Robert Reich’s Saving Capitalism For the Many, Not the Few (2015 Penguin Random House) Book Review by Christopher Nowlin This review of Robert Reich’s Saving Capitalism For the Many, Not the Few is admittedly belated but perhaps timely for this very reason. Reich does a great job of laying out how we can critique and correct capitalism without throwing the baby out with the bath water. He is a trustee of the Economists for Peace and Security. See All Audience Reviews Saving Capitalism Quotes. Reich's book goes a long way in helping to make sense of the current economic state of our country. 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. Robert Reich concisely summarizes what's been happening with capitalism in the last few decades, showing how special interests have corrupted the system, and suggesting ways to fix it. You could probably look into the Hoover Institute for the other side. A review of Robert Reich's Saving Capitalism. 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. Far from perfect, it substitutes in-depth analysis for readable theory making it the perfect introduction to the material. BUY NOW FROM ... Review Posted Online: July 27th, 2015. Haven't read any of his books. Yet in today’s economy, those adages have become perverse, more inclined to depress than to inspire. “Saving Capitalism” is loaded with broad proclamations, while at times frustratingly spare on the particulars. Robert Reich is clearly experience and knowledgable, I'm just not as hopeful as he that we can find the will as a nation to do the right things to save ourselves. This was my first reading of a work by Reich. He doesn't offer too many practical solutions, but I think with this sort of problem, the first step is recognizing the problem. Goodreads helps you keep track of books you want to read. Name: Robert B. Reich. This is a critically important book for a few reasons. Hometown: Scranton, Pennsylvania. If you're not finished, it's automatically repossessed when the 14 days is up, but if it's not reserved, you can immediately borrow it for another 14 days. Americans will lead the way for reform as they have done in the. And few indeed are as funny as he is, either: the man could make a go of a career with a standup act. Reichs straightforward analysis is simply a pleasure to read. Belonging to the middle class family (general category) of a developing nation I understand it very well how me and my family and billion other people wishes and decisions are everyday moulded by our stagnated and tumbling financial situation, not what we really wish to have at all most every point be it the necessities, higher education , lifestyle , entertainment etc . “The notion that you’re paid what you’re ‘worth,’ ” Reich writes, “is by now so deeply ingrained in the public consciousness that many who earn very little assume it’s their own fault.”. 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. He is currently a professor at the, Robert Bernard Reich is an American politician, academic, and political commentator. Any remedy to the corporate oligarchy in which we find ourselves, in my opinion, has to recognize that ceding corporate power into the hands of an equally powerful state is playing with fire. He omitted discussion of salient free market counterpoints to his arguments and mainly attacked strawmen. His approach here isn't ideological but pragmatic, not based on preconceived notions of *a fair society* but on the alarming economic data and preventable inequities in our own society as they stand. “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. And it's a book that explains why Bernie Sander's campaign has drawn so many supporters. Haven't read any of his books. This book was somewhat frustrating to read because of all of Reich's glaring omissions and leaps in logic. As an, See all 5 questions about Saving Capitalism…, THE FUTURE OF DEMOCRACY: Lessons From the Past and Present To Guide us on our Path Forward, Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right, John Kenneth Galbraith's notion of countervailing power, the work of Felicia Wong and the Roosevelt Institute, Robert Reich: "Saving Capitalism: The New Rules for Shared Prosperity", Bill Gates Picks 5 Good Books for a Lousy Year. When he did try to show his. Let us know what’s wrong with this preview of, Published The evidence he cites to show that corporate directors once thought they owed a duty to employees, the community, the environment, was weak as well. For the last 37 pages, which entirely fail to unpick how the hell we stop being fucked, 1 star. Moneyed interests do not want the curtain of the free market lifted because that would expose their influence over the rules of the capitalist game and reveal potential alliances that could countervail that power. Reich has a gift for clear thinking and exposition. One huge victory for corporations was the 2010 Citizens United Supreme Court case which ruled that it was unconstitutional to prohibit organizations from contributing to political campaigns. Just a moment while we sign you in to your Goodreads account. 