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An interview about how rising income, persistent inequality and populist politics all fit together.
Economist Jared Bernstein recently sat down with Capital & Main to offer his perspective on a wide range of political and income-inequality topics. Formerly a top advisor to Vice President Joe Biden and, currently, a senior fellow at the Center on Budget and Policy Priorities, Bernstein spoke to us again this week, following the U.S. Senate vote to fast-track the Trans-Pacific Partnership. The interview has been edited for brevity and clarity.
Capital & Main: What was your first, red carpet reaction to the Senate’s fast-tracking of TPP?
Jared Bernstein: I’m not that surprised but I’m not deeply disheartened or worried. What’s positive is that this time the text of the TPP will be in the public domain for two months before the ratification in Congress, and that will give lots of us a chance to take a closer look at it —
» Read more about: No Smiley Faces: Jared Bernstein on the TPP Juggernaut »
When Jared Bernstein recently sat down with Capital & Main, he had just been chosen as chair of the National Employment Law Project’s board of directors, while continuing his roles as a senior fellow at the Center on Budget and Policy Priorities, and as a frequent commentator on MSNBC and CNBC. Picked in 2009 by Joe Biden to be the Vice President’s top economic advisor, Bernstein had already distinguished himself as a passionate critic of inequality during his long tenure at the Economic Policy Institute, one of the country’s leading think tanks. His views on economic issues were well to the left of Obama’s and the rest of the President’s team, ensuring that progressive ideas would get a hearing inside the White House as the administration wrestled with the worst downturn since the Great Depression.
While Obama and his advisors succeeded in reversing the Great Recession’s massive job losses and saving the bacon of the financial industry,
» Read more about: Watch Now: Jared Bernstein on Inequality & Lip-Syncing Republicans »
In a recent interview with Capital & Main, economist Jared Bernstein candidly explained why he doesn’t see corporate America rushing to solve the country’s income disparity crisis, and why America cannot educate itself out of inequality. Instead, Bernstein, who is Vice President Joe Biden’s former top economic advisor, returned to themes found in his new book, The Reconnection Agenda: Reuniting Growth With Prosperity, In it, Bernstein lays out an ambitious agenda to restore the lost relationship between economic expansion and the well-being of most Americans.
In this podcast he acknowledges the Obama administration’s missed opportunities during the early days of the last recession, while claiming that the present political dysfunction, with its gridlock of federal legislation, is not an accident but a political strategy that serves the status quo and is the enemy of full employment.
» Read more about: Podcast: Jared Bernstein Talks About the Recession, Unions and the TPP »
In 2009, as the U.S. economy teetered on the brink of catastrophe, a newly elected Barack Obama leaned heavily on the counsel of a small circle of experts. Perhaps the most unlikely member of Obama’s inner sanctum, which included Larry Summers, Timothy Geithner, Christina Romer and Peter Orszag, was Jared Bernstein, a meditation devotee and professionally trained musician with a PhD in social welfare.
Chosen by Joe Biden to be the Vice President’s top economic advisor, Bernstein had distinguished himself as a passionate critic of inequality during his long tenure at the Economic Policy Institute, one of the country’s leading think tanks. His views on economic issues were well to the left of Obama’s and the rest of the President’s team, ensuring that progressive ideas would get a hearing inside the White House as the administration wrestled with the worst downturn since the Great Depression.
While Obama and his advisors succeeded in reversing the Great Recession’s massive job losses and saving the bacon of the financial industry,