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I was not at all persuaded. Watching Saving Capitalism right after “Requiem for the American Dream” is a very exhaustive experience. I was not at all persuaded. This makes me think this book is directed to those who already agree with him rather than people who are reading it more critically. That was the explicit objective of the Russian. My favorite part of the book was when he discussed the negative sum game of capitalism. To claim otherwise is, at best, denial. Icon Books Ltd. 2016. He is an occasional political commentator, notably on, “The idea of a “free market” separate and distinct from government has functioned as a useful cover for those who do not want the market mechanism fully exposed. Robert Reich in “Saving Capitalism” (Netflix) "Saving Capitalism" is a movie that I must recommend, although not entirely for the reasons former Labor … If you're not finished, it's automatically repossessed when the 14 days is up, but if it's not reserved, you can immediately borrow it for another 14 days. The system works great just as it is!”) and a bit murky in the “action” stage of its arguments, it still makes for an eye-opener, especially for those unfamiliar with Reich’s career. by Knopf, Saving Capitalism: For The Many, Not The Few. Mr. Reich is also on the board of directors of Tutor.com. Directed by Jacob Kornbluth, Sari Gilman. Robert Reich’s Saving Capitalism For the Many, Not the Few (2015 Penguin Random House) Book Review by Christopher Nowlin This review of Robert Reich’s Saving Capitalism For the Many, Not the Few is admittedly belated but perhaps timely for this very reason. Any remedy to the corporate oligarchy in which we find ourselves, in my opinion, has to recognize that ceding corporate power into the hands of an equally powerful state is playing with fire. Preview this book » What people are saying - Write a review Moneyed interests do not want the curtain of the free market lifted because that would expose their influence over the rules of the capitalist game and reveal potential alliances that could countervail that power. This is the book that made it clear to me why some people could simultaneously support Donald Trump and Bernie Sanders. Robert Reich’s ‘Saving Capitalism’ - The New York Times This is a book that any Bernie Sanders supporter would love. With Robert Reich, Darvin Bentlage, Annie Presley, Guadalupe. Reich’s straightforward analysis is simply a pleasure to read. Reich is a great explainer, and entertaining writer. Reich does a great job of laying out how we can critique and correct capitalism without throwing the baby out with the bath water. There are no featured audience reviews for Saving Capitalism at this time. Sometime in the 1970s, wages began to stagnate, though productivity gains and economic growth continued. Anyone hoping to save the middle class will want to read Reich’s ideas about how to save capitalism. It comes with some amount of Reich's personal politics, e.g. When you purchase an independently reviewed book through our site, we earn an affiliate commission. Reich is now a professor and the book is explained clearly, just as you'd expect from a good teacher. I also like that he did not take political sides while outlining both major parties complicity in looking out for the wealthy at the expense of the middle class. Reich’s concern is that over the last three decades, the lead authors have been Wall Street, big corporations and the wealthy elite. Although the book is written from American perspective and its society , the truths mention in it about the capitalist society , the rich and their influence and how hard it is for a middle class and poor to make a mark , a big positive change in his/her life , to get out from the endless loop of we running for and money running more faster away from us. Hometown: Scranton, Pennsylvania. This is not dry economics. Because this is my field, there was nothing in here that I didn't already know, but this is a must-read for all Americans. pay ratios and creating a basic minimum income. The wage gap between the lowest earners and highest earners in this country has been increasing over the last few decades and the middle class is slowly shrinking. Reich is a great, reasonable voice for the left because he's a great, reasonable voice in general. He is currently a professor at the University of California, Berkeley's Goldman School of Public Policy. Refresh and try again. SAVING CAPITALISM. This is a critically important book for a few reasons. Anyone know when this might be? They would prefer the bottom 90 percent continue to preoccupy themselves with tendentious battles over government’s size (or that it war over non-economic issues such as same-sex marriage, abortion, guns, race, and religion) than find common economic cause. Saving Capitalism: For the Many, Not the Few. He argues that because of the anti-regulatory business environment that has taken hold since the 1980s, the influence of money in politics, made all the worse by Citizens United, and the automation and disappearance of more and more of our jobs, the American capitalist system has become so. Wall Street, through its influence in Congress, is tweaking the system in their favor, and thus altering the way Americans live. Matthew Rozsa Salon.com. He omitted discussion of salient free market counterpoints to his arguments and mainly attacked strawmen. Regular viewers of Robert Reichs Resistance Report will find the arguments in this book very familiar, but it was written before the 2016 election, which only goes to prove how prescient Robert Reich is. In 1978, the chief executives of America’s big companies took home 30 times the pay of their average workers; in 2013, that multiplier was 296. Let us know what’s wrong with this preview of, Published Robert Reich concisely summarizes what's been happening with capitalism in the last few decades, showing how special interests have corrupted the system, and suggesting ways to fix it. The question of capitalism’s longevity has been the subject of many "big think" books in recent times. I went into this book a disgruntled libertarian, a former Ron Paul obsessive whose dedication to Austrian economics was on the wane, and came out further leftward than I anticipated. As treatises on inequality go, much of this one is familiar. Any remedy to the corporate oligarchy in which we find ourselves, in my opinion, has to recognize that ceding corporate power into the hands of an equally powerful state is playing with fire. He simultaneously offers us a chilling look at the market realities in force today and an inspiring view of what we can do to improve things. Haven't read any of his books. Political propaganda masquerading as education, violent suppression of different opinions, and Mr. Reich is one of the most powerful people at the university. For the last 37 pages, which entirely fail to unpick how the hell we stop being fucked, 1 star. Saving Capitalism Reviews. Excerpt from Book Review : Robert Reich's "Saving Capitalism" For the Many, Not the Few Robert Reich would be an unexpected ally for the movement on the Left, or the more liberal members of the American society. Reich explains some of the factors that have caused this to occur. Audience Reviews for Saving Capitalism. ANTIFRAGILE. Last year, more than two-thirds of Americans were living from paycheck to paycheck. Saving Capitalism: For the Many, Not the Few. What makes this book a five-star read is that it's applicable. Far from perfect, it substitutes in-depth analysis for readable theory making it the perfect introduction to the material. I'm skeptical of big business, big corporations, big banks *and* big government in about equal measure. Jam-packed with interviews, stories, and key facts and figures, Saving Capitalism is inspirational in its mission to inform Americans on how their system of government is stacked against them and how only through action can the system be changed. But those ideas are less important than what “Saving Capitalism” is at its core: a rallying call, Reich’s attempt to be a modern Thomas Paine. There is a beautifully clear simplicity to this. Reich, raised in South Salem, N.Y., remembers when “work hard, get ahead” was still very much achievable. This is not dry economics. That was the explicit objective of the Russian fake news campaign. I just alternated books by S. Pinker & N. Taleb = rivals illuminate each other. Wake up call. was a big fan of Mr. Reich's - UNTIL I spend 2015-17 in grad school at UC Berkeley. This was my first reading of a work by Reich. It uses plenty of real-world examples, explains their faults, then offers theoretical suggestions for improvements. Bill Gates, tech pioneer, co-founder of Microsoft, and co-chair of the Bill & Melinda Gates Foundation, is an avid reader who people follow... To see what your friends thought of this book, It's available for free in the Internet Archive library. You can download it for free for 2 weeks, read it on your computer of iPad. Would anyone recommend a counterpoint book to read/assign alongside Reich? It helps, of course, that he graduated from Dartmouth College summa cum laude, and is an excellent speaker and professor who, in Jacob Kornbluth and Sari Gilman’s documentary “Saving Capitalism,” finds him on metaphoric soapboxes in colleges, in bookstore signings, and now, in a Netflix film. While Saving Capitalism the movie is light on contrary voices (Nobody was willing to go on camera saying “Everything’s fine. Just a moment while we sign you in to your Goodreads account. He is clear-sighted, persuasive, and ultimately inspiring. What’s left is an exhaustive, if repetitive, outpouring of Reich’s indignations with politics, with free-market ideals, with the proverbial system. When he did try to show his evidence falls far short. But their hope was the country would be so polarized that it would be paralyzed. Reich is a great explainer, and entertaining writer. Saving Capitalism: For the Many, Not the Few is the latest addition to Robert Reich’s cohort of publications. He is clear-sighted, persuasive, and ultimately inspiring. Saving Capitalism is a well-written, thought-provoking book by one of America's leading economic thinkers and progressive champions. See All Audience Reviews Saving Capitalism Quotes. Start by marking “Saving Capitalism: For the Many, Not the Few” as Want to Read: Error rating book. Contesting the very notion of deregulation, Reich describes how governments create markets. For example, why is he citing Wisconsin Supreme Court cases to show the supposed original purpose of antitrust law? Freedom Socialist book review — “Saving Capitalism” ... His new book, Saving Capitalism: For the Many, Not the Few offers a genial apology for the system’s gross inequalities. For the Many, Not the Few. The mythology is useful precisely because it hides their power.”, “The simultaneous rise of both the working poor and non-working rich offers further evidence that earnings no longer correlate with effort.”, http://knopfdoubleday.com/book/227780/saving-capitalism/. He says many people have become apathetic about politics, knowing instinctively that the system is rigged, but that political involvement is more important than ever. This book was somewhat frustrating to read because of all of Reich's glaring omissions and leaps in