robert Reich was Bill Clinton's reforming Secretary for Labour in his administration, often pushing porgressive views into public policy. In this book written just beofre the Global Financial Crisis, Reich outlines how Mid-twentieth-century capitalism has turned into global capitalism, and global capitalism has turned into supercapitalism.
Reich explains how supercapitalism has widened inequalities of income and wealth, heightened job insecurity, and how the spreading effects of global warming are its logical outcomes. 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 social 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. And 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.
Only $10. Order at progressivecanberra@gmail.com
