Magazine
Latest Issue

Digest

Robert Reich, the US Secretary of Labour, argues that government can create incentives for companies to act in the public interest as well as their own

By Robert Reich   February 1996

The New York times

January 5th 1996

If the us Federal government is to do less, then the private sector will have to do more. But AT&T’s stunning announcement on the first business day of 1996, that it would lay off 40,000 employees, raises profound questions about the private sector’s ability to take on more responsibility for Americans’ economic well-being.

I do not mean to pick on AT&T. It is but one in a long list of companies that have delivered large numbers of pink slips in recent years, despite record profits. Wall Street’s initially positive response to the…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect