Reich, one of the few sagacious economic advisors to Clinton, recalls the time he made Clinton’s team very angry.
Reich publicly predicted the rise of Trump three decades ago–and if Hillary really, really wants to know why she lost, she might factor in resentment over her husband’s indifference to radical levels of inequality. Did Hillary renounce any single plank of Clintonism? No, she told us that racism and sexism had nothing to do with structural economic factors.
Bill Clinton ignored Reich and listened instead to the likes of self-dealing plutocrats like Sandy Weill, repealing the Glass-Steagal act and making inevitable the 2008 collapse. Then, when Obama saved the banksters and abandoned the foreclosed, the countdown to Trump began.