« 'Steve Rattner’s Manufacturing Muddle' | Main | Links for 01-27-2014 »

Sunday, January 26, 2014

'Why There’s No Outcry'

Robert Reich tries to explain why "we don’t have a revolution in America":

Why There’s No Outcry, by Robert Reich: People ask me all the time why we don’t have a revolution in America, or at least a major wave of reform similar to that of the Progressive Era or the New Deal or the Great Society.
Middle incomes are sinking, the ranks of the poor are swelling, almost all the economic gains are going to the top, and big money is corrupting our democracy. So why isn’t there more of a ruckus?
The answer is complex, but three reasons stand out.
First, the working class is paralyzed with fear it will lose the jobs and wages it already has. In earlier decades, the working class fomented reform. ... No longer... No one has any job security. ... Besides, their major means of organizing themselves — labor unions — have been decimated. ...
Second, students don’t dare rock the boat. In prior decades students were a major force for social change. ... But today’s students don’t want to make a ruckus. They’re laden with debt. ... To make matters worse, the job market for new graduates remains lousy. Which is why record numbers are still living at home.
Reformers and revolutionaries don’t look forward to living with mom and dad or worrying about credit ratings and job recommendations.
Third and finally, the American public has become so cynical about government that many no longer think reform is possible. ...
Change is coming anyway. ... At some point, working people, students, and the broad public will have had enough. They will reclaim our economy and our democracy. This has been the central lesson of American history.
Reform is less risky than revolution, but the longer we wait the more likely it will be the latter.

Apparently, Obama as "a little bit of FDR" might not be enough.

    Posted by on Sunday, January 26, 2014 at 10:03 AM in Economics, Politics | Permalink  Comments (87)

          


    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.