From the author of Aftershock and The Work of Nations, his most important book to date--a passionate yet practical, sweeping yet minutely argued, myth-shattering breakdown of what's wrong with our political-economic system, and what it will take to fix it. Perhaps no one is better acquainted with th... Full description
From the author of Aftershock and The Work of Nations, his most important book to date--a passionate yet practical, sweeping yet minutely argued, myth-shattering breakdown of what's wrong with our political-economic system, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of finance and politics than Robert B. Reich, and now he reveals the cycles of power and influence that have perpetuated 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 the moneyed interests to tilt the market to their benefit. He exposes the falsehoods that have been bolstered by the corruption of our democracy by big corporations and the revolving door between Washington and Wall Street-- that all workers are paid what they're "worth," 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.
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Robert B. Reich was born in Scranton, Pennsylvania on June 24, 1946. He received a B.A. from Dartmouth College in 1968, a M.A. from Oxford University in 1970, and a J.D. from Yale University.
Reich was an assistant to the Solicitor General in the U.S. Department of Justice from 1974 to 1976. He directed the policy planning staff of the Federal Trade Commission from 1976 to 1981 and taught on the faculty of Harvard University's John F. Kennedy School of Government from 1981 to 1992. He served as the 22nd Secretary of Labor from 1993 to 1997 under President Bill Clinton. He became the University Professor and the Maurice B. Hexter Professor of Social and Economic Policy at Brandies University in 1997. He is currently the Chancellor's Professor of Public Policy at the Goldman School of Public Policy at the University of California, Berkeley.
Reich has written numerous books including Locked in the Cabinet; Reason: Why Liberals Will Win the Battle for America; Supercapitalism: The Transformation of Business, Democracy, and Everyday Life; Aftershock: The Next Economy and America's Future; Saving Capitalism: For the Many, Not the Few; and The Common Good. In 2003, he was awarded the Vaclev Havel Foundation Prize for his pioneering work in economic and social thought.