Mastodawn

Robert Reich Mar 21, 2023

There is no moral justification for today’s extraordinary concentration of wealth at the very top.

It is distorting our politics, rigging our markets, and granting unprecedented power to a handful of people.

Wealth creates power; power creates more wealth. It's a vicious cycle.

Robert Reich Mar 21, 2023

Last week’s bailout of small banks (and it was a bank bailout) needs to be seen in the larger context of America’s soaring inequality.

https://robertreich.substack.com/p/the-undeserving-rich

The undeserving rich

Putting the bank bailout in context

Robert Reich

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Sullic

@rbreich it was a bank depositor bailout. The bank is gone, shareholders lost, depositors are being made whole. Which doesn’t seem terrible- the account holders won’t have to pay for the bank’s mistakes.