything to help fix issues that are affecting the world. I felt extremely depressed and stressed about political issues that I felt I couldn't do anything to fix but stand and watch. Seeing your videos gave me a lot of hope, it gave me the optimism I needed to hear amidst everything that's been going on. Thank you for the work you're doing, it means a lot.

[@kenplant91]

"Don't let the moneyed interests divide along racial and gender lines." (I'd also add cultural lines) Exactly Robert!

[@christianlibertarian5488]

So, the Democratic Party is working hard to divide us along racial and gender lines.

[@kenplant91]

@@christianlibertarian5488 Many of them, yes. They are just 2nd tier to the "Big Money" interest groups calling the shots. The more infighting and distraction among constituents, the easier it is to conduct business.

[@kercchan3307]

tell that to the democrats

[@soberanisfam1323]

Wahl st. Ownz both parties.. But keep propagating this distracting dichotomy

[@DavidWildgoose]

@@christianlibertarian5488 Exactly!

[@txemanovelo]

Robert Reich, I am your biggest fan in Mexico City! My father is a Keynes economist from the National University, I wished your content could be subtitled in a few languages! You will be surprised of how huge your reach worldwide is!

[@666Susie]

Glad to hear my "favorite economist" is liked in other countries! I'm a [retired] Keynesian myself.

[@sassy0010]

@@666Susie It doesn't surprise me in the least. In most countries, the good professor would be considered a centrist, at best. Here in the US he's looked at as a leftist.

[@stephengross6491]

Bravo! Robert Reich, and thank you. This is a powerful plan to fight the Corporatocracy and bring back Democracy.

[@thedadyouneverhadchannel3544]

Stephen Gross the uSA is a Republic not a democracy BIG DIFFERENCE.

[@NibblesTheNibbler]

@@thedadyouneverhadchannel3544: All "republic" means is that power is vested in its citizens instead of a monarch; which is the case for the U.S. So, yes, we are a Republic, but that's not all. Do people vote in this country? Yes, they do. Hence we are a democracy, too. People vote for representatives; they vote on referendums; etc. Democracy is a very broad term that covers many forms of civic participation: voting, redressing grievances, etc. Too many people that pull out the "republic" comment are focusing on Direct Democracy, which we aren't (well, most of the time; referendums, initiatives, and recall elections are forms of Direct Democracy). For the most part we are a Representative Democracy where we elect people to carry out public policies. So, we are both a Democracy (broadly speaking or a Representative Democracy more specifically) and a Republic.

[@chuckwilliams6261]

@@thedadyouneverhadchannel3544 lol, Dudeman saw your pedantic quip and raised you,

[@michaelanon1968]

Scotty BoomBoom McGulliKutty < Democracy is rule by the simple majority, no matter if it 51/49%. Democracy is no panacea, but a soft “mob” rule.

[@motoxbuddy]

it wouldn't be a soft mob rule if it was 90/10% for example, your republic is set up by the founding fathers to guard against that.

[@OscarFussa]

All nations need to follow this advice

[@TimBradleyFromOz]

The first goal has to be to teach people about the corrosive influence of money in politics - something you do well! Bravo.

[@alanheyes694]

Keith Vest Lobbying is un-American.

[@jamesmorton7881]

UNDER CAPITALISM, EVERY PENNY OF A BILLIONAIRES FORTUNE IS A PENNY OF UNPAID WORK THAT SOMEONE ELSE PERFORMED. Capitalism is based on freedom ? Capitalism is based on on money and failure Wealth is fueled by debt, and debt grows faster than the economy. When I have asked a few simple questions of the investor types, not a single one will answer my questions. This leads me to believe that A) they never even looked at how capital gains are generated, or B) these investor types are perfectly willing to siphon off the wealth of the bottom 90% or get bailed out by the U.S. Treasury in order to get capital gains. Either way, capitalism is not the great freedom giver and poverty annihilator that the propaganda makes it out to be. Here is how I addressed my unanswered questions to investor types: For those of you who are commenting one way or another on the merits of investing, I would like to ask a question or two. When the sum total of financial assets ( "investments" ) in the USA top $90 trillion and the economy as measured by GDP is around $21.5 trillion, how do "investments" make 6 to 7 percent while the GDP only grows by 2.56% annually? With wealth being larger and growing faster than the economy, how does the economy pay off the dividends wealth earns?

