In this episode of The Common Good, former Secretary of Labor Robert Reich discusses how elites keep bending the rules to benefit themselves while shafting everyone else during this crisis. From the super-rich securing a $174 billion tax break in the COVID relief bill and Trump donor Monty Bennett getting $96.1 million from the Paycheck Protection Program, to billionaires growing their fortunes by $282 million last month and mega-corporations getting another $500 billion blank check with even fewer restrictions than the first one, it’s never been clearer: America has socialism for the rich and harsh capitalism for the rest.
Reich also discusses how America’s biggest banks rolled out the red carpet for their wealthiest clients to maximize their own profits and shut out small businesses from receiving Paycheck Protection Program funds, and how Mitch McConnell’s push to shield companies from liability when they reopen is part of his long history of shafting workers.
Inequality Media Civic Action with Robert Reich is a digital media organization aimed at debunking right-wing lies, educating the public about inequality and imbalance of power, and breaking down solutions to the economic and structural issues plaguing our country. We provide a platform for you to learn, share your ideas, and, hopefully, mobilize your communities to make change for the common good.