by Robert Reich on (#4HR90)
US weakness is inbuilt – the big 500 companies owe loyalty only to themselves and the public is shut out from prosperityXi Jinping might possibly agree next weekend on further steps to bring down China’s trade imbalance with the US, giving Donald Trump a face-saving way of ending his trade war.Related: Elizabeth Warren’s economic nationalism vision shows there's a better way | Robert ReichThese giant corporations have no particular allegiance to America. Their only responsibility is to their shareholdersRelated: The gig is up: America’s booming economy is built on hollow promises | Robert ReichRobert Reich, a former US secretary of labor, is professor of public policy at the University of California at Berkeley and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. He is also a columnist for Guardian US Continue reading...