Saving Capitalism

For The Many, Not The Few

Author: Robert Reich

Publisher: Icon Books Ltd

ISBN: 1785780689

Category: Business & Economics

Page: 304

View: 2337

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'A very good guide to the state we’re in' Paul Krugman, New York Review of Books 'A well-written, thought-provoking book by one of America’s leading economic thinkers and progressive champions.' Huffington Post Do you recall a time when the income of a single schoolteacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family? Robert Reich does – in the 1950s his father sold clothes to factory workers and the family earnt enough to live comfortably. Today, this middle class is rapidly shrinking: American income inequality and wealth disparity is the greatest it’s been in eighty years. As Reich, who served in three US administrations, shows, the threat to capitalism is no longer communism or fascism but a steady undermining of the trust modern societies need for growth and stability. With an exclusive chapter for Icon’s edition, Saving Capitalism is passionate yet practical, sweeping yet exactingly argued, a revelatory indictment of the economic status quo and an empowering call to action.

Saving Capitalism

For the Many, Not the Few

Author: Robert B. Reich

Publisher: Vintage

ISBN: 0345806220

Category: Business & Economics

Page: 304

View: 2065

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From the author of "Aftershock" and "The Work of Nations," his most important book to date--a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the "free market" is, and how it has masked the power of moneyed interests to tilt the market to their benefit. Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they're "worth," that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and "big" government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action.

Saving Capitalism

For the Many, Not the Few

Author: Robert B. Reich

Publisher: Vintage

ISBN: 0385350589

Category: Business & Economics

Page: 304

View: 6255

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From the author of Aftershock and The Work of Nations, his most important book to date—a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the “free market” is, and how it has masked the power of moneyed interests to tilt the market to their benefit. Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they’re “worth,” that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and “big” government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action. From the Hardcover edition.

Economics in Wonderland

Robert Reich's Cartoon Guide to a Political World Gone Mad and Mean

Author: Robert Reich

Publisher: Fantagraphics Books

ISBN: 1683960602

Category: Business & Economics

Page: 120

View: 7721

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Anyone who watches the former U.S. Secretary of Labor and The Daily Show and CNBC commentator's videocasts, viewed on his Inequality Media website, has seen Reich's informal lectures on student debt, social security, and gerrymandering, which he accompanies by quickly drawing cartoons to illustrate his major points. Collected here, for the first time, are short essays, edited from his presentations, and Reich's clean-line, confident illustrations, created with a large sketchpad and magic marker. Economics in Wonderland clearly explains the consequences of the disastrous policies of global austerity with humor, insight, passion, and warmth, all of which are on vivid display in words and pictures.

Beyond Outrage

What Has Gone Wrong with Our Economy and Our Democracy, and how to Fix it

Author: Robert B. Reich

Publisher: Vintage

ISBN: 0345804376

Category: Business & Economics

Page: 151

View: 2183

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Argues that real change can only come when party lines are ignored and people from both sides of the aisle band together to enact common sense policies.

Aftershock

The Next Economy and America's Future

Author: Robert B. Reich

Publisher: Vintage Books

ISBN: 9780345807229

Category: Business & Economics

Page: 186

View: 9995

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Analyzes the economic crisis while making recommendations for responsibly navigating its aftermath, suggesting that the downturn actually resulted from a disproportionate concentration of wealth at the expense of a debt-burdened middle class.

Summary of Saving Capitalism

By Robert B. Reich | Includes Analysis

Author: Instaread Summaries

Publisher: Idreambooks

ISBN: 9781945251764

Category: Business & Economics

Page: 30

View: 5487

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Inside this Instaread of Saving Capitalism:* Overview of the book* Important People* Key Takeaways* Analysis of Key Takeaways

Tales of a New America

Author: Robert B. Reich

Publisher: Vintage

ISBN: 0307830624

Category: Political Science

Page: 256

View: 4369

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The Harvard political economist argues that Americans must rethink some important cultural myths and self-definitions if the U.S. is to retain its dominant role within the emerging global economy.

