As we segregate by income into different communities, schools in lower-income areas have fewer resources than ever.
Robert ReichRead
To get back to the kind of shared prosperity and upward mobility we once considered normal will require another era of fundamental reform, of both our economy and our democracy.
Interpretation
What this quote means
Achieving shared prosperity and mobility requires significant reforms in our economy and democracy.
This quote by Robert Reich emphasizes the need for substantial changes in both economic systems and democratic practices to restore a sense of shared wealth and opportunity that was once seen as standard. It suggests that without these reforms, society may struggle to achieve the equitable growth and upward mobility that benefits everyone.
Themes
ProsperityReformEconomyDemocracyMobility
In practice
Example use cases
During a political rally focused on economic issues.
More from Robert Reich
All quotes βWhat are called 'public schools' in many of America's wealthy communities aren't really 'public' at all. In effect, they're private schools, whose tuition is hidden away in the purchase price of upscale homes there, and in the corresponding property taxes.
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What someone is paid has little or no relationship to what their work is worth to society.
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Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.
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The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.
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You can't inspire people if you are going to be uninspiring.
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Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
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There's a long list of investments that governments could and should be making. There is strengthening infrastructure, such as transport and communications; there is investment in education; there is investment in families, particularly putting measures in place that free women from having to make the choice between raising a family and work.
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The perennial conviction that those who work hard and play by the rules will be rewarded with a more comfortable present and a stronger future for their children faces assault from just about every direction. That great enemy of democratic capitalism, economic inequality, is real and growing.
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