logic. The present review focuses on Chapter 23 (the penultimate chapter) of the book, in which Reich sets forth what appears to be his most radical proposal for alleviating the … by Nassim Nicholas Taleb Nonfiction. Saving Capitalism is a very good guide to the state we’re in." Took a little bit of time to finish but glad I did. He thinks self-interest and innovation drives economies, incentivizing. His father sold clothes to the wives of factory workers, the first shop eventually yielding a second. Reich's book goes a long way in helping to make sense of the current economic state of our country. If youve ever been exposed to Robert Reichs Wealth and Poverty course at UC Berkeley, perhaps through the film Inequality for All, or heard him speak in public, you know that there are few people alive today who are his equal in the ability to explain complex economic and social issues so cogently and compellingly. You could probably look into the Hoover Institute for the other side. I've only seen short videos of Reich. Welcome back. Anyone hoping to save the middle class will want to read Reichs ideas about how to save capitalism. It achieved that purpose. Myths and legends, as Hunter S. Thompson observed, die hard in America, but perhaps none so hard as this one. They didn't expect Trump to win, but Hillary. Full Review | Original Score: 3/5 Top Critic. He seemed to just "tell" you things are the way he says they are rather than "show" how they are. If that sounds too socialistic for you, consider some of Reich’s more pessimistic statements: 1) there is no unemployment under slavery and 2) in the medieval era, there was no middle class. 'SAVING CAPITALISM': Three and a Half Stars (Out of Five) A documentary about capitalism in modern society, starring liberal politician Robert Reich. Things are really polarized now. Reich explains how political changes in the last three decades is accelerating wealth inequality. Reich explains why corporations have gone institutions of life-time job security to lovers of automation and haters of people. As Saving Capitalism films Reich on his book tour promoting the book of the same title, he jokes of how, upon seeing the title, those right-of-center question what about the free-enterprise system needs "saving," exactly, while those left-of-center question why anyone would want to even bother saving such an immoral system. He simultaneously offers us a chilling look at the market realities in force today and an inspiring view of what we can do to improve things. Belonging to the middle class family (general category) of a developing nation I understand it very well how me and my family and billion other people wishes and decisions are everyday moulded by our stagnated and tumbling financial situation, not what we really wish to have at all most every point be it the necessities, higher education , lifestyle , entertainment etc . Enjoyed reading this review? The evidence he cites to show that corporate directors once thought they owed a duty to employees, the community, the environment, was weak as well. It's really preaching to the Liberal choir, but this is definitely one I wish more people would read. Despite Reich's sometimes unfounded optimism, I greatly enjoyed the book and highly recommend it to anyone interested in learning about the reality of income inequality and money in politics. A smorgasbord of reforms he proposes in the final pages includes reversing Citizens United, tying corporate tax rates to C.E.O. He seemed to just "tell" you things are the way he says they are rather than "show" how they are. Mimi's review of Robert Reich's Saving Capitalism provides an excellent summary of the book. He thinks self-interest and innovation drives economies, incentivizing productive behavior is good, etc but also that unfettered capitalism allows the super rich to gain more and more control over the state to the detriment of the people. Took a little bit of time to finish but glad I did. One huge victory for corporations was the 2010 Citizens United Supreme Court case which ruled that it was unconstitutional to prohibit organizations from contributing to political campaigns. Regular viewers of Robert Reich’s “Resistance Report” will find the arguments in this book very familiar, but it was written before the 2016 election, which only goes to prove how prescient Robert Reich is. We’d love your help. Robert Reich is clearly experience and knowledgable, I'm just not as hopeful as he that we can find the will as a nation to do the right things to save ourselves. After casting the winning vote for Bush in Ohio (I'm sorry, America) and then voting for McCain (I'm really sorry, America) I started warming up to liberal policies during the Obamacare debate. This is just one example of the current cycle in which corporations and their top executives are accumulating more and more wealth and in-turn, are able to use their wealth to influence politicians. Reich's book goes a long way in helping to make sense of the current economic state of our country. Saving Capitalism not only demonstrates the failings of our government. This is the book that made it clear to me why some people could simultaneously support Donald Trump and Bernie Sanders. SAVING CAPITALISM is a documentary film that follows former Secretary of Labor and Professor, Robert Reich, as he takes his book and his views to the heart of conservative America to speak about our economic system and present big ideas for how to fix it. His approach here isn't ideological but pragmatic, not based on preconceived notions of *a fair society* but on the alarming economic data and preventable inequities in our own society as they stand. Reich's key