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)
I spend 90+ minutes a day in my car, Audible makes it enjoyable regardless of what's happening in traffic. My taste varies from endurance fitness to economics and from to combat stories and romance novels.
Middle of the pack. There are a lot of things that I strongly disagree with in the book, but I won't argue that it isn't well written and narrated.
I come from a much more libertarian, Austrian economics point of view and while some of the ideas proposed in the book terrify me, it is well written and does provide a logical explanation as to why they think a Kaisian approach is the best solution to our economic challenges that lie ahead.
There are some downright disturbing proposals in this book including the federal subsidy for earners making less than $40k per year to bring them up to a better standard of living. Of course to fund this he proposes things like a 100% tax on any earnings over $500k. While I will agree that the concentration of wealth to a very small segment of the population has led, in part, to our current economic challenges, his solutions fail to really address the size and scope of government, the perils of Europe in their attempts to create a more just economic system, and where the real political power in DC lies. The book is interesting and educational, but I don't for a second think Reich is on the right track with his solutions.
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!
This book should be required reading whatever your political leaning. It uses non-disputible facts to make predictions of where our economy will be headed given what has recently happened to our current economy.
This book was written a year or so ago. What is scary is that some of Reich's predictions *are already coming true.*
Some of Reich's proposed fixes sound controversial, even for a liberal like me. However, the idea of Social Security probably sounded just as foreign in 1937.
To all our current, future, or would-like-to-be political leaders. You all have a reading assignment: this book.
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.
He draws a line in the sand, just like everybody else with an economic viewpoint. Had a hard time accepting some of what he said as true. Just like every other "research based" opinion I think we can manipulate the data in almost any direction to support our beliefs. Isn't that what we do? Interesting though and worth a listen. The narration was good although I thought it was funny that everyone he quoted sounded like the voice I imagine the snarky old lady (Maxine) on the greeting cards would have.
Keynes would be very proud of this book as it mentions his work often.
there is an often reoccurring talking point, the gap between the poor and the rich, and how accumulating wealth among the rich is the problem with the economy and how it is necessary to tax wealth in order to redistribute it.
Karl Marx would be proud of this book.
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