[@whatisahandle221]

@@jamesmorton7881 -Good point… 🤔

[@whatisahandle221]

@@alanheyes694 - ~lobbying IS American: The right to talk to you representative, voice your opinion in the public “square,” to have vigorous debate, to advertise your beliefs (respectfully), and to even protest are critical, central roles in American ideology Monied, influence pedaled, and revolving door lobbying, on the other hand, is the problem. If political leaders give much more credence to those who walk in their door with thousands or millions in checks, that is legalized corruption.

[@neilanderson891]

@@jamesmorton7881 May be this will help: GDP measures the "retail value" of what's produced (and sold) in the US economy in a given year, roughly speaking. Profits usually result from creating a good that greatly benefits people, like the iPhone, valued for instantly connecting people anywhere. Profits don't appear effortlessly. iPhones are expensive, but are produced using the cheapest available parts and labor, from around the world. Some products are not yet profitable. Dividends/Profits - Not all companies pay dividends. Not all companies are profitable. Tesla isn't actually profitable, and doesn't pay dividends, but lots of investors see a bright future for Tesla and bid it's stock up to a high valuation. They may be disappointed in the future, as competition intensifies in the electric car market. Financial assets: Stocks are valued by their future expected cash flow, profits, or dividends, discounted to the present. Stocks like Tesla are valued by what-ever investors expect it's stock to be worth in the future, discounted to the present. Bonds are similarly valued by their bright (or dismal) future, i.e., expected future interest payments, discounted to the present. Conclusion: Wealth is based on a judgement call of the present value of future expectations. Population growth, political stability, scientific break-throughs, the discount rate, etc., are some of the many factors in the valuation of the present value of a stock or bond.

[@tomdegan6924]

His video essays are priceless. He is a national treasure.

[@brianc8821]

See, America: this is actual leadership. Reich 2020

[@Hawijack]

Robert Reich would make a great president!

[@pamminer6000]

@@Hawijack That is what I just said. But the right wing has all the gerrymanders going, and they Never compromise or give the rest of us the benefit of the doubt. They lie, cheat and steal to stay in charge.

[@Soleilune1995]

Bernie Sanders is pretty good too.

[@khronos142]

hes said multiple times he would never. He has advised so many WH administrations, he knows how bad the job would be.

[@gordonallen9095]

The plutocracy of this country would take him out if he did. EVERYTHING he represents is a direct threat to their power structure. As long as they can keep people divided by race, party, and the ILLUSION of class, their dominance is assured. The plutocracy's biggest fear is that Americans will stop looking at each other as a "threat" and come to the collective realization that plutocrats and oligarchs are the REAL reason they are suffering. A few people are sitting at the "rigged" economic banquet table feasting, while the rest of us ignorantly fight over crumbs. This is America in the 21st Century.

[@AndreasDelleske]

Dear Robert, as a German I thank you very much. You are one of the very few people who have the correct overview and are so talented to say the most important things in a most eloquent and humanist way. Please come and be our next chancellor if the US don’t recognize your value :)

[@Junior_Rocky]

This is what ACTUAL leadership looks like!

[@yoyoyodaboy]

“Talk about economic in terms of political power.” So well said.

[@CG_Hali]

Another great informative video. Thanks to the whole team. Love the new graphics and animations.

[@uilium]

Noble Reich, I wish I was was as terrific as you. It's wonderful how inclusive you are of all of America and not just the people you agree with.

[@brenthollady]

I've missed you so much! Thank you for making this video Robert. You're information has helped me explain us economics to my fellow (Union) road commission coworkers! Please keep making videos if nothing else to help me teach the history or unions and economics.

