Supercapitalism

Supercapitalism

The Transformation of Business, Democracy, and Everyday Life

Book - 2007
Average Rating:
1
Rate this:
Random House, Inc.
From the greatly admired author of The Work of Nations and The Future of Success, one of America's greatest economic and political thinkers as well as a distinguished public servant in three national administrations, a breakthrough book on the clash between capitalism and democracy.

Mid-twentieth-century capitalism has turned into global capitalism, and global capitalism—turbocharged, Web-based, and able to find and make almost anything just about anywhere—has turned into supercapitalism. But as Robert B. Reich makes clear in this eye-opening book, while supercapitalism is working wonderfully well to enlarge the economic pie, democracy—charged with caring for all citizens—is becoming less and less effective under its influence.

Reich explains how widening inequalities of income and wealth, heightened job insecurity, and the spreading effects of global warming are the logical outcomes of supercapitalism. He shows us why companies, fighting harder than ever to maintain their competitive positions, have become even more deeply involved in politics; and how average citizens, seeking great deals and invested in the stock market to an unprecedented degree, are increasingly loath to stand by their values if it means biting the hands that feed them. He makes clear how the tools traditionally used to temper America's societal problems—fair taxation, well-funded public education, trade unions—have withered as supercapitalism has burgeoned.

Reich sets out a clear course to a vibrant capitalism and a concurrent, equally vibrant democracy. He argues forcefully that the spheres of business and politics must be kept distinct. He calls for an end to the legal fiction that corporations are citizens, as well as the illusion that corporations can be "socially responsible" until laws define social needs. Reich explains why we must stop treating companies as if they were people—and must therefore abolish the corporate income tax and levy it on shareholders instead, hold individuals rather than corporations guilty of criminal conduct, and not expect companies to be "patriotic." For, as Reich says, only people can be citizens, and only citizens should be allowed to participate in democratic decision making.

Baker & Taylor
Offers an analysis of the clash between capitalism and democracy to create a system that has enlarged the economic pie while making democracy less effective, detailing inequities of income and wealth, job insecurity, and the escalating effects of global warming.

Baker
& Taylor

The best-selling author of Locked in the Cabinet and The Work of Nations furnishes an in-depth analysis of the clash between capitalism and democracy to create a system that has enlarged the economic pie while making democracy less effective, detailing inequities of income and wealth, job insecurity, and the escalating effects of global warming. 60,000 first printing.

Publisher: New York : Alfred A. Knopf, 2007
ISBN: 9780307265616
0307265617
Branch Call Number: 320.973 REI
Characteristics: 272 p. ; 25 cm

Related Resources


Opinion

From the critics


Community Activity

Comment

Add a Comment

s
StarGladiator
Feb 24, 2013

"..one of America's greatest economic and political thinkers .." Amazing! The intro mentions Reich's pile of garbage, his "Work of Nations" then claims his thinking is somehow above submediocre? ? ? Reich has always been part of the problem, never part of the solution, from his pathetic and substandard performance as Clinton's Secretary of Labor to his tenured position at Harvard, to his present moronic ranting about the "consumer-based economy" (America ceased being such an economy sometime around 1999, when it became a net IMPORTER of tech services), and so forth - - when the uppermost 15% are responsible for that 70% consumption figure - - no such economy exists, it is all the bankers/hedge funds/speculators' economy. His solutions are as pro-Wall Street, albeit somewhat subtle or covert, so suspect everything from the likes of Reich, Jeffrey Sachs, Alan Blinder, and the rest of those faux econ gang. Please do pay attention to Prof. Michael Hudson, Prof. Michael Perelman (the greatest and most consistently correct econmics' thinkers in America), Samir Amin of Senegal, and Prof. Mark Blyth.

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Explore Further

Browse by Call Number

Recommendations

Subject Headings

  Loading...

Find it at ELPL

  Loading...
[]
[]
To Top