Supercapitalism: The Transformation of Business, Democracy, and Everyday Life (ISBN ) is a book written by Robert B. Reich and published by. SUPERCAPITALISM: The Transformation of Business, Democracy, and Everyday Life by Robert Reich. 11 Sep We love low prices, sure, but we frown at the things companies do to get us good deals — like paying low wages. In his book Supercapitalism.
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It is a “have your cake and eat it too” principle that most people subscribe too without rpbert knowing the two sides conflict. Quotes from Supercapitalism S So corporations have no legitimate role in the political process? Here it is squeezed to the barest minimum of facts.
In any event, this is a very minor critique of a book that was otherwise sypercapitalism. Not me, I have no money, but you get the idea. Look also at how the stock market has soared — the Dow went from in to over today.
Capitalism is roughly defined as “economic system in which the means of production are privately owned and operated for profit from investment.
Absent foreign competition, large corporations were able to strike an ideal balance between profitability and providing solid, middle-class jobs. He rightly notes that these changes in our economics and politics have been on-going since at least the s, and they correlate far more with consumer and investor activity than with what party was in power.
As communication technology computers, phones, etc. They are acting under the circumstances. Powerful and thought-provoking, Supercapitalism argues that a clear separation of politics and capitalism will foster an enviroment in which both business and government thrive, by putting capitalism in the service of democracy, and not the other way around.
First, I think Reich lets corporations off the hook rather too easily. This is where it gets undercooked. For the record, I favor behavioral economics. Companies move jobs offshore supercapitapism save money that they pass on to us as consumers. Refreshing to see in this day and age.
A bit repetitive, but all in all an excellent read. Just look at how plentiful our choices have become over suppercapitalism past few decades.
I like Reich’s writing even though I don’t always agree with him. Jul 19, Brenton rated it really liked it. Reich and published by Alfred A. Reich offers a succinct, interesting history of the relationship between business and democracy in the last fifty years. To me a real solution is to diminish government’s role as a giver of power and money. It often works the other way too. As long as the deals are legal, and as long as they satisfy consumers and investors, corporations and their executives supercapltalism pursue them.
Mercifully there is a final chapter on possible reicj of action. Jobs are far less stable, and the median wage is below where it was inadjusted for inflation.
I enjoyed this book. Sep 04, Pages. With this diversity in the market, there’s more pressure than ever for individual co An excellent read.
Rather than go on a rant against the encroaching power of corporations, Reich very intelligently points out that the reason why corporations behave the way they do is because they’ve been given the legislative foundation to do so, but what’s more, they are requested to do so by their shareholders. Paving the way for democracy need not mean a people must thereafter prepare for free market capitlism.
Do they source only products not made in China, Taiwan, India I’m not just talking about President of the country, it also applies to CEO’s, Congress, investors, etc. It also made me quake with rage on about every other page. The system has evolved so that a person working individually can hardly change anything — if you don’t like a company’s practices, you can avoid buying their items, but that doesn’t really tell them what you disagree with. Supercapitalism by Robert B. Although I disagree with him on several points, I am agreement with the thesis of his book: The book is interesting, but I didn’t find it as compelling as other books that Reich has written.
Reich himself makes clear that even as the postwar social bargain of democratic capitalism seemed to reach full strength, it was eroding. WalMart, a much maligned example, is simply a corporation which is exceedingly efficient at providing low cost goods which consumers want, at the cast of the safety of their manufacturers and the crushing of unions.
We must regulate our corporations, and find ways to keep corporate money out of washington pockets perhaps by insisting on public campaign financing. That’s all for useful insights for me from the book. Robert Reich’s Supercapitalism is a must-read for anyone hoping to make a positive difference in today’s world.
Lists with This Book.
Supercapitalism by Robert Reich | Crisis of Democracy
Democracy is a system for accomplishing what can only be achieved by citizens joining reicj with other citizens — to determine the rules of the game whose outcomes express that common good. The best real target for reform which he offers is that of campaign finance, in splitting apart the demands and forces of capitalism from the requirements of political stability. Robegt part from lower payrolls — from workers who have to settle for lower wages and benefits.
Public policies are to be judged by a utilitarian calculus of whether they improve the efficiency of the economy. Free supefcapitalism capitalism is an incredibly powerful tool for satisfying our desires as consumers and investors, but is incapable of addressing our needs as citizens. That’s nice, actually it’s not nice, it’s silly, many contracts would become worthless for one thing but it won’t get anywhere. Third, there is the threat of foreign competition, which upset the internal balance of imports and exports but also introduced competitors which were both cheaper and higher quality see the auto industry in the s and s.
The wealthy investor supercxpitalism unprecedented opportunities for growing their wealth.