[@fredericrike5974]

Hollady Drones Having done the Union thing, and being fully up to speed with the accidents and disasters that presaged the US Union movement. It is sad to see, but many off those trade unions have been more and more supportive of Republithugs in southern states and elsewhere but the last couple of decades have been about personal power- several of my trades unionists are sitting in the Texas Lege, voting with the RepubliCons who run the joint. Proff. Reich is also telling us that we need to make some deep decisions, we must walk arm in arm, to achieve this; I'm 67 years old, born in the south, raised in the south- I somehow miised the curse of racism, but am marred by it's existence every day- we all are- but it is coming closer to the Knight Riders of the '50s & '60s with each passing week. We have to quit buying into the divisive poison too many pols on both sides are spreading. Good Care, Good Luck and Vote!

[@purplenights1]

I would remind you that most Americans are opposed to mandatory union memberships. This was another stand on which Trump based his Presidency, the right of the worker not to have his pay taken to support an organization he may not want to belong to or associate with, and another reason why he won.

[@fredericrike5974]

@@purplenights1 I don't disagree with your statement re mandatory dues: that said, modern work rules. ie the 40 hour work week, overtime pay, disabling employers mandatory overtime- all these things and many more are "fallout" from unions. The sad state the union movement has become is why they have lost the faith of American workers- but they, like every complicated, large, old bureaucracy have become distant to their original stated goals, and corrupt would be an apt word to describe many present day officials today. The unions had a huge place in the growing of the middle class virtually all economists claim as the real power base of the American economy- I find it sad that they are so broken - I don't find their state one I any longer care to be apart of, though I and many of my relatives have been union members.

[@jhoang861]

Robert Reich for PRESIDENT!!!

[@b.terenceharwick3222]

Speaking Truth to Power videotaped in a manner easy to see. Beautiful to anyone who has not already checked their minds at the door.

[@MusicIan423]

Even better, it's speaking truth to the people, who haven't yet realized their power. It's empowering the countervailing powers.

[@thepolymathbroad6489]

kzbin.info/www/bejne/Y4nKlad-mtx6iJI

[@noirto2]

though it feel like republican gop took all these point and went opposite way.

[@MusicIan423]

@@noirto2 this is why it's important to speak truth to PEOPLE much much much more than power.

[@uilium]

Yeah, he's so inclusive of all Americans and he is not angry at those he assumes are separate from him. He would NEVER dream of dividing us into us and them. He hasn't jumped on a bandwagon at all.

[@Springy_arts]

Your videos are golden, Robert… so clear, so precise, so timely - you’ve hit the nail on the head with this kind of honest, engaging content.

[@akbarallardfreichmann2938]

Work together, listen, ask questions make notes. Fight corruption and greed.

[@jayski9410]

Robert, your "cocktail napkin" approach to complex issues is very enabling. This particular video should be required viewing in every high school. Students shouldn't have to wait until they get into Berkeley to hear your wisdom.

[@facitenonvictimarum]

Professor Reich, *please* run for president! I can't think of a better qualified person in America than you. Nor a more mature one... nor a more morally sound one... nor one with a better mind. Your county needs you, don't let us down -- please.

[@DrunkenUFOPilot]

He'll get my vote, and it won't matter what party he runs with or if he goes independent.

[@mtden4202]

No he shouldn't. Professor Reich has a greater impact teaching the American people. It is up to us to take this knowledge and use it to reshape the United States. Those who are qualified running for local, state and federal government. If we are not running, working to get the qualified elected. The President is only one piece of the puzzle. Conservatives understand this and have worked diligently on local and state governments. To right this ship it will take 20+ years of hard work and voting in every election. We cannot afford to continue to have a purity test every election just move the needle.

