Left Behind, Parts 1 – 3
Over the past 30 years, the benefits of economic growth in Canada, the US and much of the rest of the world, have gone increasingly to the top one percent of the population. For the majority of families, however, incomes have stagnated. This rise in inequality coincided with a sea change in government policy. Beginning in the 1980s, governments in much of the English-speaking world embarked on what has been called the neoliberal revolution – deregulation, privatization and tax cuts, aimed at liberating markets and stimulating the economy. The rising tide was supposed to lift all boats, but it didn’t. Jill Eisen explores what happened.
Photo: Occupy K Street demonstrators protest the street of Washington, October 29, 2011. REUTERS/Jose Luis Magana
Robert Reich is Chancellor’s Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written thirteen books, including The Work of Nations, Locked in the Cabinet, Supercapitalism, and his most recent book, Aftershock. His ”Marketplace” commentaries can be found on publicradio.com and iTunes. He is also Common Cause’s board chairman.