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Reich: Corporate Profit Focus Fuels Inequality Crisis

1/7/2026

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Story summary
  • Robert Reich argues that focusing on corporate profit has driven societal decline in the United States and United Kingdom.
  • He traces the US decline to Ronald Reagan, while paralleling the UK to Margaret Thatcher's deregulation and privatization.
  • The shift has yielded increased inequality, stagnant wages, and a greater reliance on food banks.
  • Critics Tony Rowlands and Kate Purcell call for societal change and warn against foreign ownership of the NHS.