Can American Capitalism Survive?

Why Greed Is Not Good, Opportunity Is Not Equal, and Fairness Won't Make Us Poor
St Martin's Press
  • erscheint ca. am 25. September 2018
  • Buch
  • |
  • Hardcover
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  • 256 Seiten
978-1-250-18598-3 (ISBN)
Thirty years ago, "maximising shareholder value" became the new business mantra, ushered in by Gordon Gekko and adopted over time across every layer of our economy. Since then, free market capitalism has lifted more than a billion people from poverty around the world. But in the U.S., most of the benefits have been captured by the richest 10%, along with providing justification for cheating customers, avoiding taxes, and leaving communities in the lurch. Today, Americans are losing faith that a free market economy is the best system - they're feeling it in their wallets and they're showing it in the voting booth.

In Can American Capitalism Survive?, Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. He challenges the blind assumptions of free market cheerleaders and puts forth an undeniable argument that equality need not come at the expense of economic growth.

Pearstein lays out bold steps we can take as a country, addressing national service, tax code changes to incentivize companies to share profits with employees, educational opportunity, and more. He provides a path forward that will bring capitalism back to the people, and ultimately ensure prosperity for generations to come.
  • Englisch
  • New York
  • |
  • USA
  • Für höhere Schule und Studium
  • |
  • Für Beruf und Forschung
Includes 14 black and white charts and graphs
  • Höhe: 208 mm
  • |
  • Breite: 135 mm
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  • Dicke: 26 mm
  • 300 gr
978-1-250-18598-3 (9781250185983)
125018598X (125018598X)
weitere Ausgaben werden ermittelt
Steven Pearlstein is a Pulitzer prize-winning columnist for The Washington Post and the Robinson Professor of Public Affairs at George Mason University. He was awarded the Pulitzer Prize for Commentary in 2008 for columns anticipating and explaining the financial crisis and global economic downturn. In 2006 he won the Gerald R. Loeb Award for business and financial commentary, and five years later the Loeb Award for lifetime achievement. He has appeared frequently as a commentator on television and radio. He is the author of Can American Capitalism Survive? He lives in Washington with his wife, Wendy Gray.
"Crisp and accessible... a provocative pulse-reading." --Kirkus Reviews

"Americans have begun to lose faith in capitalism, and that has sapped our optimism and poisoned our politics. In this enlightening and important book, Steven Pearlstein explains how our economic system gradually has undermined our sense of community by glorifying greed rather than fairness. A respected economic journalist, Pearlstein offers sensible ideas for rescuing American capitalism by reconnecting it to our ideals of community, virtue, and responsibility." --Walter Isaacson

"In the Venn diagram of 'economics' and 'interesting, ' Steven Pearlstein occupies the (tiny) overlapping area in the middle." --Malcolm Gladwell

"Steve Pearlstein has written an important book. With equal measures of passion and intelligence, he argues that today's capitalism has gone astray, that the social contract between businesses and society is broken, and that we need to rethink its moral foundations. Business has a big role to play in ensuring that both our economy and our democracy work for all and not just for those at the top. The book is both authoritative and fun to read, a rare combination." --Isabel Sawhill, Brookings Institution

"For nearly four decades, Steven Pearlstein has ranked among our nation's most learned analysts -- and advocates -- of the free market. This makes his trenchant critique of our economic system all the more powerful. Can American Capitalism Survive? is a bold, clear-eyed, brilliantly reported and captivating account of where capitalism has gone wrong, and what must be done to save it from itself." --E. J. Dionne, Jr., co-author of One Nation After Trump

"Steven Pearlstein has written a smart, thoughtful, and practical book about what's wrong with American capitalism and how to fix it. In normal times, I'd strongly recommend. In these perilous times, it's a must read." --Robert Reich, author of The Common Good

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