A constant voice for social change, Reich is the author of 14 books, including the best-sellers Saving Capitalism and The Work of Nations. Saving capitalism : for the many, not the few / Robert B. Reich.—1st United States edition. Shortform has the world’s best summaries of nonfiction books and articles. For example, American big business focuses a lot of lobbying power on Occupational Safety and Health Administration (OSHA), which enforces labor rights. It ignores the political institutions that determine market value and how to achieve it. Saving Capitalism is a very good guide to the state we’re in." h�b``�d``�a```��Ā Have too much to read? The question of capitalism’s longevity has been the subject of many “big think” books in recent times. However, the decline of middle-class power can’t continue forever because eventually these groups will lose purchasing power and therefore won’t be able to support the economy. See more ideas about robert reich, politics, republicans. If you live in a country with a conservative political majority, its markets are likely to be free. There are many rules that determine what can be owned. Not only that, but owners tend to take care of and maintain their property. . ... will take to fix it. Capitalism is a social system adopted by many Western countries. They use their financial power to make their partners accept provisions they don’t want. For example, in modern employment contracts, complaints are dealt with through an arbitrator and the arbitrator’s judgment must be accepted without court involvement. Reich, Robert B. Want to get the main points of Saving Capitalism in 20 minutes or less? Robert Reich is a professor of public policy at the University of California, Berkeley. How Do You Build One? This happens in ways such as politicians receiving campaign contributions or being offered high-paying jobs after they leave office. This is a sign that people are not confident that their vote will matter or that they think politicians won’t represent them fairly. Instead, his goal is to correct misunderstandings about the market and help readers act on problems at hand. After World War II, the standard of living for Americans steadily increased. The current economic and political system is causing a growing divide in US society between moneyed interests who fix the rules and everyone else who suffers the consequences. They are all the same in that regard. endstream endobj 8 0 obj <> endobj 9 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 3/Type/Page>> endobj 10 0 obj <>stream Therefore, most employers don’t have to abide by union contracts that ensure stronger labor rights. Today, that number is 300! He served in the administrations of Presidents Gerald Ford, Jimmy Carter, and Bill Clinton.He was Secretary of Labor from 1993 to 1997. While suffering is tragic, there are exciting breakthroughs that come from it. They are meant to draw out your own ideas about each book and its theme. The real choice is not between a mythical free market and demonized big government but rather one that benefits the majority of US citizens. Compared to other Western democracies, the US sees a relatively small number of its citizens vote. This means we have private property and markets, which are ordered by supply and demand. For example, drug companies receive patents for drugs that they can then produce exclusively. Robert Reich's latest book is "THE SYSTEM: Who Rigged It, How To Fix It," out March 24. The Supreme Court’s 2010 decision in Citizens United v. Federal Election Commission allowed large corporations to finance political advertising campaigns so that they could have more influence on politics than before. 30 years later, the casino shut down and 1,000 workers lost their jobs. Takeaways from Mark Zuckerberg: How to Build the Future (YC’s The Macro), The Best Things I Learned from Ashton Kutcher, Tech Investor, Best Summary + PDF: The Power of Habit, by Charles Duhigg, The Best Things I Learned from Sara Blakely, Spanx Founder, Best Summary + PDF: How Not to Die, by Michael Greger, Born a Crime Book Summary, by Trevor Noah, Every Day Book Summary, by David Levithan, Braiding Sweetgrass Book Summary, by Robin Wall Kimmerer, The Nickel Boys Book Summary, by Colson Whitehead, Interactive exercises that teach you to apply what you've learned.