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How to end crony capitalism

By Robert B. Reich, Tribune Content Agency on

You might think this creates a huge opportunity for Democrats heading into the 2018 midterms and the presidential election of 2020. Think again. Much of the official Democratic Party is still in denial, continuing to debate whether it should be on the proverbial "left" or move to the "middle."

But when it comes to getting big money out of politics and ending crony capitalism, there's no right or left, and certainly no middle. There's just democracy or oligarchy.

Democrats should be fighting for common-sense steps to reclaim our democracy from the moneyed interests -- the public financing of elections, full disclosure of all sources of political funding, an end to the revolving door between government and business, and attempts to reverse the bonkers Supreme Court decision "Citizens United v. Federal Election Commission."

For that matter, Republicans should be fighting for these things, too.

Here's a wild idea. What if the anti-establishment wings of both parties came together in a pro-democracy coalition to get big money out of politics?

Then it might actually happen.

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(Robert Reich, a former U.S. Secretary of Labor, is professor of public policy at the University of California at Berkeley and the author of "Saving Capitalism: For the Many, Not the Few," now available in paperback. His new film, "Inequality for All," is now out on Amazon, DVD and On Demand. His daily blog is at www.facebook.com/RBReich/.)

 

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