The Truth About Trump’s Economy | The Common Good | Robert Reich

In this episode of The Common Good, Former Labor Secretary Robert Reich exposes the smoke and mirrors of Trump’s economy, and how nearly all the gains have gone to the top. He then sits down with Solana Rice — an expert on the intersection of race and the economy — to discuss the racial wealth gap, stagnant wages, stock buybacks, universal basic income, and how building economic power is essential to black liberation.

For more information on the topics discussed, check out these videos:
7:50 - Stock Buybacks:    • Stock Buybacks, Explained | Robert Reich  
10:40 - Power:    • How to Build Progressive Power | Robert Reich  
16:00 - UBI:    • What is Universal Basic Income? | Robert R...  

00:00 Welcome!
1:56 What’s happened with health care under Trump?
3:29 Solana Rice explains the truth behind unemployment numbers and the stock market. Half of the stock market is owned by 1 percent!
5:55 What’s the difference between income inequality and inequality of wealth?
7:38 Stock buybacks - what are they and what’s the problem?
11:01 In order for BIPOC to sit in their power, they need economic power. Here’s how it works.
12:18 How do we do that? What should we demand in politics in order to help solve inequality in this country on all levels?
14:22 How do we avoid pitting everyone against each other?
16:27 How do we organize people around policies that will actually liberate?
19:00 We need to take on these small crises every day and also reimagine a more equal system.
23:35 Solana Rice is optimistic because she believes in the ingenuity and power of BIPOC.

Inequality Media Civic Action with Robert Reich is a digital media organization aimed at debunking right-wing lies, educating the public about inequality and imbalance of power, and breaking down solutions to the economic and structural issues plaguing our country. We provide a platform for you to learn, share your ideas, and, hopefully, mobilize your communities to make change for the common good. Please subscribe to our channel:    / rbreich  . We release explainer videos every Tuesday and episodes of The Common Good every Thursday.


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