[@facitenonvictimarum]

WRONG! That's all pure idealistic bullcrap that means *NOTHING* until we get rid of tyrant Trump, and Robert Reich is our best way of doing that! And forget the moving the needle for twenty years BS, that's what those bastards want to hear; we have to save the f···ing county *first.* You have to save the university before you can teach in the university. And to say Professor Reich has a greater impact teaching than he would as president is ... I'll be nice and just say outrageous.

[@mtden4202]

@@facitenonvictimarum Then you do not understand how this country got where it is at and no matter what I say will change your mind. The Presidency is just part of what needs to fix. Congress needs new members that have the ideas as Professor Reich. State governments need to change so we can protect voting rights with a constitutional amendment. The President is just one problem. The ballot box is where we will make the largest impact. Support those who have the similar values. Just vote!

[@facitenonvictimarum]

@@mtden4202 Enough of your arrogant disrespectful preaching Mike. I know more about my country and its government than you -- and did so long before you were born and have been voting much longer than you. What's more, your defense of the status quo seems very suspicious at best. I'm not even sure to whom I'm speaking nor what your motives are, your channel doesn't show much. So just go vote and quit trying to act superior when you're not. Try that crap on your kids.

[@a0um]

Finally someone saying that *free* market exists as much as unicorns.

[@GR-ji9fw]

Wise man, Professor Reich - thanks for the info. I share the links to this with others and when I comment on other sites.

[@tomlxyz]

A rare example of a KZbin video about the increasing wealth gap that doesn't just show the problems but gives practical solutions to go about it

[@KennethJLave]

Magnificent video, Bob! The first half sounded like reading from a really good history book.. Talking about the need for progressiveness due to increasing skills/wage gaps. And the back half.. Talking about strategies that'll guarantee basic equalities are re-implemented, so to assure unbalanced power is countervailed.

[@DeeEll86442]

Mr.Reich, you are such a smart man. Why aren’t you doing what you just told us to do? Why aren’t YOU running for office? Running for President? I think you would make a great President. Who else agrees with me?

[@666Susie]

I'm afraid that Dr Reich has no interest in running for office. Perhaps Chancellor of the University of California system, but as much as I'm sure people have begged him, he won't do it. Sad.

[@emekao]

#5 is such a huge point. If you allowed unions and unions demanded/negotiated better wages,... you wouldn't need to raise taxes on the rich, to give to the working poor! If you didn't had stronger Anti trust laws that didn't allow companies like FB and Amazon buy up all their competitors, then there would more 'winners'. And yes, the whole thing would be less efficient (less economies of scales) but by that thinking the most efficient system is a monopoly (or close to it) and we don't want that either... efficiency is good but the most efficient system is not the goal. We want the most good for the most people.

[@PeterAuto1]

I don't think a monopoly is the most efficient solution, because they don't have any need for Innovation

[@fritzforsthoefel8031]

You want an innefficent economy typical democrat thinking

[@mikescott4007]

Robert Reich for president you have my vote!

[@mrfuzztone]

Thanks Robert Reich for the great informative presentation. There are many progressive channels on KZbin. They need to be a united force for good. I would like to see top economists get together and analyze proposed efforts such as the Green New Deal and Medicare for All regarding cost facts and benefits. How about starting with people like Joseph Stiglitz, Jeffrey Sachs, Mark Blyth, Richard Wolff, James Galbraith, Stephanie Kelton and others. Can you get them to do something together?

[@whatisahandle221]

Yes: I’m tired of political leaders, journalists, bankers, Wall Street speakers, and even us everyday folks speculating to ourselves about economics: we need panels of economists getting asked tough questions from small & medium business leaders, small & medium city managers (or maybe a few politicians), and everyday people.

[@arich20]

Thank you for the recommendation list!

[@Zico10101010]

This man's words and ideas are pure gold.

[@tracmap9231]

I truly love listaning to Mr Reich. Maybe he should run for POTUS. ; )

[@marlaleemouse]

Robert Reich's videos should be taught in schools.

[@NotHPotter]

Wait, you mean using the DJIA and other stock market indices as a stand-in for the economy as a whole particularly as it relates to the average American just obfuscates the reality of what people are experiencing? You don't say....

