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1/12/16

Wall Street - Casino Capitalism: Robert Reich Does Not Understand Wall Street

Robert Reich’s new video series focuses on ten problems in our economy. In video number four, Reich offers various measures to “tame Wall Street” because “Wall Street screwed us once.” His proposal is a concoction of talking points from “greedy bankers” and “too big to fail” to “inequality” and “fairness.”

To Reich’s credit, he does properly identify major issues within our financial system. It is rampant with cronyism and protectionist regulations. He overlooks, however, the major role government plays in distorting our financial system.

Read more: Robert Reich Does Not Understand Wall Street

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