Word: reiche
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...labor, Reich urges a similar sacrifice--to look beyond the short term and more to high tech. He argues that the union leaders must realize that clutching to tariffs and hard-line positions may pay off for a time but not once those smokestack industries begin to lose international competition...
...Reich is counting on business, with government prompting it, to open up and give workers more flexibility in the workplace, job security, and increased say in how companies are run. In addition to making business more cooperative, Reich wants to give it much of the social service responsibility the government held thus far. This seems to put too much of a new responsibility in the hands of managers who are going to resist even the slightest change in the workplace, but it might be a good way to integrate relief and job training...
...GOVERNMENT, in Reich's vision, will have the major role in making his scenario happen. First, it must forge a national consensus that will allow such sweeping changes in the American economy. Reich calls for federal and state governments to begin directing the changes, strategically giving benefits to businesses only if they agree to pursue this master plan. The federal government could arrange for companies to train unemployed workers in return for vouchers, change the tax code to give benefits to companies which retrain the employees, could establish regional banks to give low interest loans to industries which agree...
...Most of Reich's suggestions are rooted in reality, and he is scrupulous about offering contingency plans. But throughout the book the reader is left with the feeling that the vision's cornerstone--that national consensus--will never come to pass. Without a mandate to clear the board and start afresh, that evil word in the world of economic policy, politics, will rear its nasty partisan head. With a theory that depends so much on cooperation and compromise, one side holding back could make the whole structure disintegrate. And while the Democrats can praise Reich's book and use some...
...policy pretty soon, he can count on another four years on the outside. The candidates want new ideas not "tired" New Deal liberalism or "stingy" supply side Reaganomics. And the one door they've knocked on most is that of a cramped 2nd floor office where lecturer Robert B. Reich holds court. "I'm delighted to provide advice on issues even to Republicans," he says cheerily...