By Robert Reich
Recommended by Steve G.
The 10 Biggest Myths About Our Economy
To build a path forward, we must debunk these 10 destructive …myths about our rigged economy.Show More
The 10 Biggest Myths About Our Economy
We cannot separate what has happened to working people over the last five decades from the dangerous lure of Trumpism. To build a path forward, we must debunk these 10 destructive myths about our rigged economy.
Myth 1: "Economics is Objective" I 10 Economic Myths Debunked
We are told countless lies about economics. Enough. I’m launching a new 10-week series debunking economic myths. Here’s episode one:
Myth 2: "The Free Market " I 10 Economic Myths Debunked
PSA: When the powerful say they want a “free market,“ what they actually mean is a market controlled by corporations, Wall Street, and the wealthy.
Do the Rich Work Harder than Everyone Else? I 10 Economic Myths Debunked #3
No, rich people do not work harder than everyone else. Wealth doesn’t measure a person’s work ethic or what they deserve. It measures how well our economic system has been manipulated in their favor.
How Legalized Bribery Works in America I 10 Economic Myths Debunked #4
“Corporate political donations are free speech.” Give me a break. Corporate political donations are legalized bribery, plain and simple. Watch more Debunking videos now: https://www.youtube.com/playlist?list=PLOLArO56vjuqAau4sUzeF4_KQmdMBBUCg
Why the "Free Market" Isn't Really Free I 10 Economic Myths Debunked #5
The rich would prefer you to believe that the free market is subject to the immutable law of supply and demand. Baloney! For years, the wealthy and powerful have manipulated the market for their own gain. There is nothing “free” about it.
The Lie That Costs Americans Their Jobs I 10 Economic Myths Debunked #6
My old boss Bill Clinton called globalization “the economic equivalent of a force of nature, like wind or water.” Here’s what I have to say about that. Watch the rest of my Debunking series here: https://www.youtube.com/playlist?list=PLOLArO56vjuqAau4sUzeF4_KQmdMBBUCg
The Real Welfare in America I 10 Economic Myths Debunked #7
The Wells Fargo exec overseeing their customer account scam got a $125 million exit package. Meanwhile, most Americans who lose their jobs get only limited unemployment benefits. When I say we have socialism for the rich, harsh capitalism for the rest, this is what I mean. Watch the rest of my Debunking series here: https://www.youtube.com/playlist?list=PLOLArO56vjuqAau4sUzeF4_KQmdMBBUCg
The Job Creation Hoax I 10 Economic Myths Debunked #8 | Robert Reich
I’m so tired of people pretending the rich are “job creators.” Here’s who’s really creating jobs. Watch the rest of my Debunking series here: https://www.youtube.com/playlist?list=PLOLArO56vjuqAau4sUzeF4_KQmdMBBUCg
You've Been Lied to About Inflation I 10 Economic Myths Debunked #9
Angry about airfares? Airlines merged from 12 carriers in 1980 to 4 today. Upset about grocery prices? 3 companies control 70% of grocery sales in 167 cities. Mad about drug prices? A handful of drug companies control the pharmaceutical industry. Monopolies are the problem. Watch the rest of my Debunking series here: https://www.youtube.com/playlist?list=PLOLArO56vjuqAau4sUzeF4_KQmdMBBUCg
Is Economic Growth Always Good? I 10 Economic Myths Debunked #10
Think endless economic growth is always good? Think again. Watch the rest of my Debunking series here: https://www.youtube.com/playlist?list=PLOLArO56vjuqAau4sUzeF4_KQmdMBBUCg
Why Did Some Support a Fascist for President? | 10 Economic Myths Debunked BONUS
Trump isn’t the cause of all of America’s problems — he’s a symptom. He’s the product of years of stagnant wages, big money’s corruption of democracy, and a history rooted in racism. If we want to reduce the lure of authoritarianism – we need to address its root causes.