The next American frontier

Author: Robert B. Reich

Publisher: Viking Pr

ISBN: 9780140070408

Category: Business & Economics

Page: 324

View: 3646

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Brings together economic, social, and political analyses to formulate a program for an American revival, in terms of the nation's economy and of a more equitable life for the American people

The Common Good

Author: Robert B. Reich

Publisher: Knopf

ISBN: 052552049X

Category: BUSINESS & ECONOMICS

Page: 208

View: 8836

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"...Clear-eyed manifesto for re-centering our economics and politics on the idea of the common good. Robert B. Reich...demonstrates that a common good not only exists but in fact constitutes the very essence of any society or nation...We must weigh the moral obligations of citizenship and carefully consider how we as a country should relate to honor, shame, patriotism, truth, and the meaning of leadership...A fundamental statement about the purpose of society and a cri de coeur to save American soul."--Dust jacket flap.

Supercapitalism

The Transformation of Business, Democracy, and Everyday Life

Author: Robert B. Reich

Publisher: Scribe Publications

ISBN: 1921372052

Category: Capitalism

Page: 272

View: 9593

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Mid-twentieth-century capitalism has turned into global capitalism, and global capitalism - turbocharged, Web-based, and able to find and make almost anything just about anywhere - has turned into supercapitalism. But as Robert B. Reich makes clear in this eye-opening book, while supercapitalism is working wonderfully well to enlarge the economic pie, democracy - charged with caring for all citizens - is becoming less and less effective under its influence. Reich explains how widening inequalities of income and wealth, heightened job insecurity, and the spreading effects of global warming are the logical outcomes of supercapitalism. He shows us why companies, fighting harder than ever to maintain their competitive positions, have become even more deeply involved in politics; and how average citizens, seeking great deals and invested in the stock market to an unprecedented degree, are increasingly loath to stand by their values if it means biting the hands that feed them. As one of America's most influential voices, Reich sets out a clear course to a vibrant capitalism and a concurrent, equally vibrant democracy.

Saving Capitalism From The Capitalism

Author: Raghuram Rajan

Publisher: Harper Collins

ISBN: 9351362094

Category: Business & Economics

Page: 392

View: 889

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For nearly two centuries, scholars and politicians have debated the future of capitalism. In India, its critics have viewed it as intrinsically unstable, seeing signs of its collapse in every fall of the Mumbai stock market. Its supporters see it as the best way to allocate resources. In between are all those searching for a middle ground-a kinder capitalism or a more market-driven socialism. Raghuram G. Rajan, one of the few economists who had warned of a financial sector crisis before it turned to reality in 2008, and co-author Luigi Zingales, who has been involved in developing interventions to cope with its aftermath, argue that free, healthy and competitive financial markets occupy this very delicate middle ground. They are an extraordinarily effective tool in spreading opportunity and fighting poverty. Without them, economies would invariably ossify and decline. Yet, financial markets are among the most highly criticized and least understood parts of the capitalist system-because of the executives who extol their virtues with every breath while attempting to extinguish them with every action. Published previously but just as relevant today, Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. It breaks free of traditional ideological arguments of the right and left and points to a new way of understanding the wealth-generating capabilities of capitalism.

