Reich, raised in South Salem, N.Y., remembers when “work hard, get ahead” was still very much achievable. Labor could command a bigger share of the pie simply due to supply and demand. 279 pages. It achieved that purpose. You can download it for free for 2 weeks, read it on your computer of iPad. If you’ve ever been exposed to Robert Reich’s “Wealth and Poverty” course at UC Berkeley, perhaps through the film Inequality for All, or heard him speak in public, you know that there are few people alive today who are his equal in the ability to explain complex economic and social issues so cogently and compellingly. Here are four of them. He seemed to just "tell" you things are the way he says they are rather than "show" how they are. He hearkens back to the 1950s and 60s as kind of golden age in which a hard working American could earn enough to support his children and a stay-at-home mom, make mortgage payments on a comfortable residence, and pay for college. This book was somewhat frustrating to read because of all of Reich's glaring omissions and leaps in logic. The Axis Powers had been devastated but a number of countries on the winning side (France, China, the Soviet Union, the Netherlands) had been battered as well having been bombed, invaded, occupied, reinvaded, and stripped of industrial as well as agricultural resources. was a big fan of Mr. Reich's - UNTIL I spend 2015-17 in grad school at UC Berkeley. I was not at all persuaded. Reich explains why corporati. “We weren’t rich,” Reich writes, “but never felt poor.” For 30 years after World War II, the family’s income and purchasing power grew in lock step with the American economy, as did that of the broader middle class. Directed by Jacob Kornbluth, Sari Gilman. He omitted discussion of salient free market counterpoints to his arguments and mainly attacked strawmen. That said, I’d be curious to see a data-based refutation of what Reich argues; I think his argument would hold up under objective scrutiny. They are on the side of those with the power.". His fear is that “we are lurching toward a capitalism so top-heavy it cannot be sustained.”. As of early 2014, two-thirds of Americans agreed that hard work would get most people ahead, and a full 80 percent felt that “everyone has it in their own power to succeed,” according to a poll by the Pew Research Center. Reich explains some of the factors that have caused this to occur. His new book, Saving Capitalism - For the Many, Not the Few, focuses on the change in income distribution which occurred starting around 1980. After casting the winning vote for Bush in Ohio (I'm sorry, America) and then voting for McCain (I'm really sorry, America) I started warming up to liberal policies during the Obamacare debate. This makes me think this book is directed to those who already agree with him rather than people who are reading it more critically. But their hope was the country would be so polarized that it would be paralyzed. He correctly points out that a much larger share of pre-tax income has been captured by the top 10%, 1%, and .01% than had been the case in the past. September 29th 2015 To understand “Saving Capitalism,” Robert Reich’s sweeping treatise on inequality in America, you must accept a central premise: The free market is fundamentally a human construct and so to debate the appropriateness of government in shaping it is beside the point. I have no business relationship with any company whose stock is mentioned in this article. ISBN 978-0-385-35057-0 This is an important and thorough look at the economic aspect of what is wrong in America today- and since many of our other ills spring from the economics, it speaks to areas not explicitly addressed as well. Reich does a great job of laying out how we can critique and correct capitalism without throwing the baby out with the bath water. Reich's key point, and the one on which the rest of the book hangs, is that our political debate over preferring the "free market" on one hand to more government intervention on the other, is misguided: there is no disembodied market without rules made by government, that is, by humans. A smorgasbord of reforms he proposes in the final pages includes reversing Citizens United, tying corporate tax rates to C.E.O. Haven't read any of his books. I have no business relationship with any company whose stock is mentioned in this article. This makes me think this book is directed to those who already agree with him rather than people who are reading it more critically. I have had no party affiliation for 25 years now and am a skeptic. I would highly recommend this book for those interested understanding the current economic situation our country is in. From 1945 at least until 1970, we were living in the shadow of World War 2. Managements which were more focused on shareholder interests couldn't have done much worse. In spite of this, Horatio Alger’s creed remains strong. He served as Secretary of Labor under President Bill Clinton from 1993 to 1997. Disturbing but highly motivating, I'm skeptical of big business, big corporations, big banks *and* big government in about equal measure. That was the explicit objective of the Russian f. I've only seen short videos of Reich. Reich's book goes a long way in helping to make sense of the current economic state of our country. Robert Reich is always insightful and interesting, and his heart is in the right place. By 2013, the median American household, after adjusting for inflation, was earning less than it did in 1989. He doesn't discuss Federal Deposit Insurance nor does he really suggest a plausible solution. Myths and legends, as Hunter S. Thompson observed, die hard in America, but perhaps none so hard as this one. He points out that this situation is not only not desirable but not sustainable in t. Reich's key point, and the one on which the rest of the book hangs, is that our political debate over preferring the "free market" on one hand to more government intervention on the other, is misguided: there is no disembodied market without rules made by government, that is, by humans.

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