Saving Capitalism

Saving Capitalism

For the Many, Not the Few

Book - 2015
Average Rating:
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Outlines how the American economic system is failing, with increasing income inequality and a shrinking middle class, and reveals how a market designed for broad prosperity can reverse the trend toward diminished opportunity.
Publisher: New York : Alfred A. Knopf, 2015
Edition: 1st ed
ISBN: 9780385350570
0385350570
Characteristics: xvii, 279 p. : ill. ; 25 cm

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Dragutin00
Sep 15, 2016

After reading Gar Alperovitz's America Beyond Capitalism and Chris Hedges' Wages of Rebellion, this book feels like a shallow, poor imitation. Although I agree with many of Mr. Reich's conclusions, I don't think I would agree with them if this is the only book I read on the subject - there's too much hand waving here for me. If you enjoyed the topics in this book, I highly recommend you read the other two books I mentioned instead.

m
meltec
Jun 02, 2016

SAVING CAPITALISM IS AN ESSENTIAL READ FOR ANYONE LOOKING FOR A JOB IN THE FUTURE. IT LEAVES NO DOUBT IN YOUR MIND OF WHO IS IN CONTROL OF POLITICS AND THE ECONOMY AND WHERE THE REST OF US SIT. eXCELLENT BOOK!

n
normf3
Mar 18, 2016

A somewhat depressing treatise that aligns with Bernie Sanders' ideas of a rigged system that unfortunately rings true. Reich fears that capitalism will fall if most all of the wealth goes to a very few. This can be seen today with middle class wages that seem to go nowhere and the obscene CEO pay. Reich makes interesting points about corporations having responsibilities to its employees and the community - not just to maximize shareholder value. He also lays out some things that would make the system more fair, but will probably not come to pass.

v
voisjoe1_0
Mar 15, 2016

Post FDR, we have seen the enactment of laws promoting the interests of the 1% at the expense of the 99% in the areas of Monopoly, Contracts, Bankruptcy, Judicial Enforcement, and Property Rights. The 1% has spread the myth that the massive transfer of wealth from the 99% to the 1% has been because of the marvelous invisible forces of the free market system, not the laws the 1%has promoted (can we say bought?). Also, the 1%has promulgated the idea that the only duty of the corporations is to benefit their shareholders (largely the 1%) and not the employees and the communities in which they exist. Reich, a believer in the capitalist system, says that we must make changes to make American capitalism once again a system that benefits the many (the 100%) and not just the few (the 1%).

bickjd Jan 26, 2016

Epigraph: "There are two modes of invading private property; the first by which the poor plunder the rich...sudden and violent; the second, by which the rich plunder the poor, slow and legal."

This book explores systematic relationships that have been leading to greater wealth inequalities, extreme manipulation of information, and less responsive and inclusive politics. How patents are unjustly used to maximize profits at the expense of the public good; how advertising and perverse incentives leads to higher healthcare costs for all; why the U.S. is ranked 28th in terms of access to high speed internet and 23rd in terms of cost of internet; how the banks are even bigger and badder since the financial crisis; and how tax deductible charity donations mostly benefit the rich while undercutting civil services.

Robert Reich (popular Berkeley professor and former Secretary of Labor) outlines key policy recommendations that would help our economic and political systems work better "For the Many, Not The Few".

redban Nov 27, 2015

Robert Reich was the Secretary of Labor in the Bill Clinton administration, the same administration that did so much to help their Wall Street financiers by deregulating Wall Street during the Greenspan era! And not to mention the "free trade" agreements (NAFTA) and the war on Social Security.

Yes, you might hear some nice keywords and scratch the surface of some Progressive ideas, but why listen to a someone with so much political and financial baggage?

So enough with the likes of Robert Reich, Paul Krugman, Michael Lewis, etc. They only appear to be critical thinkers next to the horde of shills in corporate mainstream media/publishing, but we can do better!

Try reading on the topic of "Neoliberalism" to understand how the status quo was constructed. Matt Taibbi's "Griftopia" is a fun place to start. Also, Donald Gutstein's "Harperism", which has a great introduction on the corporate takeover.

Also, the fantastic David Graeber ("Debt: The First 5,000 Years", "The Democracy Project")! Nomi Prins ("It Takes A Pillage", "All the Presidents' Bankers")! For the more technical, Michael Hudson (the classic "Super Imperialism"). Many amazing thinkers out there once you get past the corporate propaganda.

redban Jun 23, 2015

Robert Reich was the Secretary of Labor in the Bill Clinton administration, the same administration that did so much to help their Wall Street financiers by deregulating Wall Street during the Greenspan era! And not to mention the "free trade" agreements (NAFTA) and the war on Social Security.

Yes, you might hear some nice keywords and scratch the surface of some Progressive ideas, but why listen to a someone with so much political and financial baggage?

So enough with the likes of Robert Reich, Paul Krugman, Michael Lewis, etc. They only appear to be critical thinkers next to the horde of shills in corporate mainstream media/publishing, but we can do better!

Try reading on the topic of "Neoliberalism" to understand how the status quo was constructed. Matt Taibbi's "Griftopia" is a fun place to start. Also, Donald Gutstein's "Harperism", which has a great introduction on the corporate takeover.

Also, the fantastic David Graeber ("Debt: The First 5,000 Years", "The Democracy Project")! Nomi Prins ("It Takes A Pillage", "All the Presidents' Bankers")! For the more technical, Michael Hudson (the classic "Super Imperialism"). Many amazing thinkers out there once you get past the corporate propaganda.

s
StarGladiator
Jun 22, 2015

Reich has a great shtick or scam, he tells us stuff we already know, and expects us to clap and applaud him?!?!?!?
Or, he sticks with feeding us the conservative stuff, e.g., in 1990 the top 5 banks held 10% of the banking assets; in 2000 it was 25% and today it is 44% - - but DOESN'T TELL US that the Big 4 investment firms are the major shareholders of those top 5 banks, along with the majority of corporate assets --- as in over 80%.
Nor does he come out and tell us that the banks own the oil companies, and together they own all the financial exchanges and clearinghouses, which they have completely rigged!
Why Bobby Reich, won't you tell your audience this??????
Non-rated because some shills just don't deserve to be rated!
[The Big 4: BlackRock, Vanguard Group, State Street and Fidelity {FMR LLC}]

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