From the author of Aftershock and The Work of Nations, his most important book to date-a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it.
Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created 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 moneyed interests to tilt the market to their benefit.
Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they're "worth," that 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 isfor: 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.
From the Hardcover edition.
Praise for Robert B. Reich's Saving Capitalism A Publishers Weekly Business & Economics Top 10 selection for Fall 2015
"Ambitious. . . . Reich makes a very good case that widening inequality largely reflects political decisions that could have gone in very different directions. . . . Saving Capitalism is a very good guide to the state we're in." --The New York Review of Books
"If you want to understand why income and wealth inequality are the economic, political, and moral issues of our time, you must read this book. Robert Reich is one of the best economists in modern American history. This book is a roadmap on how to rebuild the middle class and fix a rigged economy that has been propped up by a corrupt campaign finance system." --United States Senator Bernie Sanders
"[A] sweeping treatise on inequality in America. . . . A rallying call." --The New York Times Book Review
"One of Reich's finest works, and is required reading for anyone who has hope that a capitalist system can indeed work for the many, and not just the few." --Salon
"Like any good teacher, Robert Reich knows that making a simple yet crucial idea stick often takes much time and many presentations of the concept. . . . In Saving Capitalism, Reich drives home a basic fact that, if widely understood, could lift America from today's destructive political standoff." --Chicago Tribune
"A well-written, thought-provoking book by one of America's leading economic thinkers and progressive champions." --The Huffington Post
"Engrossing. . . . [Reich] is calmly articulate, not alarmist; yet a sense of urgency pulses through his unambiguous prose." --The Argonaut (Los Angeles)
"Audacious. . . . Offers a pragmatic reform-filled path forward. . . . [Reich takes] on the very language used by the business world that perpetuates the myth that the private sector exists as magical sphere entirely unrelated to government." --EcoWatch
"Reich has both the stature and eloquence to make a compelling case. His sharply argued critique is therefore highly recommended to all readers. . . . Insightful." --Library Journal (starred review)
"An arresting, thought-provoking treatise on the need to reverse the trend of income inequality in the U.S. . . . Reich's powerful final argument is that Americans need to rid themselves of the idea that it's too late to change their economy." --Publishers Weekly
"An accessible examination of how the 'apparent arbitrariness and unfairness of the economy [has] undermined the public's faith in its basic tenets'. . . . The author takes a measured view even as he argues against free market orthodoxies, [and] he arrives at some innovative reforms. . . . Reich's overriding message is that we don't have to put up with things as they are. It's a useful and necessary one." --Kirkus Reviews
"This is an important and provocative book about the erosion of America's middle class by one of the nation's most astute and passionate social critics. Reich provides an original and compelling analysis of how the rules governing America's form of capitalism have contributed to growing income inequality and of how these rules have been distorted by the role of money in the U.S. political system." --Laura D'Andrea Tyson
"Robert Reich has written a riveting guide to how our economic and political system has become so badly flawed, distorted by pervasive rent seeking and monopolies. He explains our rising inequality and our poor economic performance. Wholesale reform is needed--far beyond the usual prescriptions of raising the minimum wage and spending more money on education." --Joseph Stiglitz
"Robert Reich sets the terms for new and more productive debates by rediscovering the political roots of the economic arrangements we too often take for granted. Everyone concerned with our economic future will need to grapple with Reich's arguments in 2016 and beyond." --Lawrence H. Summers