By Robert Reich
REPUBLICANS HAVE morality upside down. They’re condemning gay marriage, abortion, access to contraception and the wall separating church and state.
But the moral crisis in America isn’t a breakdown in private morality. It’s a breakdown in public morality. What Americans do in their bedrooms is their own business. What corporate executives and Wall Street financiers do in boardrooms and executive suites affect all of us.
We’re living through a new Gilded Age of financial fraud and conflicts of interest; exorbitant pay to executives, traders, hedge-fund and private-equity managers; tax loopholes that allow them to pay a lower rate than many middle-class Americans; and legalized bribery of public officials through unlimited campaign “donations.”