Supercapitalism

The Transformation of Business, Democracy, and Everyday Life

By: Robert B. Reich

Narrated by: Dick Hill

Since the 1970s, and notwithstanding three recessions, the U.S. economy has soared. Consumers have been treated to a vast array of new products, while the prices of standard goods and services have declined. Companies have also become far more efficient, and the stock market has surged. In short, American capitalism has been a triumph, and it has spread throughout the world.

At the same time, argues the former U.S. secretary of labor, Robert B. Reich, the effectiveness of democracy in America has declined. It has grown less responsive to the citizenry, and people are feeling more and more helpless as a result. In Supercapitalism, Reich discusses how capitalism has spilled over into politics, how it threatens democracy, and how citizens both benefit from and lose out because of supercapitalism.

©2007 Robert B. Reich (P)2007 Tantor Media Inc.

Critic reviews

"A thought-provoking analysis....A must-read for anyone interested in the health of American democracy." (Laura Tyson, former chairman, National Economic Council)
"Supercapitalism reminds us that the power of political courage grows when it is joined with clear thinking." (Bill Bradley, author of The New American Story)

Top of the Reading List

Very enlightening. Should be retitled "The Mandatory Voter's Handbook." Reich's disaggregation of our inner "consumer-investor-citizen" marvelously clarifies so many social issues today. His insistence that a corporation is not an individual but a legal construct (contracts with investors) pulls the curtain away from the Wizard of Oz. The whole idea of the corporation as a "person" capable of "good corporate citizenship" masks the logical structure and purpose of companies. That's not what they are for, not what they do. They are merely assuming unto themselves the powers that should rest with our legislators. Read it and send a copy to your representatives. Narration is not stellar, but well paced, sober, and quite adequate.

Robert Reich for V.P. (of the U.S.)

The book carefully explains the rise of and the impact of hyper-competition on business. This is not new to Reich and is probably dealt with in more detail elsewhere, but Reich’s treatment is very good. He then points out that this change has emasculated some aspects of democracy. Something that Al Gore has also written about. He then says that the solution has to be better policing of the marketplace and more carful construction of the rules of law. Of course, only government can do this.

Reich has had a string of really good books. This one is very good, but perhaps not quite as good as some of his others.

It’s important to say what he says. It’s an important response to the free market mantra. And he’s attempting to articulate a middle ground that doesn’t involve reverting to unions and over-regulated industries or the gradual decent into lawlessness. As a political statement he may be just right. But as an intellectual statement, he fails to address the question, “How do we do this”. How do we get the government do a better job of protecting us from fraud and exploitation without gradually reverting to pre-Carter style regulation?

“In the not quite golden years”

This is pretty good though in my mind Mr Reich seemed to repeat himself a bit too much for my taste. Overall it doesn’t take away from the importance of the book though it implants a bit of consternation in my mind while listening.

A really interesting point that he makes is the costs of competition in the economy. Counterintuitively we seem to pay more because not only is there more competition in this country but from overseas markets as well. You’d think Wal Mart would feel the pinch from lame web sites like Temu but there they are, still bathing in gold down there in Arkansas.

Superb - Why we can never go back to the economies

What made the experience of listening to Supercapitalism the most enjoyable?

Mind boggling in scope. Super Capitalism is the story of the releasing of the genie from the bottle in global terms. Robert Reich explains it in astoundingly simple terms but the effect is complex and rich in details and under lying social anxiety.

What other book might you compare Supercapitalism to and why?

Carl Sagan's Cosmos. It is ground breaking understanding of the state of the art of where we are as mankind develops. An in depth statement as to why we are the way we are and how we are shaping a new social fabric.

Which scene was your favorite?

How globalization has effected every society on earth and interlinked everyone and everything. Everyone within the confines of the new Supercapitalism will be integrated and actual war within those confines will be a thing of the past.

If you could give Supercapitalism a new subtitle, what would it be?

The New Reality.

Any additional comments?

After reading this, one begins to understand the absurdity of the arguments we hear every day in the media. It is like the pundits who argue against the reality of climate change, racial equality, gay marriage, etc. As I like to refer to it as the future laughing at the inane arguments against inevitability.

Disturbing

Robert Reich is a Democrat, but Americans from all walks of life and perspectives will benefit by reading "Supercapitalism." In approximately the first third of the book Reich tells the story of how our economy and democracy has reached this particular juncture. In a second portion he lifts the curtain on how our competitive environment has changed. For example, he links the Viet Nam war and the dramatic increase in Japanese imports.

Finally, Reich makes some disturbing points about the decline of democracy and the dangerous role that Supercapitalism plays in its decline. Positively, he makes concrete suggestions about what we can do to regain control of our freedoms and representative form of government which are refreshing and thoughtful.

Frankly, I had a stereotypical view of Mr. Reich and his views. The caricature presented in the news deceived me. This book is well worth the effort and time the reader might invest. Everyone interested in our democracy, our economy, and our future should read this volume.

The book is really well written, wonderfully read, and informative. Interested readers might find The Lexis and the Olive Tree by Thomas Friedman a nice companion volume.