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)
Some interesting thoguhts about the economy but then it gets way out there at the end. Too far for me to take seriously.
No- I won't read it.
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.
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.
Fascinating, detailed perspective.
We will have the same problem again if tough decisions aren't made soon.
I miss his appearances on Marketplace.
This is worth taking a break as there is so much info. He does a great job of keeping it interesting.
We need more information like this with historical perspective.
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.
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.
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.
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.
yes, it actually needs a second listen to see what happened and where the country is headed
the demise of our economy driven by greed and no thought of the average american
the whole book was very well written and moments of disappointment in the so called leadership in washington.
good listen, get it and dont be fooled by the spin from the greed and con bunch such as FOX news. just listen and look for facts and make your own judgement. the simple mind is what the right wants to win their votes by smoke and mirrors and outright lies. mr reich delivers with this book and more power to him!
Robert Reich has written a pithy, accessible explanation of the core economic problem surrounding income disparity. HIs analysis is spot-on, and although you may not fully agree with his proposed solution(s), I certainly wish he had been on President Obama's economic A team.
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