point, and the one on which the rest of the book hangs, is that our political debate over preferring the "free market" on one hand to more government intervention on the other, is misguided: there is no disembodied market without rules made by government, that is, by humans. Reviews from Goodreads.com. This is one of those books I read because I enjoy reading authors with whom I agree. Americans will lead the way for reform as they have done in the past and that movement has already sprung to action. Reich is a classically trained economist that has actually won a Nobel Prize in economics for some of his work. Reichs straightforward analysis is simply a pleasure to read. "There are two modes of invading private property; the first, by which the poor plunder the rich...sudden and violent; the second, by which the rich plunder the poor, slow and legal" --- John Taylor. I found his writing to be easy to follow, while laying out great points. And few indeed are as funny as he is, either: the man could make a go of a career with a standup act. To understand “Saving Capitalism,” Robert Reich’s sweeping treatise on inequality in America, you must accept a central premise: The free market is fundamentally a human construct and so to debate the appropriateness of government in shaping it is beside the point. Luckily, Reich takes the optimistic point of view, showing times in American history when we chose democracy over runaway capitalism, trimming away at the excesses that concentrate wealth into the hands of the few. September 29th 2015 This is an important and thorough look at the economic aspect of what is wrong in America today- and since many of our other ills spring from the economics, it speaks to areas not explicitly addressed as well. The film “ Sav­ing Cap­i­tal­ism ” fol­lows Reich on his book tour as he goes off the beat­en path and also meets with peo­ple in what are more like lis­ten­ing ses­sions, town halls, or even in some cas­es orga­niz­ing ses­sions (meant to empow­er those who agree that urgent action is called for). Moneyed interests do not want the curtain of the “free market” lifted because that would expose their influence over the rules of the capitalist game and reveal potential alliances that could countervail that power. Wall Street, through its influence in Congress, is tweaking the system in their favor, and thus altering the way Americans live. Haven't read any of his books. Kirkus Reviews Issue: Aug. 15th, ... 23 THINGS THEY DON'T TELL YOU ABOUT CAPITALISM. “Saving Capitalism” is loaded with broad proclamations, while at times frustratingly spare on the particulars. This was a fascinating look at the current state of economics in the US. Reich is a former Harvard University professor and the former Maurice B. Hexter Professor of Social and Economic Policy at the Heller School for Social Policy and Management at Brandeis University. He is a trustee of the Economists for Peace and Security. The film was released by … The winnings at the top, meanwhile, have piled up. I would highly recommend this book for those interested understanding the current economic situation our country is in. In the last 30 years, corporations have gained more and more political influence which, at this stage of the game, is drowning out the voices of individual voters and. This is a really quick read for the liberal looking to impress their friends and win a few internet debates about economics. This book truly puts into clear perspective what is wrong with our political and economic system today, and could inspire revolution if only more of the 99% would tune 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. Though Reich's analysis reveals a grim reality, his predictions are optimistic. Yet in today’s economy, those adages have become perverse, more inclined to depress than to inspire. This is one of those books I read because I enjoy reading authors with whom I agree. The entire economy survived for centuries, benefitting only a small wealthy class. 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. Authors. If you're not. In his most recent book, Saving Capitalism: For the Many, Not the Few, economist and former Secretary of Labor, Robert Reich enters the debate on our failing American economy by disrupting the prevailing view that the free market is natural. Review by Alexander Wade Craig ★★ For such a provocatively titled film, there's remarkably little of substance. Reich explains why. BUY NOW FROM ... Review Posted Online: July 27th, 2015. 279 pages. This is one of those books everyone should read before November 8th. In our present culture, the rules strongly favor the people at the top---those with the most money---and that money buys power. Corporations use to be about making things, now they're only about meeting shareholder expectations and enriching the elite in management. It was released by Netflix, through their streaming site, and it was directed by Sari Gilman and Jacob Kornbluth. In 1922, American philosopher John Dewey published. by Robert B. Reich. Saving capitalism : for the many, not the few / Robert B. Reich.