The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations.
While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
©2010 Robert B. Reich (P)2010 Recorded Books, LLC
"Reich's thesis is well argued and frighteningly plausible: without a return to the 'basic bargain' (that workers are also consumers), the "aftershock" of the Great Recession includes long-term high unemployment and a political backlash - a crisis, he notes with a sort of grim optimism, that just might be painful enough to encourage necessary structural reforms." (Publishers Weekly)
Robert Reich I am sure gets his share of flack from the militant "Right"…and you really can’t publically show your support if you believe Dub-Yah and Reagan were “just like” having Jesus as the president…but for the rest of us…who suffer from, well actually…thinking…you might find this a good read. I give Reich a 8.5 for his presentation and 7 to 7.5 for detailed content. His target audience was the interested working American, who must live through this Investment Banker nightmare…and I appreciate his balanced explanation and suggestions to recover from the loving arms of uncontrolled Wall Street. Now, if you are really convinced that a monster, global exploiting, Wall Street controlled government will actually rebuild the middle class…well...stay away...turn up the Fox News volume...DON’T risk your mental façade!!! You have been warned.
Learn, understand, then decide whether you accept or reject.
Aftershock: The Next Economy explains why the current economic system is unsustainable. I think everybody with any interest with the question of where the economy is going has to read this. Some parts are shocking, but it isn't all doom and gloom. This audiobook explains the problem, the possible consequences and some potential solutions to avert them.
His disproven remedies for an economic fix.
Many of his assertions were not factual
Skewed point of view
His assumptions about governments role in the economy.
Do not recommend this book for a novice on economics.
Liberals will probably like it.
I was amazed at how much spin was in the book. Factual errors and misrepresentation aside, anything contrary to his viewpoint is dismissed and marginalized. I would have though that this would at least been somewhat informative (even it it was obviously biased).
Reading performance was OK, but a diatribe.
It would take days to write a review that does the book justice. Its well written and full of great insights.
If I had to say there was one real revolutionary thought for me it is the following;
The wealthy, no not the rich, but those with 50+Million in the bank, need to come to the party. One of the worst offenders is probably Buffet. He is hoarding the money that could be greasing this economy. He espouses frugality but seems to conveniently forget that the US is a consumer-spending based economy. I lived in Palm Beach for a while and I can tell you that the wealthy don't spend anywhere near their fair share. Ok Warren, you win, you're the best. Now break the weld on that wallet and go buy a few billion dollars worth of American products! Why not buy everyone in Nebraska a new Corvette!
Its pretty simple; you give a guy with 100 Million in the bank a tax cut and he uses it to pad his investments. You give the same tax cut to a working mother of two and that tax cut is spent the next day.
The wealthy should either start spending a fair percentage of their wealth or they should be taxed in order to bring that money back into the economy. This should include a tax on capital, and a tax on income. Everyone knows what happens when one person has all the capital in a friendly game of Monopoly - you have to fold up the board and start again. America is dangerously close to folding up the board. It could get ugly.
i am pretty liberal but this is typical one sided liberal viewpoint. It's like listening to a speech. I like that the author read it, but its pretty much the far left viewpoint without any attempt to provide a balanced opinion/view of the isues.
It is difficult to write about a book that tells us how we as a society have gone wrong after all if you don't like the book what exactly are you saying? I chose this book to try to understand at a greater depth what has happened to our economy and how perhaps it can be right-sided again. I did however have 2 apprehensions as I clicked the download button.
First it is narrated by the author. Not always a good listen in my experience and opinion however Reich does a good job. His voice is provides for easy listening and he doesn't over emphasize for drama as many self read authors do, in my opinion.
Second, would I "get it"? After all this is not the easiest topic to digest and has great potential for being as dry as toast. Reich however does a fantastic job of "dumbing this down" so that any listener can comprehend the issues at hand.
I also think that Reich does a great job of providing us a history lesson to aid in our understanding of the economic cycles. He explains the politics, in a non-biased fashion and helps the reader comprehend how Wall Street has taken over Main Street. I found it valuable to read how we got here and hear some potential solutions for how we might get out.
Most importantly I think I understand(sadly) why my middle class income feels tight and is getting tighter and why my children will likely struggle in ways I did not in my early adult years. And I feel that the suggested solutions that Reich offers are valid and will shape my choices for political candidates moving forward---just not sure that this will be enough. Definitely scary times ahead.
i.m going to read this again . I've recommended it on facebook .1st time I've ever done that
Yes... he provides a lot of analysis and facts that make a second listen worthwhile.
The use of historical analysis. Dr. Reich's credentials in academia are very well established, but his work at the Labor Department during the 1990s was particularly impressive. As an economist, I often shy away from books from people (even those with as good of credentials as Dr. Reich) that have taken an active roles in political fights. However, Dr. Reich does an outstanding job of stepping outside of his liberal background and offering support and criticism of "both sides". His point is decidedly not to blame anyone, nor is it to engage in class warfare (as someone that is very much a capitalist, I appreciated that investors were not the 'villains'). Instead, his focus was on what can we do to make our economy better for EVERY class. His ability to synthesize economics, numbers, history and behavioral finance and then present it in such a way that is easy to follow and understand makes it clear that he is also a very capable educator. I enjoyed a lot about the book, but would have to say the one most memorable thing is that it was a rational, well reasoned and argued prescription that serves all Americans, and does not seek to vilify anyone.
I have not listened to any of his "performances" in audio book before... I have watched some of his speeches and interviews, and this one is relatively comparable. When he is assigned the position of arguing for the political left, he is a bit more partisan than he is in this book, but for the most part it is consistent and always very impressive.
I found myself nodding in agreement a lot... glad to hear someone speaking the clear truth.
If you have an interest in gaining a better understanding of where our economy is right now, and some ideas (not the only ideas, but some pretty good ones) on where we can go now to make our country better off... all while not having to listen to how the rich or the folks on government assistance are the bane of our existence, I highly encourage you to listen to this book
There are no listener reviews for this title yet.
Report Inappropriate Content