Why we should abandon shareholder capitalism and return to stakeholder capitalism: http://t.co/JSsJKgDtu8— Robert Reich (@RBReich) August 10, 2014
A new study (PDF, 42 pages) scheduled to be published in this fall by Princeton’s Martin Gilens and Northwestern University’s Benjamin Page confirms our worst suspicions.
Gilens and Page analyzed 1,799 policy issues in detail, determining the relative influence on them of economic elites, business groups, mass-based interest groups, and average citizens.
Their conclusion: “The preferences of the average American appear to have only a miniscule, near-zero, statistically non-significant impact upon public policy.”
But if we give up on politics, we’re done for. Powerlessness is a self-fulfilling prophesy.
The only way back toward a democracy and economy that work for the majority is for most of us to get politically active once again, becoming organized and mobilized.
We have to establish a new countervailing power.
My lecture on inequality at Aspen Ideas Festival -- to top 1%, who need to understand what's at stake: http://t.co/EKTsb8dkLZ— Robert Reich (@RBReich) July 1, 2014