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Aftershock: The Next Economy and America’s Future | [Robert Reich]

Aftershock: The Next Economy and America’s Future

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.
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Publisher's Summary

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

What the Critics Say

"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)

What Members Say

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  •  
    William SALEM, OREGON, United States 01-10-13
    William SALEM, OREGON, United States 01-10-13
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    "A good analysis by a good economist"
    Would you listen to Aftershock again? Why?

    Yes... he provides a lot of analysis and facts that make a second listen worthwhile.


    What was one of the most memorable moments of Aftershock?

    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.


    Have you listened to any of Robert Reich’s other performances before? How does this one compare?

    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.


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    I found myself nodding in agreement a lot... glad to hear someone speaking the clear truth.


    Any additional comments?

    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

    0 of 0 people found this review helpful
  •  
    David H Palo Alto, CA United States 11-21-12
    David H Palo Alto, CA United States 11-21-12 Member Since 2012
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    "Love the facts in this book"

    I really appreciate all the author had to say about why the New Deal worked. I wasn't convinced by his tax plan, but I do appreciate the effort. There have been a number of books in this area from the likes of Paul Krugman and Joseph Stiglitz -- how can you not talk about the biggest financial crisis in the US (if not the world) since the Great Depression. Having the author read the book had for me the sense of Dr Reich talking to me and explaining what's happening in the economy. It's a quick listen so very worth your time.

    0 of 0 people found this review helpful
  •  
    Lori 11-02-12
    Lori 11-02-12
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    "Interesting but then gets weird."
    What did you like best about Aftershock? What did you like least?

    Some interesting thoguhts about the economy but then it gets way out there at the end. Too far for me to take seriously.


    Do you think Aftershock needs a follow-up book? Why or why not?

    No- I won't read it.


    Any additional comments?

    Interesting book, but at the end the author loses or perhaps I should say passes the point of disbelief. His ideas about what will happen or has to happen feel far too sci-fi.
    Having a political science/legal/government back ground myself, I felt the author needed to do a bit more research on constitutional law as well as how city bonds and city governments work.
    People too often don't understand how cities are chartered and this affects local economies on a far greater level than a mortgage scam or ponzi scheme. When the local economy is going or not going so does the nation.

    1 of 2 people found this review helpful
  •  
    robertwelch MANDEVILLE, LA, United States 09-24-12
    robertwelch MANDEVILLE, LA, United States 09-24-12 Member Since 2012

    rwelch7

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    "A clear analysis for murky times"
    Any additional comments?

    Mr. Reich's comprehensive review of the last century in American economics gives a clear understanding of how the "Great Recession of 2008" came to be, and what can be done to to bring the nation back to prosperity, at least from a Keynesian perspective. His points are well supported and his conclusions are worth listening to, even by those who might have political differences.

    0 of 0 people found this review helpful
  •  
    Kevin Escondido, CA, United States 06-25-12
    Kevin Escondido, CA, United States 06-25-12 Member Since 2009
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    "fascinating and worth the time"
    If you could sum up Aftershock in three words, what would they be?

    Fascinating, detailed perspective.


    What was the most compelling aspect of this narrative?

    We will have the same problem again if tough decisions aren't made soon.


    Have you listened to any of Robert Reich’s other performances before? How does this one compare?

    I miss his appearances on Marketplace.


    Was this a book you wanted to listen to all in one sitting?

    This is worth taking a break as there is so much info. He does a great job of keeping it interesting.


    Any additional comments?

    We need more information like this with historical perspective.

    0 of 0 people found this review helpful
  •  
    J. Piper Ashby, MA United States 04-10-12
    J. Piper Ashby, MA United States 04-10-12 Member Since 2014
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    "Well done. Fair and balanced."

    Too many books these days waiver from facts and reality due to personal and/or political reasons - this one does not. Mr Reich stays with the facts and properly places history in perspective. The times of today are not exactly like economic history, and those that hang on to those 'old' economic beliefs will be left behind. This informative book was a quick 'read' and I'll likely give it another listen.

    1 of 2 people found this review helpful
  •  
    Kim Augusta, GA, United States 02-10-12
    Kim Augusta, GA, United States 02-10-12 Member Since 2014
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    "Uninspiring"

    Perhaps redistributing wealth from the rich to the poor would increase economic activity. But I will never be convinced that any regulatory agency could efficiently and fairly pull it off. Plus, it ignores what I believe about fairness and the rewards of hard work - even if it does not maintain a red-hot economy. Mr. Reich does not discuss the ill affects of a steep Federal Deficit.

    3 of 6 people found this review helpful
  •  
    William Traverse City, MI, United States 01-30-12
    William Traverse City, MI, United States 01-30-12
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    "Just what our economy needs"

    Robert Reich gives a smart and well reasoned assessment of what our economy needs at this moment. Looking back at what worked and what did not work through history, he details why progressive economic reforms are not only desirable, but critical to allow our economy to recover.

    Listening to the book was a pleasure, as Mr. Reich's understanding of the subject matter is amplified by his enthusiasm and what seems to be explanations and storytelling instead of simply reading from a book. Very good performance and pleasurable to hear.

    0 of 0 people found this review helpful
  •  
    Stephen Gross 01-25-12 Member Since 2013
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    "EXCELLENT!"

    I think Reich hits the nail on the head! His assessment and suggestions for having our economy get back on track is worth listening too.

    0 of 0 people found this review helpful
  •  
    David United States 01-15-12
    David United States 01-15-12
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    "Love it or hate it, but it makes you think"
    Any additional comments?

    I can't say whether or not I agree with Prof. Reich's opinions, but they are well laid out and they make you stop and think.

    0 of 0 people found this review helpful
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