Saving Capitalism

For the Many, Not the Few

Author: Robert B. Reich

Publisher: Vintage

ISBN: 0345806220

Category: Business & Economics

Page: 304

View: 5341

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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: 9487

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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.

Saving Capitalism

For The Many, Not The Few

Author: Robert Reich

Publisher: Icon Books Ltd

ISBN: 1785780689

Category: Business & Economics

Page: 304

View: 463

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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.

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: 7925

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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.

Saving Capitalism from the Capitalists

Unleashing the Power of Financial Markets to Create Wealth and Spread Opportunity

Author: Raghuram G. Rajan,Luigi Zingales

Publisher: Princeton University Press

ISBN: 9780691121284

Category: Business & Economics

Page: 369

View: 6755

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In the wake of recent business scandals, financial markets are often thought of as parasitic institutions that feed off the blood, sweat, and tears of human endeavor. This guide shows that such markets in fact supply the fuel of a vital economy.

Supercapitalism

Author: Robert B. Reich

Publisher: Vintage

ISBN: 9780307267856

Category: Business & Economics

Page: 288

View: 9367

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From one of America's foremost economic and political thinkers comes a vital analysis of our new hypercompetitive and turbo-charged global economy and the effect it is having on American democracy. With his customary wit and insight, Reich shows how widening inequality of income and wealth, heightened job insecurity, and corporate corruption are merely the logical results of a system in which politicians are more beholden to the influence of business lobbyists than to the voters who elected them. Powerful and thought-provoking, Supercapitalism argues that a clear separation of politics and capitalism will foster an enviroment in which both business and government thrive, by putting capitalism in the service of democracy, and not the other way around. From the Trade Paperback edition.

Locked in the Cabinet

Author: Robert B. Reich

Publisher: Vintage

ISBN: 030783056X

Category: Biography & Autobiography

Page: 368

View: 2823

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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.

Aftershock

The Next Economy and America's Future

Author: Robert B. Reich

Publisher: Thorndike Press

ISBN: 9781410434128

Category: Business & Economics

Page: 265

View: 4054

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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.

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: 5739

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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.

Summary of Saving Capitalism

By Robert B. Reich | Includes Analysis

Author: Instaread Summaries

Publisher: Idreambooks

ISBN: 9781945251764

Category: Business & Economics

Page: 30

View: 9579

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

The Common Good

Author: Robert B. Reich

Publisher: Knopf

ISBN: 052552049X

Category: BUSINESS & ECONOMICS

Page: 208

View: 1498

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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.

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: 4470

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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.

The Future of Success

Working and Living in the New Economy

Author: N.A

Publisher: Vintage

ISBN: 0375725121

Category: Social Science

Page: 289

View: 7223

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The former Secretary of Labor and author of The Work of Nations takes a close-up look at the new economy and its impact on American life, discussing the vast opportunities and challenges of the Internet marketplace and its implications in terms of jobs and job stability, stress, economic and social stratification, the loss of leisure, family relationships, and more. Reprint. 50,000 first printing.

I'll Be Short

Essentials for a Decent Working Society

Author: Robert B. Reich

Publisher: Beacon Press

ISBN: 9780807043417

Category: Political Science

Page: 121

View: 5026

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From the former Secretary of Labor, a plan to get the economy to work for everyone With his characteristic humor, humanity, and candor, one of the nation’s most distinguished public leaders and thinkers delivers a fresh vision of politics by returning to basic American values: workers should share in the success of their companies; those who work should not have to live in poverty; and everyone should have access to an education that will better their chances in life. An insider who knows how the economy and government really work, Reich combines realistic solutions with democratic ideals. Businesses do have civic responsibilities, and government must stem a widening income gap that threatens to stratify our nation. And everyone must get involved to help return us to a society that works for everyone. Robert B. Reich, a professor at Brandeis University, is author of eight books, including Locked in the Cabinet and The Future of Success. His radio commentary has been heard biweekly on public radio’s Marketplace, and his writing has appeared in The New Yorker, Los Angeles Times, The New York Times, The Washington Post, and The Boston Globe. He lives in Cambridge, Massachusetts.

The next American frontier

Author: Robert B. Reich

Publisher: Viking Pr

ISBN: 9780140070408

Category: Business & Economics

Page: 324

View: 3962

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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

Tales of a New America

Author: Robert B. Reich

Publisher: Vintage

ISBN: 0307830624

Category: Political Science

Page: 256

View: 8549

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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 Work of Nations

Preparing Ourselves for 21st Century Capitalis

Author: Robert B. Reich

Publisher: Vintage

ISBN: 0307772993

Category: Business & Economics

Page: 352

View: 8914

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There is no longer such a thing as an American economy, say Robert Reich at the beginning of this brilliant book. What does it mean to be a nation when money, goods, and services know no borders? What skills will be the most valuable in the coming century? And how can our country best ensure that all its citizen have a share in the new global economy? Robert B. Reich, the widely respected and bestselling author of The Next American Frontier and The Resurgent Liberal, defines the real challenge facing the United States in the 21st century in this trail-blazing book. Original, readable, and vastly informed, The Work of Nations is certain to set a standard for the next generation of policy-makers. From the Trade Paperback edition.

Saving Capitalism and Democracy

Author: M. Rabie

Publisher: Springer

ISBN: 1137321318

Category: Business & Economics

Page: 209

View: 2045

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Saving Capitalism and Democracy tries to answer the difficult questions posed by intellectuals, the media, politicians, students and ordinary people concerning the crisis and how to avert an impending catastrophe.

Toxic Inequality

How America's Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future

Author: Thomas M. Shapiro

Publisher: Basic Books

ISBN: 0465094872

Category: Business & Economics

Page: 272

View: 6275

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"Everyone concerned about the toxic effects of inequality must read this book."--Robert B. Reich "This is one of the most thought-provoking books I have read on economic inequality in the US."--William Julius Wilson Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a tenth that of white Americans, and over recent decades, white families have accumulated wealth at three times the rate of black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities--a dangerous combination he terms "toxic inequality." In Toxic Inequality, Shapiro reveals how these forces combine to trap families in place. Following nearly two hundred families of different races and income levels over a period of twelve years, Shapiro's research vividly documents the recession's toll on parents and children, the ways families use assets to manage crises and create opportunities, and the real reasons some families build wealth while others struggle in poverty. The structure of our neighborhoods, workplaces, and tax code-much more than individual choices-push some forward and hold others back. A lack of assets, far more common in families of color, can often ruin parents' careful plans for themselves and their children. Toxic inequality may seem inexorable, but it is not inevitable. America's growing wealth gap and its yawning racial divide have been forged by history and preserved by policy, and only bold, race-conscious reforms can move us toward a more just society.

Saving the Media

Author: Julia Cagé

Publisher: Harvard University Press

ISBN: 0674968719

Category: Social Science

Page: N.A

View: 2447

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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.