Saving capitalism: for the many, not the few Reich, Robert B.

By:

Reich, Robert B

Material type: Text

TextPublication details: New York Alfered A. Knopf 2015Description: xvii, 279 pISBN:

9780385350570

Subject(s):

DDC classification:

330.973 R3S2

Summary: 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. (http://knopfdoubleday.com/book/227780/saving-capitalism/)

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Item type	Current library	Collection	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	Non-fiction	330.973 R3S2 (Browse shelf(Opens below))	Available		190825

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	330.973 K6C5 The clash of generations: saving ourselves, our kids and our economy	330.973 M2S3 Seven bad ideas: how mainstream economists have damaged America and the world	330.973 R3S2 Saving capitalism: for the many, not the few

Table of Contents:

PART I THE FREE MARKET

01. The prevailing view
02. The five building blocks of capitalism
03. Freedom and power
04. The new property
05. The new monopoly
06. The new contracts
07. The new bankruptcy
08. The enforcement mechanism
09. 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 distribution
21. Reinventing the corporation
22. When robots take over
23. The citizen's bequest
24. New rules

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.

(http://knopfdoubleday.com/book/227780/saving-capitalism/)

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