'SAVING CAPITALISM': Three and a Half Stars (Out of Five) A documentary about capitalism in modern society, starring liberal politician Robert Reich. ISBN 978-0-385-35057-0 I've only seen short videos of Reich. Mr. Reich is also on the board of directors of Tutor.com. In 1978, the chief executives of America’s big companies took home 30 times the pay of their average workers; in 2013, that multiplier was 296. While Saving Capitalism the movie is light on contrary voices (Nobody was willing to go on camera saying “Everything’s fine. We can have democracy or we can have massive wealth in the hands of few people but we can't have both. By and large, "Saving Capitalism" amounts to Robert Reich telling people to be more politically involved and fight special interests. Because this is my field, there was nothing in here that I didn't already know, but this is a must-read for all Americans. Reich explains some of the factors that have caused this to occur. My favorite part of the book was when he discussed the negative sum game of capitalism. Preview this book » What people are saying - Write a review Though Reich's analysis reveals a grim reality, his predictions are optimistic. With Robert Reich, Darvin Bentlage, Annie Presley, Guadalupe. 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. There is a beautifully clear simplicity to this. The polarization on both ends seems obvious to me. He argues that because of the anti-regulatory business environment that has taken hold since the 1980’s, the influence of money in politics, made all the worse by Citizens United, and the automation and disappearance of more and more of our jobs, the American capitalist system has become so top-heavy that it will collapse if we don’t regulate it to share more of the wealth. This is a really quick read for the liberal looking to impress their friends and win a few internet debates about economics. We already know that there is a problem. For example, why is he citing Wisconsin Supreme Court cases to show the supposed original purpose of antitrust law? Reich has a gift for clear thinking and exposition. This book was somewhat frustrating to read because of all of Reich's glaring omissions and leaps in logic. And few indeed are as funny as he is, either: the man could make a go of a career with a standup act. Saving Capitalism is a well-written, thought-provoking book by one of America's leading economic thinkers and progressive champions. This is just one example of the current cycle in which corporations and their top executives are accumulating more and more wealth and in-turn, are able to use their wealth to influence politicians. In India also the gulf between rich and the poor is increasing whether it is social economical political etc. In the decades since, however, upward mobility has largely vanished. Icon Books Ltd. 2016. Reich’s straightforward analysis is simply a pleasure to read. Although the book is written from American perspective and its society . Capitalism most definitely is at a crossroads. I've only seen short videos of Reich. The mythology is useful precisely because it hides their power.”, “The simultaneous rise of both the working poor and non-working rich offers further evidence that earnings no longer correlate with effort.”, http://knopfdoubleday.com/book/227780/saving-capitalism/. By 2013, the median American household, after adjusting for inflation, was earning less than it did in 1989. I found his writing to be easy to follow, while laying out great points. Reich is a former Harvard University professor and the former Maurice B. Hexter Professor of Social and Economic Policy at the Heller School for Social Policy and Management at Brandeis University. The question of capitalism’s longevity has been the subject of many "big think" books in recent times. I was not at all persuaded. In his new book, Saving Capitalism: For the Many, Not the Few, he tackles this obsession with free markets. Audience Reviews for Saving Capitalism. It helps, of course, that he graduated from Dartmouth College summa cum laude, and is an excellent speaker and professor who, in Jacob Kornbluth and Sari Gilman’s documentary “Saving Capitalism,” finds him on metaphoric soapboxes in colleges, in bookstore signings, and now, in a Netflix film. Anyone know when this might be? Reich’s concern is that over the last three decades, the lead authors have been Wall Street, big corporations and the wealthy elite. About the author: Robert Bernard Reich is an American politician, academic, and political commentator. 