Supercapitalism The Transformation of Business, Democracy, and Everyday Life

ISBN-10: 0307277992

ISBN-13: 9780307277992

Edition: N/A

Authors: Robert B. Reich

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From the greatly admired author ofThe Work of NationsandThe Future of Success,one of America's greatest economic and political thinkers as well as a distinguished public servant in three national administrations, a breakthrough book on the clash between capitalism and democracy. Mid-twentieth-century capitalism has turned into global capitalism, and global capitalism—turbocharged, Web-based, and able to find and make almost anything just about anywhere—has turned into supercapitalism. But as Robert B. Reich makes clear in this eye-opening book, while supercapitalism is working wonderfully well to enlarge the economic pie, democracy—charged with caring forallcitizens—is becoming less and less effective under its influence. Reich explains how widening inequalities of income and wealth, heightened job insecurity, and the spreading effects of global warming are the logical outcomes of supercapitalism. He shows us why companies, fighting harder than ever to maintain their competitive positions, have become even more deeply involved in politics; and how average citizens, seeking great deals and invested in the stock market to an unprecedented degree, are increasingly loath to stand by their values if it means biting the hands that feed them. He makes clear how the tools traditionally used to temper America's societal problems—fair taxation, well-funded public education, trade unions—have withered as supercapitalism has burgeoned. Reich sets out a clear course to a vibrant capitalism and a concurrent, equally vibrant democracy. He argues forcefully that the spheres of business and politics must be kept distinct. He calls for an end to the legal fiction that corporations are citizens, as well as the illusion that corporations can be "socially responsible" until laws define social needs. Reich explains why we must stop treating companies as if they were people—and must therefore abolish the corporate income tax and levy it on shareholders instead, hold individuals rather than corporations guilty of criminal conduct, and not expect companies to be "patriotic." For, as Reich says, only people can be citizens, and only citizens should be allowed to participate in democratic decision making. From the Hardcover edition.
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Book details

List price: $15.95
Publisher: Knopf Doubleday Publishing Group
Publication date: 9/9/2008
Binding: Paperback
Pages: 288
Size: 5.50" wide x 8.50" long x 0.75" tall
Weight: 0.484
Language: English

Robert B. Reich is a writer, educator, politician, and advisor. He was born in Scranton, Pennsylvania on June 24, 1946. He earned a B.A. at Dartmouth College in 1968 and received a Rhodes scholarship to attend Oxford University, where he earned his M.A. in 1970. In 1973, he received his 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. Regan has had articles published in every major newspaper in the United States, as well as many magazines. He 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, and Aftershock: The Next Economy and America's Future. In 2003, he was awarded the Vaclev Havel Foundation Prize for his pioneering work in economic and social thought.

Introduction: The Paradox
The Not Quite Golden Age
The Road to Supercapitalism
Of Two Minds
Democracy Overwhelmed
Politics Diverted
A Citizen's Guide to Supercapitalism
Notes
Acknowledgments
Index
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