Robert Reich: ‘Capitalism is compatible with democracy as long as democracy is in the driver’s seat’

Robert Reich, former labor secretary, critiques the current state of American democracy and capitalism, emphasizing the need for a new social contract. He argues that capitalism can coexist with democracy only if democracy leads the way. Reich reflects on the failures of the baby boomer generation to uphold the social contract, which has left many working-class Americans disillusioned. He believes that the Democratic Party must reconnect with its working-class roots to regain trust and support. Reich warns of the dangers posed by authoritarian figures like Trump, suggesting that the U.S. is at risk of sliding into neo-fascism, but remains cautiously optimistic about the potential for change through grassroots engagement.