Saving Capitalism
For The Many, Not The Few
Published on 2. June 2016
304 pages
978-1-78578-068-4 (ISBN)
Description
'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.
'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.
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Book
06/2016
Icon Books
€36.11
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Person
Robert Reich is Chancellor's Professor of Public Policy at the Richard and Rhoda Goldman School of Public Policy at the University of California, Berkeley, and senior fellow at the Blum Center for Developing Economies. He has served in three national administrations and has written fourteen books, including the bestsellers Supercapitalism and Locked in the Cabinet. His articles have appeared in the New Yorker, Atlantic, New York Times, Washington Post, and Wall Street Journal. He is co-creator of the award-winning 2013 film Inequality for All.
Content
- Intro
- Copyright Page
- Dedication
- Contents
- Preface to the British edition
- Introduction
- Part I: The Free Market
- 1. The Prevailing View
- 2. The Five Building Blocks of Capitalism
- 3. Freedom and Power
- 4. The New Property
- 5. The New Monopoly
- 6. The New Contracts
- 7. The New Bankruptcy
- 8. The Enforcement Mechanism
- 9. Summary: The Market Mechanism as a Whole
- Part II: Work and Worth
- 10. The Meritocratic Myth
- 11. The Hidden Mechanism of CEO Pay
- 12. The Subterfuge of Wall Street Pay
- 13. The Declining Bargaining Power of the Middle
- 14. The Rise of the Working Poor
- 15. The Rise of the Non-working Rich
- Part III: Countervailing Power
- 16. Reprise
- 17. The Threat to Capitalism
- 18. The Decline of Countervailing Power
- 19. Restoring Countervailing Power
- 20. Ending Upward Pre-distributions
- 21. Reinventing the Corporation
- 22. When Robots Take Over
- 23. The Citizen's Bequest
- 24. New Rules
- Acknowledgments
- Notes
- Index
- A Note About the Author
- A Note on the Type
- Back Cover
