Home > Economy > Robert Reich: Socialism for the Rich, Capitalism for the Rest by Robert Reich | YES! Magazine

Robert Reich: Socialism for the Rich, Capitalism for the Rest by Robert Reich | YES! Magazine

“We renew our resolve that America will never be a socialist country,” Donald Trump said recently.

Someone should alert him that America is now a hotbed of socialism. But it’s socialism for the rich. Everyone else is treated to harsh capitalism.

In the conservative mind, socialism means getting something for doing nothing. This pretty much describes General Motors’ receipt of $600 million in federal contracts, plus $500 million in tax breaks, since Trump took office.

Some of this corporate welfare has gone into the pockets of GM executives. Chairman and CEO Mary Barra raked in almost $22 million in total compensation in 2017 alone.

Source: Robert Reich: Socialism for the Rich, Capitalism for the Rest by Robert Reich — YES! Magazine

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