Tag: Robert Reich


Inequality For All

March 11th, 2014 — 7:12am

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Inequality For All- nf  This is an amazing documentary that is all about Robert Reich who presents as clear an explanation of the economy- where it has been and where it is going, as we have ever seen. He makes it clear why there is big disparity between the 1% and the 99% in the U.S. and what that should really mean to all of us. Reich was Secretary of Labor and a key advisor to Bill Clinton. He started in polities in the Carter administration and more recently teaches at University of California at Berkley. In fact, a good part of this film is directly from his class lecture at that school. His discussion, his graphs, his examples and his logic come across crystal clear, as does his sincerity. He makes the point, with very easy to understand facts and figures, that this country has thrived when there was less disparity between the wealthy and the middle class and how when the middle class earnings flattened out and the very wealthy began to make more money than ever, the economy of the US took a nose dive (i.e. in 1929 and 2008). Reich not only spoke with articulate people in the middle class who have seen their savings erode but he also spoke with a multimillionaire who acknowledges that he and others like him invest most of their money abroad in hedge funds (not in creating new jobs in this country). We also get the views of Warren Buffet who ridicules the tax structure in this country where he pays less percentage of his income on taxes than does his secretary(13% vs 36%). Mitt Romney paid 11%.  We see how in the 1980s, women entering the job market saved the middle class by providing a second  income for middle class families, but now as globalization takes the jobs out of the US and automation limits employment, that won’t save the economy anymore. The middle class has to have disposable income to buy products in order for our economy to thrive. The rich people can only buy so many cars, pillowcases or other products. The shrinking middle class income is putting the economy of this country into deep trouble. Trickle down economics clearly doesn’t work.  On top of all this the recent Supreme Court “ Citizens United “ case now supports the wealthy to basically put unlimited funds into political campaigns which makes it even more difficult to make any change. Obviously this is heavy stuff. Perhaps the most uplifting part about this depressing picture is the commitment of Reich to tell the story and his optimism that the next generation will make the changes that are necessary. No matter what part of the political spectrum you come from you should see this film. Whether you think you agree or disagree with this guy, you will be enriched by the insight into these complicated economic issues. The movie, directed by Jacob Kornbluth is well done, with illustrative archival clips, good close-up views into the character of many of the people who appear in the film and appropriate music that moves this film along. As all good documentaries should do, it also leaves you with a good website,  Inequalityforall.com which shows you how you can get involved. (2013)

Comment » | 5 Stars, Documentary

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