Thursday, June 19, 2014
Some Views on Saving Capitalism From Business Leaders
Robert Reich relates the concerns that some business leaders have about their future, and the future of our current version of capitalism. The hollowing out of the middle class is their major concern. Some business leaders worry about the erosion of middle class wages and the effect that this has on demand for their products and services. Some are also concerned that economic discontent will lead to political conflict and an increase radicalism. Several business leaders support a more progressive tax system, but there is no reason to believe that they are in a majority.