It is exceedingly rare for a major congressional committee to hold hearings on “corporate greed” leading to corporate profiteering and surging prices on consumer goods. On April 5, 2022, Senate Budget Chairman, Senator Bernie Sanders (I-VT) chartered uncensored territory on corporate avarice with a lead witness, former Secretary of Labor, Robert Reich, now a professor at the University of California, Berkeley.
This week marks both the fifth anniversary of the fiscal meltdown that almost tanked the world economy and the second anniversary of Occupy Wall Street, the movement that sparked heightened public awareness of income inequality. Yet the crisis is worse than ever – in the first three years of the recovery, 95 percent of the economic gains have gone only to the top one percent of Americans. And the share of working people in the U.S. who define themselves as lower class is at its highest level in four decades.
More and more are fighting back. According to Robert Reich, Bill Clinton’s secretary of labor: “The core principle is that we want an economy that works for everyone, not just for a small elite. We want equal opportunity, not equality of outcome. We want to make sure that there’s upward mobility again, in our society and in our economy.”
This week, Reich joins Moyers & Company to discuss a new documentary film, Inequality for All, opening next week in theaters across the country. Directed by Jacob Kornbluth, the film aims to be a game-changer in our national discussion of income inequality. Reich, who Time magazine called one of the best cabinet secretaries of the 20th century, stars in this dynamic, witty and entertaining documentary.