[@kesmeby]

How is it possible Robert Freaking Reich has been putting out videos for 3 years and KZbin is just now getting around to telling me about them? I don't always agree with you Rob, but your voice is one I'm always very glad to have out there keeping people thinking.

[@JohnBarlowMovies]

Another well made, concise, educational and inspirational video from Mr. Reich. Thank you!

[@yasmindemoraesramirez6538]

Why didn't I find this earlier in my life? The best 12:34 min ever spent.

[@iainmackenzieUK]

Mr Reich: I would love to see you in discussion with AOC. In particular to discuss the range of examples of leadership you mention here and the experience of activating groups. Thanks :)

[@gordonquigg9389]

Ok, this is what I was hoping for. The steps to the solution. Mr Reich, you are a genius, we need more people like you.

[@darrenk7163]

Robert Reich leaves out the fact that low skilled workers account for very little of the productivity that has occured over the last forty years but yet Reich wants to raise there consumption levels beyond there productivity

[@jones1351]

Great videos. In the military we had the acronym K I S S (keep it simple stupid). The graphics and animations go a looooong way in conveying your very important message. Keep it up.

[@huriking7234]

This is soo close to promote socialism..... I LOVE IT

[@kellybaumann1450]

Why can't we have a real President like him?would be nice.

[@ButtMcDuck]

He'd work with us and for our best interest, rather than just controlling us like others and allowing the best possible "scraps" to slide our way as a result of making the rich get richer.

[@johnvincenti5805]

Robert Reich, you've have always been right on the money! Fan of yours from way back!

[@toniagarcia3247]

Bernie has been talking this talk for 40 plus years. That is why i support him.

[@danielarjona440]

Me too but i think yang 2020 have a better picture on what the future is heading

[@EvilSmonker]

Bernie has no idea how the economy works. Bet he has a nice liberal arts degree.

[@Azknowledgethirsty]

@@danielarjona440 yeah, bernie is againt globalization and a fair market, he advocates for redistribution rather than fairness which is wrong, however im not that informed in yang

[@danielarjona440]

@@Azknowledgethirsty bernie is not against globalization wtf are u talking about

[@Azknowledgethirsty]

@@danielarjona440 he is against open borders, he just said that there is "too much poverty in the world and that we cannot let them all in" He obviously cares more about America than about the rest of the world and we need someone who thinks one person is as valuable as any other That's why I'm not happy with him

[@alexbond9439]

Mr. Reich has to run for presidency!!!

[@aaronwebb8616]

Thank you for this valuable information.

[@maggielapensee1619]

Everyone should subscribe to Robert Reich’s videos...so on point!!

[@ernestlane]

Publish the graphics for download.

[@gordonquigg9389]

This is the most important video I have ever seen. It should be required in all schools and colleges. Every citizen of the USA should watch this. And it should required for all incoming immigrants to watch in order to become a citizen.

[@Frostfly]

There are no unskilled jobs. Only jobs that don't require school

[@benjaminr8961]

No there are plenty of unskilled jobs.

[@Theundertowfilm]

I can watch his videos forever. How are they not teaching this to Americans across the board!

[@geoffdearth7360]

What I find surprising is that DJT masquerades as a super wealthy person even though it seems he may not even be wealthy. We don't even know if he is above water.

[@wendyscott8425]

After all the lies Deceptive Donnie has told over the years, you're surprised about this? I'm not. He's a terrible businessman. With his hideous and fraudulent practices, I would be enormously surprised if he were wealthy at all.

[@wendyscott8425]

@Patsy Stone I wouldn't be at all surprised. I hadn't thought of that. Of course, I don't tend to think that way in the first place so that should come as no surprise. ::sigh:: What a world.

[@jerryj.2346]

What a great service to this country. This is the discussion needed in America

[@felixrudkin8202]

Andrew Yang has entered the chat

[@withfootnotes]

Happy for that! Hope he will be given the chance and not pushed out.

