As many critical works do, Reich’s book culminated on an optimistic note (“there is much cause for optimism”), possibl y … In this brilliant long essay, the former U.S. Secretary of Labor takes on the economic issues of the day from a perspective that rarely comes to light in public discourse: he rejects the widespread assumption that a “free market” exists independent of government. Saving Capitalism: For the Many, Not the Few by Robert B. Reich examines the intersection of economics and politics in order to make sense of income inequality and wealth disparity in the 21st century United States of America… Succinct, thorough look at the USA's current economic/political system, and why it does what it does, Reviewed in the United States on December 7, 2015. In Saving Capitalism, Robert Reich reveals the entrenched cycles of power and influence that have damaged American capitalism, perpetuating a new oligarchy in which the 1 percent get ever richer and the rest - middle and working class alike - lose ever more economic agency, making for the greatest income inequality and wealth disparity since World War II. Documentary Review: “Saving Capitalism” highlights an important truth about markets. Reviewed in the United States on October 9, 2017. Saving Capitalism by Robert B. Reich | Key Takeaways, Analysis & Review Preview:. Saving Capitalism: For the Many, Not the Few by Robert B. Reich examines the intersection of economics and politics in order to make sense of income inequality and wealth disparity in the 21st century United States of America…. 12/29/2015 09:27 am ET Updated Dec 06, 2017 Over my Christmas I had the pleasure of reading Robert Reich's new book, Saving Capitalism: For the Many, Not the Few. Anyone who's ever debated their conservative uncle (or maybe their liberal niece-or-nephew) is familiar with this problem: which is more efficient, the government, or the free market? We made it easy for you to exercise your right to vote. Mostly from the book "Saving Capitalism - For the Many, Not the Few" by Robert Reich where he makes it so clear the problem comes from the politicians, not from capitalism. Furthermore, Reich destroys the notion that those rich and influential few deserve the power and wealth that they control because they have “earned it”. WIthout political organization not seen since the New Deal, America will become an oligarchy--and the rest of the world is also on the same trajectory. Reviewed in the United States on May 10, 2019. Not nearly as good as the book, but still valuable short version. I first read this book in a local library, and was so impressed that I bought my own copy. Why most Americans are getting poorer and what to do about it, Reviewed in the United States on December 11, 2015. Robert Reich is one of the best economists in modern American history. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Now he's a public speaker, author of fourteen books, and Chancellor's Professor of Public Policy at the University of California at Berkeley. In essence, since a free market depends on the existence of these five building blocks, and since these building blocks require the existence of a system of external controls to ensure they are maintained, the issue is not about government vs. the free market, but about how the free market is organized by and through government, and who has the most influence over those decisions. Robert Reich’s Saving Capitalism For the Many, Not the Few (2015 Penguin Random House). This is a review of the book Saving Capitalism: For the Many, Not the Few by Robert Reich. In his new book, "Saving Capitalism for the Many, Not the Few," Robert Reich borrows John Galbraith's concept of countervailing forces to suggest … Reich worked in various capacities under Presidents Ford, Carter, Clinton, and Obama. Saving Capitalism: For the Many, Not the Few 304. by Robert B. Reich | Editorial Reviews. Download for offline reading, highlight, bookmark or take notes while you read Saving Capitalism: For the Many, Not the Few. Buy it on Amazon here. In the interest of impartiality, I won't let my pessimism about these issues affect my opinion of the book. If the broad population of the country does not have the income to be good consumers, then there will not be an adequate market for the products businesses will want to produce and sell. Reviewed in the United States on June 5, 2017. This is a review of the book Saving Capitalism: For the Many, Not the Few by Robert Reich. 4.5 out of 5 stars 1,379. Robert Reich does a good job explaining America’s political and economic problems from a liberal perspective. Find helpful customer reviews and review ratings for Saving Capitalism: For The Many, Not The Few at Amazon.com. John Maynard Keynes understood that free-market capitalism requires government regulation in order to function properly. Unless this trend reverses, the middle class and democracy will disappear, as a small elite own all the wealth and weild all the political power. He also looks at the failures of the political system and offers some solutions. pages cm Includes bibliographical references and index. Reich makes many interesting observations, including: Reviewed in the United States on February 6, 2017. He mentions also the technological revolutions in AI that will replace more and more jobs with machines and robots, resulting in even more job losses. From the author of Aftershock and The Work of Nations, his most important book to date--a passionate yet practical, sweeping yet minutely argued, myth-shattering breakdown of what's wrong with our political-economic system, and what it will take to fix it. Since it looks very much like one of them will become the next president, the issue of money in politics looks no closer to being solved than it ever has. In this brilliant long essay, the former U.S. Secretary of Labor takes on the economic issues of the day from a perspective that rarely comes to light in public discourse: he rejects the widespread assumption that a “free market” exists independent of government. He endorsed Bernie Sanders in 2016. Book Review - Saving Capitalism For the Many, Not the Few. Saving Capitalism: For the Many, Not the Few by Robert B. Reich/Key Takeaways, Analysis & Review by Instaread is another great introduction to a book that many lay readers might be reluctant to purchase. 