Robert Reich Quotes About Economy

Quotes about: Economy

• 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.

  Robert Reich

  Opportunity, Upward Mobility, Principles

  "Inequality for All". "Moyers & Company" with Bill Moyers, billmoyers.com. September 20, 2013.

• The only way to grow the economy in a way that benefits the bottom 90 percent is to change the structure of the economy. At the least, this requires stronger unions and a higher minimum wage.

  Robert Reich

  Stronger, Minimum Wage, Benefits

  "Raising Most People’s Wages" by Robert Reich, www.huffingtonpost.com. September 29, 2014.

• We're the richest economy in the history of the world. For the majority of Americans not to get the benefits of this extraordinarily prosperous economy, there's something fundamentally wrong.

  Robert Reich

  Majority, Benefits, World

  Source: www.pbs.org

• No economy can continue to function when the vast middle class and everybody else don't have enough purchasing power to buy what the economy is capable of producing without going deeper and deeper into debt.

  Robert Reich

  Class, Debt, Enough

  "Why Robert Reich cares so passionately about economic inequality". "PBS NewsHour" with Judy Woodruff, www.pbs.org. October 15, 2013.

• In the early 1970s, Milton Friedman argued that corporations should not be socially responsible because they had no mandate to be; they existed to make money, not to be charitable institutions. But in the economy of the 21st century, corporations cannot be socially responsible, if social responsibility is understood to mean sacrificing profits for the sake of some perceived social good. That's because competition has become so much more intense.

  Robert Reich

  Business, Mean, Responsibility

• If consumers don't have the wherewithal to spend because all the money's going to the top, and the people at the top only spend a very small fraction of what they earn, then the economy is almost inevitably destined to slow.

  Robert Reich

  People, Economy, Fractions

  "Why Robert Reich cares so passionately about economic inequality". "PBS NewsHour" with Judy Woodruff, www.pbs.org. October 15, 2013.

• We're now moving toward a radically different economy. You absolutely can't have a distribution oligopoly. The new oligopolies - and I think there will be new oligopolies - will be oligopolies of trustworthiness. Microsoft, Amazon, Schwab, and other brands will dominate psychic space, not shelf space.

  Robert Reich

  Moving, Thinking, Different

  Source: www.strategy-business.com

• There's a great debate going on, you know, on whether we're moving toward a system of giant oligopolies or a system of multiples of small businesses. Which is it? I think it's both. In every sector of the economy, we have giant brands that are trustworthy guides to what's good, and then a vast number of small groups, many of them project-based, sometimes folding and re-creating, that are offering products and services through those giant global brands.

  Robert Reich

  Moving, Thinking, Sometimes

  Source: www.strategy-business.com

• It's very hard to establish an economy of trustworthiness. The key is continuing to innovate and to keep your customers through innovation, because the customers can leave. But once you are a dominant player that continues to innovate and provide a good deal, customers will stay with you.

  Robert Reich

  Player, Innovation, Trustworthiness

  Source: www.strategy-business.com

• The problem right now is jobs. The problem right now is the economy and economic growth.

  Robert Reich

  Jobs, Growth, Problem

• We are creating a one size fits all system that needlessly brands many young people as failures, when they might thrive if offered a different education whose progress was measured differently. Paradoxically we're embracing standardized tests just when the economy is eliminating standardized jobs.

  Robert Reich

  Jobs, Creating, People

• I think it's hard to have a brand portal and an economy of trustworthiness in one of them that sloshes over into another. But saying that there will be only a limited number of these giant brand portals doesn't mean a limited number of companies; it doesn't mean that everybody's going to be working for these companies. Quite the opposite. Most of us will be working through much smaller entities that simply use these portals as vehicles for getting and identifying customers.

  Robert Reich

  Mean, Thinking, Portal

  Source: www.strategy-business.com

• Higher education isn't just a personal investment. It's a public good that pays off in a more competitive workforce and better-informed and engaged citizens. Every year, we spend nearly $100 billion on corporate welfare, and more than $500 billion on defense spending. Surely ensuring the next generation can compete in the global economy is at least as important as subsidies for big business and military adventures around the globe. In fact, I think we can and must go further - not just making public higher education tuition-free, but reinventing education in America as we know it.

  Robert Reich

  Education, Military, Adventure

  "Ten Ideas to Save the Economy #5: How to Reinvent Education" by Robert Reich, www.huffingtonpost.com. May 21, 2015.

• The managers of the big brands have a very clear responsibility. It's attracting and keeping talented people in order to sustain and build the trustworthiness of that brand. There is no clearer objective in the economy. Your economic success depends on expanding and building your economies of trustworthiness.

  Robert Reich

  Responsibility, People, Building

  Source: www.strategy-business.com

• The rich would do better with a smaller share of a rapidly growing economy then they're doing now with a large share of an economy that is barely growing at all.

  Robert Reich

  Growing, Rich, Economy

  "Why Robert Reich cares so passionately about economic inequality". "PBS NewsHour" with Judy Woodruff, www.pbs.org. October 15, 2013.

• You and I and almost all Americans are beneficiaries of the new economy. But we are also losing parts of our lives to the new economy - aspects of our family lives, our friendships, our communities, ourselves.

  Robert Reich

  Community, Losing, Economy

  Source: www.strategy-business.com

• One logical consequence of this New Economy composed of big brands and entrepreneurial groups is that the unit of production is no longer a particular, identical product. The unit of production is the creative individual.

  Robert Reich

  Creative, Economy, Individual

  Source: www.strategy-business.com

• Now we're in a very different economy. Throughout the late 1980s and 1990s American management started to do the right things. There was extraordinary investment in technology. The dominant questions now are less how to do it better, how to manage better, how to make the economy better, than how to have fuller and more meaningful lives. Because the irony is, now that we've come through this great transition, even though our organizations and our people are extraordinarily productive, many feel that the nonwork side of life is very thin.

  Robert Reich

  Meaningful, Technology, People

  Source: www.strategy-business.com

• We can't have extraordinary dynamism, innovation, and change in the economy and expect to have predictability and stability in our personal lives. It's not as if there are these big, giant institutions existing between us and the economy. In fact, these institutions have become tissue-thin. There is no mediation anymore. We are the economy; the economy is us.

  Robert Reich

  Innovation, Economy, Stability

  Source: www.strategy-business.com

• Technology enables consumers and investors to have extraordinary choice and ease of switching, which, in turn, stimulates much fiercer competition than ever before, which, in turn, makes it imperative for every institution to innovate like mad. That innovation is powering our economy these days, and it requires companies to find and utilize creative workers. That's the most important syllogism going; technology is embedded in that syllogism, but it's not as if we're seeing these productivity gains because of the technology.

  Robert Reich

  Technology, Mad, Choices

  Source: www.strategy-business.com

• Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.

  Robert Reich

  Thinking, Safety, Risk

  Source: www.strategy-business.com

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