[@sethabdul7824]

He isn’t a politician.

[@alanheyes694]

Theresa Champagne Don’t elect wealthy businessmen. They are out-of-touch. Including Yang. Plus he wouldn’t know what he was doing.

[@alanheyes694]

Seth Abdul You need someone with political experience, integrity and next to no compromise. You pick Bernie. Bernie would know what to do as soon as he entered the White House. And he’s friends with Robert. So there ya go.

[@1aikane]

Every American should subscribe to this channel and watch every video. Great work Mr. Reich

[@ALLMUTANTER]

The EL-ite families of the world (east/west) fight through economics, we are all just spectators

[@huthayfa1723]

Even though I don't agree with some of what he said. A huge work and effort has been done in this video and I appreciate it.

[@lp8969]

I love your ideas Dr Reich, sadly if you believe the powerful will just give up their power then you haven't learned from the last century. Social justice gains made in the last few decades are nothing to the powerful - but go after their place in society and you'll find yourself in a brutal fight. A bigger discussion on how the powerful fight back is merited.

[@c3r6s9]

i love that you go into the basis of praxis without all the jargon that tends to turn people off. just simple, step-by-step instructions to building a better society. no scary buzzwords. genius.

[@patrickcallahan2210]

I agree with many points you make! I do think that there should be some distinction between those who are wealthy due to some stroke of luck/skill or being in the right place at the right time and the ones who are born into the wealth and have just assumed that everything they touch is golden. I think that the ones who faced adversity and lived through some existential struggle have a better/healthier perspective in knowing that what they have is not just the fruits of their own labor. I also question whether the hubris some people exhibit is a grand delusion of their own devising to cover up for the inadequacies they face in the mirror each day.

[@joevignolor4u949]

This is one of the reasons why societies have traditionally had large estate taxes to prevent large amounts of wealth for transferring between generations. If you don't tax inheritances then the wealth gets too concentrated and a type of rot sets into the society after a while. You end up with just a bunch of spoiled rich kids running everything.

[@tracyobrien2816]

Thank you so much Robert Reich, for all your free and very educational videos. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@Mars-bl1ty]

I noticed that this came out on April fools day , how appropriate!

[@theblackhole05]

That's scary

[@JDVmusicSound]

Robert Reich videos have the absolute best music choices

[@matthewrsturdivant]

It's unfortunate what happened to Julian assange, people like this and the gentleman instructing on the video are extremely necessary. The real power lies in the people, great content

[@uilium]

The real "power"? What's your point? Do you think power will lead to the people's wellbeing? What do you mean by power? What do you think individual selfless virtue leads to? I would value bringing our preconceptions into the light , wouldn't you? I hope we don't let superficial attitudes keep us thinking that bias is normal. I'm pretty sure it's a good thing for us to search our hearts in these hypnotic times.

[@matthewrsturdivant]

@@uilium Sure, conversation is important.

[@uilium]

@@matthewrsturdivant Yeah, I think individuals would benifit from pondering and reconsidering habitual directions they may have. I constantly have to either remind myself of what seems important or untangle myself from what seems unimportant.

[@melissaoffutt9133]

Sorry but "the people" have been cheated and used by the elite cabal system to keep us busy working like slaves and dumming us down and making us sick for big pharm and men with to much money and 0 integrity

[@uilium]

@@melissaoffutt9133 How do you know you are right or wrong or neither right or wrong? Seriously, wtf? You don't know anything, come on.

[@utubesei]

one of the most amazing and eye-opening presentations and explanations I watched for a long time. I can write a PhD thesis on this topic taking the Lebanese and gulf economies as an example.

[@pdoylemi]

And I thought I was the only one wanting a basic national income.

[@christianlibertarian5488]

Actually, I want basic national income, too, but we have to figure out how to do it without the "free rider" problem.