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. Reich very correctly identifies that the only real long-term solution to the problems we face from globalization and overpopulation is the implementation of a universal basic income, but offers no reason why anyone should believe that the politicians that ostensibly lead us will get their heads out of their asses quickly enough to tackle the problem before the collapse of society or utter annihilation of the planet. 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 market is inherently dependent on a system of controls in regards to five "building blocks," which Reich identifies as property, monopolies, contracts, bankruptcy, and enforcement. If you’ve ever been exposed to Robert Reich’s “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. 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 … Other authors have written about inequality, but I love Riech's focus on market rules --rules that shape property rights, bankruptcy, monopolies, contracts, and the enforcement (or lack of enforcement) of these rules. This review of Robert Reich’s Saving Capitalism For the Many, Not the Few is admittedly belated but perhaps timely for this very reason. He shows how the 1% have used their wealth to influence politicians to alter these rules to their benefit, allowing them to acrue even greater wealth, while the rest of us lose out. Reich, in case you're not a 90's kid and therefore don't remember the 90's, was Secretary of Labor during Bill Clinton's first term. Saving Capitalism is a well-written, thought-provoking book by one of America's leading economic thinkers and progressive champions. The documentary is based on the book Saving Capitalism: For the Many, Not the Few by Robert B. Reich. 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. In Saving Capitalism: For the Many, Not the Few, Robert B. Reich describes what he believes ails modern society. Saving Capitalism is a very good guide to the state we're in.' In this brilliant long essay, the former U.S. Secretary of Labor takes on the economic issues of the day from a perspective that rarely comes to light in public discourse: he rejects the widespread assumption that a “free market” exists independent of government. The book is well-written and thought-provoking. Robert Reich’s Saving Capitalism For the Many, Not the Few (2015 Penguin Random House) Book Review by Christopher Nowlin. ISBN 978-0-385-35057-0 It expands on the ideas the author expressed in his book Inequality for All. Read honest and unbiased product reviews from our users. Saving Capitalism is a 2017 documentary film directed by Jacob Kornbluth and Sari Gilman, following former Secretary of Labor and Professor Robert Reich, speaking about current state of our economic system, and presents ideas how to "save capitalism".. Over my Christmas I had the pleasure of reading Robert Reich's new book, Saving Capitalism: For the Many, Not the Few. The film was released by … Economist Robert B. Reich explains why in his latest book, and does so in a way non-economists can understand. Reich also spends a good deal of time explaining how the proliferation of money in politics has gamed the system, but offers nothing but naïve optimism that the problem will be solved. Saving Capitalism is a very good guide to the state we’re in." The median American household was earning less in 2013 than it did in 1989, while the proportion of income going to the top one percent has skyrocketed. By the way, I have my own book out. PLEASE NOTE: This is key takeaways and analysis of the book and NO Reich argues that decision-making power is increasingly concentrated in the hands of a few, at the expense of the "many." Not necessarily because I agree with everything in the book, but because of Reich’s simple, laymen explanation of the building blocks of the “free” market – property, monopoly, contract, bankruptcy and enforcement – and how those elements are, in fact, determined by the government. © 1996-2020, Amazon.com, Inc. or its affiliates, Reviewed in the United States on September 21, 2015. The government, through laws, regulations and judicial proceedings, actually creates the market. Psychologists observe that we seek affirmation for our entrenched beliefs. Not nearly as good as the book, but still valuable short version. 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. We are a nation of haves and soon-to-haves.". Reich is a classically trained economist that has actually won a Nobel Prize in economics for some of his work. Read this book using Google Play Books app on your PC, android, iOS devices. Mostly from the book "Saving Capitalism - For the Many, Not the Few" by Robert Reich where he makes it so clear the problem comes from the politicians, not from capitalism. It is this regrettable failing that is addressed by Robert Reich, Chancellor’s Professor at the University of California, Berkeley. As I have reaffirmed many times in this column, I hold the opinion that no economic system has grown companies and countries faster and more effectively than Capitalism. It's not Right vs Left, it's the 1% vs the 99%, and unless grassroots action demands our politicians confront campaign financing laws, patent laws, monopolies, insider trading, and other means by which the 1% have unfairly tilted the market rules in their own favor, the political battle to save capitalism will be lost After all, if no one has any money to buy things, capitalism itself cannot survive. Saving Capitalism is a very good guide to the state we're in.' Part of HuffPost Entertainment. Saving Capitalism by Robert B. Reich | Key Takeaways, Analysis & Review Preview:. Reich mostly ignores such questions in favor of a standard but engaging treatise on income and wealth inequality and the way large corporations, special interests, and wealthy individuals have gamed the system in their favor against the best interests of the majority of working and middle-class Americans. He trusts that Americans can come together across political divides to form a new countervailing power network of groups such as unions, political action committees, small businesses, and even new political parties, which will lead to a major restructuring of our economic rules so that benefits are shared more equitably. