The Robert Reich documentary,
Inequality for All, is well worth a Netflix rental. The movie
is not just about what I hope is going to become a serious topic of
national debate, i.e. the inequality that threatens our very
existence as a democracy. It is also about Reich's fight over the
course of three decades to make it part of the national discussion.
Reich narrates the film and is on camera a lot, but that's no
problem, as he is a witty, articulate and engaging personality.
People who talk about the magic of the
market will concede, although I think always with a mild reluctance,
that there is no such thing as a truly free market economy, and never
has been, for all practical purposes. Reich's film provides a subtle
reminder that any number of laws effect the way the market works,
e.g. the abolition of slavery and public safety laws have regulatory
effects on the market. No person would argue seriously that the
government has no business interfering in the market in such ways.
So, yes, people, through their governments, have the right to
regulate the way the marketplace works. They always have and always
will. And we'd better get serious about it.
Because I am so sick of hearing
Republicans talk about their concern for the so-called job creators,
I was thrilled to see a couple of billionaires in the film calling
bullshit on that whole idea. And we should too whenever we hear it.
People with capital do not create jobs;
consumers create jobs.
And we do not have enough people with sufficient disposable income to
consume things. I assume everyone has seen the stories about how the
market for mid-level durable goods is stagnant while the high-end
market is booming, or how middle class restaurants like Red Lobster
and Olive Garden are seriously struggling.
Because I am so sick of hearing
Republicans talk about their concern for the so-called job creators,
I was thrilled to see a couple of billionaires in the film calling
bullshit on that whole idea. And we should too whenever we hear it.
People with capital do not create jobs;
consumers create jobs.
And we do not have enough people with sufficient disposable income to
consume things at a rate to keep the economy flowing. I assume everyone has seen the stories about how the
market for mid-level durable goods is stagnant while the high-end
market is booming, or how middle class restaurants like Red Lobster
and Olive Garden are seriously struggling.
I did not consciously plan it, but
Doris Kearns Goodwin's new book The Bully Pulpit: Theodore
Roosevelt, William Howard Taft and the Golden Age of Journalism is
a great companion piece to the Reich documentary. As the subtitle
suggests, this isn't just another book about Teddy Roosevelt. I
presume the parallels between that age of corporate excess and our
own were in Goodwin's mind as she researched and wrote this book.
Unfortunately I don't think the parallels are strong enough to make
me optimistic for the onset of a new progressive era.
One of the most enjoyable aspects of
Goodwin's book for me was the discovery of Taft as an engaging personality.
Other than his immense weight, his eventual falling out with TR, and the fact
that he went from the Presidency to the Supreme Court I didn't know
much about him. I didn't even know exactly where he fit into the Taft
family dynasty that still plays a role today (I believe) in Ohio
Republican politics. Goodwin depicts him as a principled and
admirable man, whose abilities and political destiny were widely
recognized early in his career.
Another pleasurable aspect is the
amount of time Goodwin devotes to the important muckraking and
progressive journalists of that time, especially S.S. McClure, Ida
Turnbull, Lincoln Steffans, Ray Stannard Baker, and William Allen
White. These journalists had important relationships with Theodore Roosevelt and played important roles in highlighting the corporate excesses of the era and bringing about a public demand for change.
Finally, despite the fact that I
probably wouldn't have bothered reading Goodwin's book if it were
just another book about Teddy Roosevelt, I have enjoyed the reminder
of just what a complex, puzzling and ultimately fascinating person he
was. There was so much about him that was admirable mixed in with the blustery jingoism and outsized personality. We can all be glad, probably, that he lived
and died before the age of television or we'd be sick of him.
.