In Saving Capitalism, Robert Reich reveals the entrenched cycles of power and influence that have damaged American capitalism, perpetuating a new oligarchy in which the 1 percent get ever richer and the rest - middle and working class alike - lose ever more economic agency, making for the greatest income inequality and wealth disparity since World War II. In brilliantly provocative detail, he shows how our misguided veneration of the "free market" has led us here and offers an empowering call to civic action as well as specific ideas for reform. A former White House advisor, talk show fixture, lecturer, and essayist and the star of last year's acclaimed documentary Inequality for All, Robert Reich is a beloved ambassador of progressive economics and a voice of reason in a media climate of fear mongering and finger pointing.
©2015 Robert B. Reich (P)2015 Recorded Books
Normally, I'm not especially interested in economics. But I was fascinated with Robert Reich's explanation of how the middle class’s buying power and political influence have been transferred to the hands of the wealthiest with the full complicity of politicians on both sides of the spectrum.
I am certain RR is right when he suggests that if more of us understood what is actually happening, we’d cease the right vs. left debate --which miss the point-- and focus on how the world economy’s gone out of whack and on how to accommodate the new realities caused by the relocation of manufacturing jobs and the ability of successful tech companies to make crazy money with relatively few employees.
I also believe he’s right in suggesting those of us in what remains of the middle class are not lazy or useless, as we may have started to believe. In fact, we’re more productive than our parents were. We are just being paid less than our parents, counter-intuitively. The wealth we help generate is no longer being shared with us in an equitable manner. An ever-increasing share is redirected to the new aristocracy.
Do yourself and your kids a favour and read this book. You’ll be shocked at what you’ll learn but glad you did.
Inequality has been Mr. Reich's favorite topic for a while. In this book the author employs years, if not decades, of research to describe the forces governing and dictating the future of America. He proposes a number of alternatives to correct the course of wealth distribution and does a good job of handling common objections to his proposals. This is a much more mature book, in my view, as compared to Supercapitalism, for example. His ideas are clearer and more organized. It also helps to have the author narrating his own book, to give the right intonation amd emphasis where needed. I definitely recommend this audiobook to people interested in forming a broader understanding of distribution of wealth and its impact in society.
Reich does a great job connecting the dots between wealth and resulting political power used to set the market rules and concentrate the wealth. He also provides useful historical background and comparisons with modern politics. Particularly curious was his review of his own predictions 25 years ago on overall labor allocation.
I suspect many who perceive Reich as overly biased left won't make the time to read this latest work which Is unfortunate. The review of macro economic and political trends is quite fascinating and Reich builds a plausible narrative which connects the far left and far right on shared dissatisfaction of the status quo.
A revealing look at the reasons for the economic mess we are in and ways we can transform our current oligarchy into a democracy for all.
Gwen and her husband Jamie are members of XENSHA, a Virginia-based worker cooperative, and share an Audible account.
We all realize that something has gone very wrong in America, but we can't seem to figure out what it is. Reich concisely explains why this is (because we're easily distracted by largely irrelevant claims), what happened (while we were arguing over markets versus government intervention, the fundamental rules of the market were rewritten in ways that make us worse off), and what we might do about it (reinvigorate countervailing power that can offset the influence of concentrated wealth).
"Saving Capitalism" is a nonfiction book, so it doesn't have characters for the most part, but Reich reads with excellent inflection and enunciation, and he incorporates different voice styles when quoting historical figures. The result is a very engaging vocal rendering of a very engaging book.
Maybe I haven't been reading the right books because I have to say this book is one of the best books I have read recently, not only does Robert give us the details on how capitalism is flawed for the average American. But He also dedicates a chapter on possible solutions to fix the problem. Lots of new knowledge and easy to comprehend. I have a few things in mind that came from this book that I will further research. Five stars.
The book is about the "Free Market" and how it is not a natural "free" thing but a set of rules shaped by our legislators who have largely been influenced by large corporations, Wall Street, and wealthy individuals. It is not a polemic. Reich is excellent as the narrator.
I hope it gets wide readership. I agree with Reich that the current trend in having a government of the rich, by the rich, and for the rich may change, but it sure takes the public a long time to catch on. We need a movement.
Exceptionally well performed. A true eye opener that takes one through, not only what the current problems are and what the possible solutions would be, but what can be done to improve the status quo in any capitalist economy.
This book delineates very clearly the deficiencies to our current political economy and begs the question whether we will do what is necessary to fix it. Mr. Reich does this without asking whether it is possible.l- he instead hakes it resoundingly clear that it is not only possible, but necessary.
This is one of the most important books I've ever read.
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