—1st United States edition. By 2013, the median American household, after adjusting for inflation, was earning less than it did in 1989. About the author: Robert Bernard Reich is an American politician, academic, and political commentator. pages cm Includes bibliographical references and index. Reich does a great job of laying out how we can critique and correct capitalism without throwing the baby out with the bath water. Saving Capitalism feels like homework, but it will give you vital understanding and perspective. You can download it for free for 2 weeks, read it on your computer of iPad. Reich has a gift for clear thinking and exposition. Belonging to the middle class family (general category) of a developing nation I understand it very well how me and my family and billion other people wishes and decisions are everyday moulded by our stagnated and tumbling financial situation, not what we really wish to have at all most every point be it the necessities, higher education , lifestyle , entertainment etc . We don’t know the details about how the problem became a problem. This is one of those books everyone should read before November 8th. The wage gap between the lowest earners and highest earners in this country has been increasing over the last few decades and the middle class is slowly shrinking. And it's a book that explains why Bernie Sander's campaign has drawn so many supporters. In spite of this, Horatio Alger’s creed remains strong. He is currently a professor at the, Robert Bernard Reich is an American politician, academic, and political commentator. He served as Secretary of Labor under President Bill Clinton from 1993 to 1997. Capitalism most definitely is at a crossroads. The polarization on both ends seems obvious to me. In his most recent book, Saving Capitalism: For the Many, Not the Few, economist and former Secretary of Labor, Robert Reich enters the debate on our failing American economy by disrupting the prevailing view that the free market is natural. As of early 2014, two-thirds of Americans agreed that hard work would get most people ahead, and a full 80 percent felt that “everyone has it in their own power to succeed,” according to a poll by the Pew Research Center. And few indeed are as funny as he is, either: the man could make a go of a career with a standup act. He served as Secretary of Labor under President Bill Clinton from 1993 to 1997. I found a few of his assertions to be overreaching and the book is certainly more polemic than history or theory, but it is an accurate condemnation of our current political system. The book hits on the concerns of U.S. working people who see a disappearing middle class and joblessness as a likely fate. Saving Capitalism movie reviews & Metacritic score: Saving Capitalism, based on Robert Reich’s 2015 book, explores the reasons why the economic system that … And it's a book that explains why Bernie Sander's campaign has drawn so many supporters. Reich has an informal and very accessible writing style and does an excellent job explaining economic concepts. He omitted discussion of salient free market counterpoints to his arguments and mainly attacked strawmen. In the last 30 years, corporations have gained more and more political influence which, at this stage of the game, is drowning out the voices of individual voters and their concerns. Disturbing but highly motivating, I'm skeptical of big business, big corporations, big banks *and* big government in about equal measure. Netflix’s Saving Capitalism is a good primer on the economic situation in the United States and how it got to this point. Robert Bernard Reich is an American politician, academic, and political commentator. In our present culture, the rules strongly favor the people at the top---those with the most money---and that money buys power. by Ha-Joon Chang Nonfiction. In his new book, Saving Capitalism: For the Many, Not the Few, he tackles this obsession with free markets. Robert Reich concisely summarizes what's been happening with capitalism in the last few decades, showing how special interests have corrupted the system, and suggesting ways to fix it. When he did try to show his. This has opened the flood-gates to corporate campaign donations, which in-turn, is causing politicians to be more favorable to pass legislation beneficial to corporations. This book was somewhat frustrating to read because of all of Reich's glaring omissions and leaps in logic. We can have democracy or we can have massive wealth in the hands of few people but we can't have both. Though Reich's analysis reveals a grim reality, his predictions are optimistic. We already know that there is a problem. Most people don’t have a shot at even getting close to such wealth. “We weren’t rich,” Reich writes, “but never felt poor.” For 30 years after World War II, the family’s income and purchasing power grew in lock step with the American economy, as did that of the broader middle class. That said, Id be curious to see a data-based refutation of what Reich argues; I think his argument would hold up under objective scrutiny. Here are Reich's words about how to proceed: For the first 180 pages on why we're fucked, five stars. It's available for free in the Internet Archive library. Desperately waiting for this to come out on Kindle! Reich's key point, and the one on which the rest of the book hangs, is that our political debate over preferring the "free market" on one hand to more government intervention on the other, is misguided: there is no disembodied market without rules made by government, that is, by humans. Robert Reich is one of the best economists in modern American history. He points out that this situation is not only not desirable but not sustainable in the long run. There is a beautifully clear simplicity to this. It also demonstrates the importance of campaigning and making sure we make our voices stronger. He points out that this situation is not only not desirable but not sustainable in. Reich explains some of the factors that have caused this to occur. They are on the side of those with the power.". This makes me think this book is directed to those who already agree with him rather than people who are reading it more critically. 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