Robert Reich

Robert Reich

The Pernicious Myth of Meritocracy (Why American capitalism is so rotten, Part 5)

It’s time to banish the absurd idea that people are paid what they’re “worth”

Robert Reich
Dec 22, 2023
∙ Paid

Friends,

“We renew our resolve that America will never be a socialist country,” Donald Trump has said.

Someone should alert him that America is already a hotbed of socialism. But it’s socialism for the rich. Everyone else is treated to harsh capitalism.

In the conservative mind, socialism means getting something for doing nothing. This pretty much describe…

User's avatar

Continue reading this post for free, courtesy of Robert Reich.

Or purchase a paid subscription.
© 2026 Robert Reich · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture