Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the “free market” is, and how it has masked the power of moneyed interests to tilt the market to their benefit.
Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they’re “worth,” that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and “big” government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else.
Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action.
Author
Robert B. Reich
ROBERT B. REICH is Chancellor’s Professor of Public Policy emeritus at the University of California, Berkeley. He has served in three presidential administrations, Republican and Democrat, as Secretary of Labor under Bill Clinton, and has written eighteen books, including The Work of Nations (translated into twenty-two languages) and the bestsellers The System, The Common Good, Saving Capitalism, and Locked in the Cabinet. His articles have appeared in The New Yorker, The Atlantic, The New York Times, The Washington Post, and The Wall Street Journal. He is a columnist for Newsweek and The Guardian, and writes a daily newsletter at https://robertreich.substack.com/. He is co-creator of the award-winning film Inequality for All and the Netflix original Saving Capitalism, and co-founder of Inequality Media. He lives in Berkeley.
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