Dean Baker, co-director of the Center on Economic Policy Research, says that though Obama's financial reforms may ultimately result in greater transparency in the way banks and big corporations do business, the changes will do little to combat rampant economic inequality and unemployment.
The Nation on Grit TVJoining Laura Flanders on The Nation on Grit TV, Dean Baker, co-director of the Center on Economic Policy Research, says that though Obama’s financial reforms may ultimately result in greater transparency in the way banks and big corporations do business, the changes will do little to combat rampant economic inequality and unemployment. What is sorely needed, Baker argues, is a fundamental change in the way Wall Street operates.
Dean Baker is part of a Nation forum on inequality to be published July 1 featuring Robert Reich, Orlando Patterson, Jeff Madrick, Dean Baker, Katherine Newmann and Matt Yglesias. The forum looks at the widening inequality gap in the recession and under President Obama, and at possible solutions.
The Nation on Grit TVThe Nation on Grit TV is a weekly collaboration between The Nation and Grit TV. Each week Nation contributors join host Laura Flanders in studio to expand on the reporting and analysis found in The Nation magazine.