Locked in the Cabinet

Author: Robert B. Reich

Publisher: Vintage

ISBN: 030783056X

Category: Biography & Autobiography

Page: 368

View: 601

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Locked in the Cabinet is a close-up view of the way things work, and often don't work, at the highest levels of government--and a uniquely personal account by the man whose ideas inspired and animated much of the Clinton campaign of 1992 and who became the cabinet officer in charge of helping ordinary Americans get better jobs. Robert B. Reich, writer, teacher, social critic--and a friend of the Clintons since they were all in their twenties--came to be known as the "conscience of the Clinton administration and one of the most successful Labor Secretaries in history. Here is his sometimes hilarious, sometimes poignant chronicle of trying to put ideas and ideals into practice. With wit, passion, and dead-aim honesty, Reich writes of those in Washington who possess hard heads and soft hearts, and those with exactly the opposite attributes. He introduces us to the career bureaucrats who make Washington run and the politicians who, on occasion, make it stop; to business tycoons and labor leaders who clash by day and party together by night; to a president who wants to change America and his opponents (on both the left and the right) who want to keep it as it is or return it to where it used to be. Reich guides us to the pinnacles of power and pretension, as bills are passed or stalled, reputations built or destroyed, secrets leaked, numbers fudged, egos bruised, news stories spun, hypocrisies exposed, and good intentions occasionally derailed. And to the places across America where those who are the objects of this drama are simply trying to get by--assembly lines, sweatshops, union halls, the main streets of small towns and the tough streets of central cities. Locked in the Cabinet is an intimate odyssey involving a memorable cast--a friend who is elected President of the United States, only to discover the limits of power; Alan Greenspan, who is the most powerful man in America; and Newt Gingrich, who tries to be. Plus a host of others: White House staffers and cabinet members who can't find "the loop ; political consultant Dick Morris, who becomes "the loop ; baseball players and owners who can't agree on how to divide up $2 billion a year; a union leader who accuses Reich of not knowing what a screwdriver looks like; a heretofore invisible civil servant deep in the Labor Department whose brainchild becomes the law of the land; and a wondrous collection of senators, foreign ministers, cabinet officers, and television celebrities. And it is also an odyssey for Reich's wife and two young sons, who learn to tolerate their own cabinet member but not to abide Washington. Here is Reich--determined to work for a more just society, laboring in a capital obsessed with exorcising the deficit and keeping Wall Street happy--learning that Washington is not only altogether different from the world of ordinary citizens but ultimately, and more importantly, exactly like it: a world in which Murphy's Law reigns alongside the powerful and the privileged, but where hope amazingly persists. There are triumphs here to fill a lifetime, and frustrations to fill two more. Never has this world been revealed with such richness of evidence, humor, and warmhearted candor.

Saving the Media

Author: Julia Cagé

Publisher: Harvard University Press

ISBN: 0674968719

Category: Social Science

Page: N.A

View: 3689

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Julia Cagé explains the economics and history of the media crisis and offers a solution: a nonprofit media organization, midway between a foundation and a joint stock company, supported by readers, employees, and innovative financing such as crowdfunding. Her business model is inspired by a central idea: that news, like education, is a public good.

Capital in the Twenty-First Century

Author: Thomas Piketty

Publisher: Harvard University Press

ISBN: 0674979850

Category: Business & Economics

Page: 816

View: 7141

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The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.

Animal Spirits

How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

Author: George A. Akerlof,Robert J. Shiller

Publisher: Princeton University Press

ISBN: 9781400834723

Category: Business & Economics

Page: 264

View: 2577

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The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government--simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life--such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes--and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits--the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time--unless we are prepared to take further, decisive action.

The Age of Surveillance Capitalism

The Fight for the Future at the New Frontier of Power

Author: Shoshana Zuboff

Publisher: Profile Books

ISBN: 1782832742

Category: Computers

Page: N.A

View: 3657

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I will make a guarantee: Assuming we survive to tell the tale, The Age of Surveillance Capitalism has a high probability of joining the likes Adam Smith's The Wealth of Nations and Max Weber's Economy and Society as defining social-economics texts of modern times. It is not a 'quick read;' it is to be savored and re-read and discussed with colleagues and friends. No zippy one-liners from me, except to almost literally beg you to read/ingest this book -Tom Peters author of In Search of Excellence Society is at a turning point. The heady optimism that accompanied the advent of the Internet is gone replaced by a deep unease. Technologies that were meant to liberate us have exacerbated social inequalities and stoked explosive political climates across the world. Tech companies gather our information online and sell it to the highest bidder, whether government or retailer. In this world of surveillance capitalism, profit depends not only on predicting our behaviour but modifying it too. How will this fusion of capitalism and the digital shape our values and define our future? Shoshana Zuboff shows that we are at a critical juncture. We still have the power to decide what kind of world we want to live in, and what we decide now will shape the rest of the century. Our choices: allow technology to enrich the few and impoverish the many, or harness it and distribute its benefits. The Age of Surveillance Capitalism is a deeply-reasoned examination of the threat of unprecedented power free from democratic oversight. As it explores this new capitalism's impact on society, politics, business, and technology, it exposes the fundamental struggles that will decide both the next chapter of capitalism and the meaning of information civilization. Most critically, it shows how we can protect ourselves and our communities ensuring we are the masters of the digital rather than its slaves.