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. The winnings at the top, meanwhile, have piled up. Saving Capitalism feels like homework, but it will give you vital understanding and perspective. Saving Capitalism: For the Many, Not the Few is the latest addition to Robert Reich’s cohort of publications. I also like that he did not take political sides while outlining both major parties complicity in looking out for the wealthy at the expense of the middle class. The wage gap between the lowest earners and highest earners in this country has been increasing over the last few decades and the middle class is slowly shrinking. This is one of those books everyone should read before November 8th. This is one of those books everyone should read before November 8th. by Nassim Nicholas Taleb Nonfiction. I have had no party affiliation for 25 years now and am a skeptic. Robert Bernard Reich is an American politician, academic, and political commentator. He simultaneously offers us a chilling look at the market realities in force today and an inspiring view of what we can do to improve things. He points out that this situation is not only not desirable but not sustainable in. In his most recent book, Saving Capitalism: For the Many, Not the Few, economist and former Secretary of Labor, Robert Reich enters the debate on our failing American economy by disrupting the prevailing view that the free market is natural. He is an occasional political commentator, notably on, “The idea of a “free market” separate and distinct from government has functioned as a useful cover for those who do not want the market mechanism fully exposed. 279 pages. by Ha-Joon Chang Nonfiction. Saving Capitalism Reviews. The entire economy survived for centuries, benefitting only a small wealthy class. Regular viewers of Robert Reichs Resistance Report will find the arguments in this book very familiar, but it was written before the 2016 election, which only goes to prove how prescient Robert Reich is. Full Review | Original Score: 3/5 Top Critic. Directed by Jacob Kornbluth, Sari Gilman. Things are really polarized now. SAVING CAPITALISM is a documentary film that follows former Secretary of Labor and Professor, Robert Reich, as he takes his book and his views to the heart of conservative America to speak about our economic system and present big ideas for how to fix it. Saving Capitalism: For the Many, Not the Few. Freedom Socialist book review — “Saving Capitalism” ... His new book, Saving Capitalism: For the Many, Not the Few offers a genial apology for the system’s gross inequalities. Reich is a former Harvard University professor and the former Maurice B. Hexter Professor of Social and Economic Policy at the Heller School for Social Policy and Management at Brandeis University. The wage gap between the lowest earners and highest earners in this country has been increasing over the last few decades and the middle class is slowly shrinking. Most people don’t have a shot at even getting close to such wealth. Born: Jun, 1946. — The New York Review of Books “If you want to understand why income and wealth inequality are the economic, political, and moral issues of our time, you must read this book. For the Many, Not the Few. What makes this book a five-star read is that it's applicable. As Saving Capitalism films Reich on his book tour promoting the book of the same title, he jokes of how, upon seeing the title, those right-of-center question what about the free-enterprise system needs "saving," exactly, while those left-of-center question why anyone would want to even bother saving such an immoral system. This is the book that made it clear to me why some people could simultaneously support Donald Trump and Bernie Sanders. In our present culture, the rules strongly favor the people at the top---those with the most money---and that money buys power. He is clear-sighted, persuasive, and ultimately inspiring. When he did try to show his evidence falls far short. What is it about? He seemed to just "tell" you things are the way he says they are rather than "show" how they are. Despite Reich's sometimes unfounded optimism, I greatly enjoyed the book and highly recommend it to anyone interested in learning about the reality of income inequality and money in politics. ANTIFRAGILE. Reich explains how political changes in the last three decades is accelerating wealth inequality. He thinks self-interest and innovation drives economies, incentivizing productive behavior is good, etc but also that unfettered capitalism allows the super rich to gain more and more control over the state to the detriment of the people. pay ratios and creating a basic minimum income. It uses plenty of real-world examples, explains their faults, then offers theoretical suggestions for improvements. Myths and legends, as Hunter S. Thompson observed, die hard in America, but perhaps none so hard as this one. Reviews from Goodreads.com. Wall Street, through its influence in Congress, is tweaking the system in their favor, and thus altering the way Americans live. Bill Gates, tech pioneer, co-founder of Microsoft, and co-chair of the Bill & Melinda Gates Foundation, is an avid reader who people follow... To see what your friends thought of this book, It's available for free in the Internet Archive library. 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