The Economic Elephant

The rich are still stealing the profits of the economy away from the workers who produce it.  Until that stops - and the rich give back what they've stolen over the past 30 years - we'll continue to spiral down into the lords-'n-serfs feudalism the rich are determined to create.

Diane Sweet at Crooks and Liars:

What's really wrong with the economy, and why?

Unemployment is still high and job creation hasn't made a big dent this many years into the so-called recovery. Who has the best plan? Is it the Keynesians? On the other end, the Austerics?

The answer is neither, really. They both neglect the economic elephant in the room - spreading wealth to the wealthy keeps buying power away from the middle class; it simply does not lead to economic recovery, historically. Perhaps looking to history can help us learn what works and what doesn't.

Robert Reich (Professor of Public Policy at UC Berkeley, and former Labor Secretary) delivers a compelling argument for a 6-point plan for economic recovery.