Robert B. Reich is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written ten books, including The Work of Nations, which has been translated into twenty-two languages, Supercapitalism, and the best sellers The Next American Frontier, The Future of Success, and Locked in the Cabinet.
His articles have appeared in The New Yorker, The Atlantic Monthly, The New York Times, The Washington Post, and The Wall Street Journal. He is also co-founding editor of The American Prospect magazine. Nearly five million people hear his weekly commentaries on public radios Marketplace. In 2003, Reich was awarded the prestigious Vaclav Havel Foundation Prize for pioneering work in economic and social thought.
In Aftershock Reich discusses the economic crisis—and a plan for dealing with the challenge of its aftermath. When the nation’s economy foundered in 2008, blame was directed almost universally at Wall Street. But he suggests a different reason for the meltdown, and for a perilous road ahead. He argues that the real problem is structural: it lies in the increasing concentration of income and wealth at the top, and in a middle class that has had to go deeply into debt to maintain a decent standard of living.
Reich’s assessment of what must be done to reverse course and ensure that prosperity is widely shared represents the path to a necessary and long-overdue transformation.
Richard Waters is the West Coast Editor for the Financial Times. He appears regularly on the BBC, CNBC, MSNBC, CNNfn and NPR.
The Drucker Business Forum is produced by The Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University with additional support from the Pearson Foundation.The series is co-presented by KPCC
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