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From the author of Aftershock and The Work of Nations, his most crucial book thus far—a fantasy-shattering breakdown of how the monetary system that helped make America so strong is now failing us, and what it will take to restore it.
Perhaps no one is greatest acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and have an effect on have created a model new American oligarchy, a shrinking center class, and the largest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the “free market” is, and the approach it has masked the power of moneyed pursuits to tilt the market to their revenue.
Reich exposes the falsehoods which have been bolstered by the corruption of our democracy by giant companies and the revolving door between Washington and Wall Street: that every one employees are paid what they’re “worth,” that a bigger minimal wage equals fewer jobs, and that companies ought to serve shareholders sooner than employees. He reveals that the important selections ahead aren’t about the measurement of presidency nevertheless about who authorities is for: that we should always choose not between a free market and “large” authorities nevertheless between a market organized for broadly based prosperity and one designed to ship the most options to the prime. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide in the direction of inequality and diminished various as soon as we shore up the countervailing power of everyone else.
Passionate however smart, sweeping however exactingly argued, Saving Capitalism is a revelatory indictment of our monetary established order and an empowering identify to civic movement.
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