For much of the past century, the basic bargain at the heart of America was that employers paid their workers enough to buy what American employers were selling. Government’s role was to encourage and enforce this bargain. We thereby created a virtuous cycle of higher living standards, more jobs, and better wages. And a democracy that worked reasonably well.
But the bargain has been broken. And until it’s remade, the economy can’t mend and our democracy won’t be responsive to the majority.
What Reich misses is that our democracy is responsive to our over-stressed majority reduced to, in the words of Jamie Oliver, eating chips and cheese out of Styrofoam containers while watching a massive fucking TV.
Like THX 1138…