A Connecticut Yankee in King Arthur's Court

Author: Mark Twain

Publisher: Univ of California Press

ISBN: 9780520906013

Category: Literary Criticism

Page: 847

View: 7629

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You might wonder what prompted Mark Twain to sidle from ""straight"" fiction into the realm of outright fantasy. Twain transports a Connecticut shop foreman twelve centuries into the past [and 5 000 kilometres!] to Camelot and Arthur's court. Initially confused and dismayed, Hank Morgan's Yankee practicality is quickly aroused and he becomes a major figure among the panopolied knights. With the title of The Boss, his rank equals The King or The Pope with its uniqueness. His elevation doesn't distract him from a more profound impulse, however. Hank's Yankee roots and wide experience evoke an ambition - nothing less than revolution. He wants to sweep away the monarchy and aristocracy and establish an American-style republic in Arthurian Britain. Mark Twain's scathing criticism of the sham of hereditary monarchy bolstered by an Established Church makes this among his choicest writings. He resents the condition of a Church which ""turned a nation of men into a nation of worms."" A fervent believer in individual freedom, Twain uses Hank to voice his disdain of Britain's royalty. It's no more than might be expected of a man who boasted of but one ancestor - who sat on the jury that executed Charles I. Hank knows revolutions never succeed when implemented from above. Revolution be achieved only when the individual's attitude changes from meek acceptance toself assertion. Hank's method reaches people through clandestine schools and factories, publication of a newspaper and establishment of a telephone system. These new forms of manufacture and communication become the foundation by which Hank expects to abolish the ancient, mis-named, chivalric tradition. Does he change the course of history? Twain relocates the roots of American democracy from the heart of the frontier yeoman farmer to the brain of the urban industrial worker. Here the man of wide, practical experience shows how to survive compared to those with a formal education. Hank has a simple ambition - establishment of a republic - but utilizes a broad spectrum of ideas to bring it about. He would gladly replace the Established Church of Rome with his own Presbyterian ideals, but is aware that it would be swapping one evil for another. ""Each man should select his own religion, or make one"" he contends. Yet, finally, it is this dread force that impairs his desire for change. The final sequence stands as a peer to the biblical Armageddon, Twain wallowing in a frightful bloodletting unseen in any of his other works. Mark Twain contrasts the Reign of Terror of the French Revolution with the centuries of slavery, serfdom, and poverty that killed countless more people than that spasm of excising of aristocracy. What else spurred him to write of human rights with such passion? He had written of slavery before, but this book is especially wrathful in describing the ""peculiar institution"" eliminated in his homeland but a generation before. He forces the king to experience the slave's condition, a form of degradation he would have all aristocrats endure. Every feature of the human condition is examined in this timeless treasure. He challenges you to follow his gaze, considering whether today's societies, monarchical or not, will endure the scrutiny.

A Capitalism for the People

Recapturing the Lost Genius of American Prosperity

Author: Luigi Zingales

Publisher: Basic Books

ISBN: 0465038700

Category: Business & Economics

Page: 336

View: 9173

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Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment—paired with rampant nepotism and cronyism—on a country's economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better. In A Capitalism for the People, Zingales makes a forceful, philosophical, and at times personal argument that the roots of American capitalism are dying, and that the result is a drift toward the more corrupt systems found throughout Europe and much of the rest of the world. American capitalism, according to Zingales, grew in a unique incubator that provided it with a distinct flavor of competitiveness, a meritocratic nature that fostered trust in markets and a faith in mobility. Lately, however, that trust has been eroded by a betrayal of our pro-business elites, whose lobbying has come to dictate the market rather than be subject to it, and this betrayal has taken place with the complicity of our intellectual class. Because of this trend, much of the country is questioning—often with great anger—whether the system that has for so long buoyed their hopes has now betrayed them once and for all. What we are left with is either anti-market pitchfork populism or pro-business technocratic insularity. Neither of these options presents a way to preserve what the author calls “the lighthouse” of American capitalism. Zingales argues that the way forward is pro-market populism, a fostering of truly free and open competition for the good of the people—not for the good of big business. Drawing on the historical record of American populism at the turn of the twentieth century, Zingales illustrates how our current circumstances aren't all that different. People in the middle and at the bottom are getting squeezed, while people at the top are only growing richer. The solutions now, as then, are reforms to economic policy that level the playing field. Reforms that may be anti-business (specifically anti-big business), but are squarely pro-market. The question is whether we can once again muster the courage to confront the powers that be.