[@pdoylemi]

@@christianlibertarian5488 That is a concern for me too, but I don't think it is a huge problem. I don't think that the vast majority of people would be willing to spend their whole lives at the edge of poverty to avoid work. Some would, of course, but it will be very few I think. I have some experience in this from several years working with community action agencies - usually with people on welfare. Most of them want a lot better and are willing to work for it but don't know how to get there, or far more often lack the resources to do so. Some have just given up and resigned themselves to poverty, and a VERY few, actually think society owes them a living no matter what. But there has never been a program that has not been scammed to some extent - it might as well be a law of nature. Unless you choose a society that does nothing to help anyone ever rich or poor (because the rich freeload probably more than the poor) because SOME will find a way to abuse that, then we might as well abandon civilization.

[@christianlibertarian5488]

@@pdoylemi I think your insights are valuable. We are not going to have UBI anytime soon, but we must discuss it. Within a generation, I think.

[@pdoylemi]

@@christianlibertarian5488 Thanks. TO me the best part of UBI (especially if we have universal healthcare) is that basically all the diverse bureaucracies set up to handle diverse segments of the problem can go away. Unemployment? No need. Social security? Not needed. Student loans? Forget about it. CHIP? No need! WIC? all covered. Medicaid? Obsolete. Welfare? GOODBYE! Sorry, workman's comp - don't need you anymore. To be honest, I cannot name all the different programs we support targeting parts of the problem, but I would bet it is hundreds at least between the feds and the states - ALL irrelevant with UBI and universal healthcare - I think we would save a bundle, get better results, and eliminate any excuse to hate on the poor for getting assistance that others don't.

[@christianlibertarian5488]

@@pdoylemi An important point about UBI that needs to be brought up is, "how much?" Do you guarantee just a meager existence, beans and rice and a cot in a dorm? Or do you guarantee at least a semi-fulfilling existence? I think you could sell the former more easily, but I'm not sure of the point of doing so.

[@travislowery2144]

This is the information we need in the mainstream. Get behind this. Share it on your social media, or better yet directly to those in your life who need to see and know. Keep fighting all of the little fights, but use your energy wisely. 💪⚡🧠 Please remember this my friends: It takes more for the elite class to come off of their pedestals to fight the people, than it does for the people to collectively knock that pedestal down.

[@Jjnaen]

This is a pretty compelling argument for Andrew Yang's candidacy

[@timothykangethe7700]

Solid Economic Points 🎯 The Rise of Plutocracy

[@bluesman97]

Government has no business in doing business. They should be separate but they are not. And many Politicians use their power to reign in on the profits. Sadly we allow it to happen. Why we continue to pay taxes to the same people who steal our pursuit of happiness is the very reason why we need Robert Reich to run for President. Ok who's chipping in the first buck?..

[@Coldbird1337]

I like this! I dunno if you look at comments for videos this far back, but if you have the opportunity or the capital, you should edit this, or have someone edit this, for short term, maybe on tiktok but definitely for youtube shorts, you kinda have to go looking for old vids, something like this made new and short would be pushed by the algorithm

[@Fuar11]

There's another problem this won't fix. You can't sustain infinite economic growth in a market that runs on finite resources.

[@mildredmartinez8843]

Absolutely. .

[@OmarAlQaysi]

Thanks great video

[@manda60]

Forming a union is sadly difficult; I worked for an alarm company for many years where you would be immediately fired for any attempt to form a union or even conversing with reps or members of existing unions. Thanks "right to work" laws!

[@DrNancyLivingCoCreatively]

Tax the rich. Collections like community banks. Guaranties. Income. Services. People before big business.

[@infini.tesimo]

In the first 53 seconds of this video you answered it yourself, the reason the rich got richer and folks jumping in to fray know how to create more wealth. People who stay at the figures you're talking about are consumers who don't add anything massively in the way the rich do.

[@kleding11]

Thank you and your team for your time, effort and resources it took to create and distribute this video to us.

[@kamoogy]

A person who's as rich as Trump claims he is , is not an outsider.

