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)
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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