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" "The critical things to watch out for aren't the rare big events, such as the 2008 bailout of [Wall] Street itself, but the ongoing multitude of small rule changes that continuously alter the economic game. ... The "free market" is a myth that prevents us from examining these rule changes and asking whom they serve. The myth is therefore highly useful to those who do not wish such an examination to be undertaken.
Robert Bernard Reich (born June 24, 1946) is an American economist, professor, author, lawyer, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter, as well as serving as the United States Secretary of Labor from 1993 to 1997 in the cabinet of President Bill Clinton. He was a member of President Barack Obama's economic transition advisory board.
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Trump and his Republican enablers are now reversing regulations put in place to stop Wall Street's excessively risky lending. But Trump's real contributions to the next crash are his sabotage of the Affordable Care Act, rollback of overtime pay, burdens on labor organizing, tax reductions for corporations and the wealthy but not for most workers, cuts in programs for the poor, and proposed cuts in Medicare and Medicaid—all of which put more stress on the paychecks of most Americans.
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