[@theQuestion626]

They think so because he appeals to their stupidity, naivete and flat out desperation. He parrots their erroneous beliefs and confirms them as truth. He's not a really good salesman but he is if his target audience is insipid.

[@blackphoenixfamily8477]

Trump - "Drain the swamp" also Trump - "So we can move it to a larger local"

[@tranquilitybase9872]

Your doing a great public service. I have begun to get involved, that is how I found your insightful videos. Thank you.

[@djonesnd2000]

Yang 2020

[@aimwilliamson6609]

I am just so grateful for Prof Reich, I love that he is always posting what is relevant too. Thank you 😊

[@brandonmiles8174]

Great explanation. Now we need to get these people to explain to us why an increase in worker wages is not important as we a huge see rise of living costs and health costs. So many of them want to parrot the talking points of the wealth deserving to have more money but can't explain to me why everyone should not be making more money. They kind of get a dumb look on their faces, and their eyes glaze over. Regulation? Most of them can't even name a regulation that is keeping the middle class from making money, while I can name several that have been repealed that are encouraging vast exploitation.

[@ridethecurve55]

If the 'little people' have a piece of the pie, which they've earned, the riches benefit too. I'm confused why the riches wouldn't want this scenario. If nobody can afford their products & services, how will they benefit? Seems like a no-brainer, but huh, who am I ??

[@kristenrdesinski2937]

The basic economic standard that more money circulating creates a more robust economy has been buried in 'trickle down" economics that has been embraced by the GOP to the degree that they do not even see the negative results of that failed theory. Their defense, even after the disaster in Kansas by Brownback is that not enough time was allowed to correct the downward spiral and show the positive results they say will happen, I for one am not willing to go through another economic depression like my grandfather lived through and we almost had in 2008 just to prove or disprove that theory.

[@theresacarmen6220]

I wish every one could hear your direct and understandable explanations. Thanks..

[@lillytaylor8262]

Andrew Yang !!!!!! #FreedomDividend the new FDR

[@AtlantaBill]

Thanks, Robert Reich, for using the Low-Middle-High class paradigm. It tells you so-o-o-o much more than the traditional Working Class-Independent Middle Class-Capitalist Class paradigm about the relationship of the class stratification to production. The movements you named didn't cost the capitalist class anything, so let me thank you on their behalf.

[@rickraymo1319]

Balance is important. Ask your mom. Or ask mine, and my pop. Or Ken Galbraith, (by looking at his writings).

[@rickraymo1319]

PS. It is the middle class size that gives a lot more balance.

[@whatisahandle221]

I think Reich’s advice to be patient, to find your niche for helping in your way, etc, are great. I encourage everyone-left, right, center, libertarian, etc, to get to know their local community and get involved in helping something productive-not just seeking to bring down the other side and promoting their side. We want good government: Of the people! By the people! For the people!

[@jasoncarrizales]

🇺🇸 🌈😎🤓🌈 The ability to access information, dissect information, decipher misinformation/misleading information and intellectually examine the variables within the equation, is only attained through education. Education allows one to “see beyond the veil”, and thus come to a cognizant conclusion.

[@9393jack]

Which is why it's so tragic that the right hates education so much.

[@kristenrdesinski2937]

teaching critical thinking skills needs to begin in K-12, not wait until college. Using "common sense" is basically employing critical thinking and logic, they both can be taught if begun at a younger age.

[@jasoncarrizales]

Kristen Rdesinski Thank you for pointing out the obvious. I appreciate it. 🤣

[@9393jack]

@@kristenrdesinski2937 of they both could be taught, why do Republicans exist?

[@kristenrdesinski2937]

@@jasoncarrizales Obvious to you and I appreciate that, but the focus of conversation in the last few years seems to be that those skills can only be obtained through "higher education".

[@robertschlesinger1342]

I have long admired your skill at cutting through the fog and clearly explaining economic policy issues. Your video illustrations suggest you also have skill at cartoon illustration. But stick with the economics, you're superb, and the illustrations are the icing on the cake.