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OpEdNews Op Eds    H3'ed 8/1/16

The Real Reckoning

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The biggest Wall Street banks continue to reap the financial benefits of being too big to fail. Hedge-fund partners make bundles from confidential information, trading on which used to be illegal.

CEOs cash in their stock options and grants just when they pump up the value of their company's stocks with buybacks. It's allowed because laws and regulations have been loosened.

Trade agreements are now designed to protect the intellectual property and foreign assets of giant corporations, but nothing is done to protect the incomes of Americans who lose their jobs to foreign competition.

This is business as usual in Washington.

Hillary Clinton has a long list of good proposals for helping average working people, but none of them is going anywhere if Washington stays the same and the economic game remains rigged.

Instead, Americans will become even more angry and cynical.

That's the real reckoning -- hers and ours.

Donald Trump didn't come from nowhere. He is the loudest and clearest warning shot across the bow of the current American political economic system.

Hopefully he'll lose in November. But unless that warning is heeded, the dark anger that has produced him will produce another homegrown demagogue, possibly far worse.

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Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

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