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Reich contends that the free market vs. government debate is a purposeful distraction meant to obscure the reality of who is reaping economic gains. Unfortunately, there is no word on how or when this is supposed to take place. As the title may suggest, Saving Capitalism is a critique of the free market structures and modern-day capitalism. Writer, musician, activist, single father from Chicago. All rights reserved. Book Review - Saving Capitalism For the Many, Not the Few. Saving Capitalism is a brilliant analysis of what needs to be done in America to save the country from slow but nevertheless sure economic disintegration. The most interesting part of Reich's argument is his firm rejection of "market-vs.-government" thinking. I have been recommending this book far and wide to anyone and everyone who will listen. Paperback (Reprint) $ 14.50 $16.00 Save 9% Current price is $14.5, Original price is $16. Sign up for membership to become a founding member and help shape HuffPost's next chapter. Saving capitalism : for the many, not the few / Robert B. Reich.—1st United States edition. The very rich get richer and more powerful, while the middle and lower classes get weaker and poorer. capitalismHowever, there’s not a lot of humor in Saving Capitalism, Reich’s fifteenth book. Praise For Saving Capitalism: For the Many, Not the Few ... —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. To understand “Saving Capitalism,” Robert Reich’s sweeping treatise on inequality in America, you must accept a central premise: The free market is … Saving Capitalism is a very good guide to the state we’re in." * Paul Krugman, The New York Review of Books * 'One of Reich's finest works, and is required reading for anyone who has hope that a capitalist system can indeed work the many, and not just the few.' ... His ambition was and still is to ensure capitalism is for everyone, and not just for the few. Find helpful customer reviews and review ratings for Saving Capitalism: For the Many, Not the Few at Amazon.com. The middle class is shrinking and has become poorer. —The New York Review of Books "One of Reich’s finest works, and is required reading for anyone who has hope that a capitalist system can indeed work the many, and not just the few." Reich begins by bemoaning the state of affairs for working and middle-class families in America, recalling fondly how his father's small business was able to provide for their entire family to live comfortably in the fifties and sixties. Reviewed in the United States on June 24, 2017. Major themes the book touches on include the so-called “free market,” describing the prevailing view, his building blocks of capitalism, the workings of property, monopoly, and contracts, and bankruptcy and associated enforcement mechanisms. This book is a great read. Reich provides plenty of examples and even graphs and numbers to back his claims up, but he seems to be operating under the premise that this is an issue that vast numbers of people on both sides of the political spectrum can and will come together to solve. Book Review by Christopher Nowlin. It is an interesting point and surely worth thinking about, but the problem is that when it comes to specific industries, such as healthcare, education, and prisons, it is very much worth talking about the pros and cons of privatization versus socialism. 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. Saving capitalism for the many, not the few . The overview and analysis of the book’s key takeaways removes much of the mystique, and just might entice people to want to read it. However, it hasn’t raised the quality of life for all beneficiaries equally - to say the least. The reality today just doesn't bear this out; according to Pew research, 60% of Americans still believe anyone can make it if they just work hard, and major Republican presidential candidates still say things like, "We have never been a nation of haves and have-nots. It’s a matter of who controls the government and in whose interests these laws, regulations and judicial proceedings work – the majority of the people/society as a whole? They recommend reading outside our comfort zones. Because of this, the most glaring issue with Saving Capitalism seems to be Reich's unwavering optimism. Story. Hence, my decision to read Robert Reich. Reich… Saving Capitalism: For the Many, Not the Few - Ebook written by Robert B. Reich. This review of Robert Reich’s Saving Capitalism For the Many, Not the Few is admittedly belated but perhaps timely for this very reason. Visionary and acute, Saving Capitalism illuminates the path toward restoring America’s fundamental promise of opportunity and advancement. Or a rich and influential few? ©2020 Verizon Media. Today is National Voter Registration Day! Tap here to turn on desktop notifications to get the news sent straight to you. —Salon 12/29/2015 09:27 am ET Updated Dec 06, 2017 Over my Christmas I had the pleasure of reading Robert Reich's new book, Saving Capitalism: For the Many, Not the Few. As Reich himself says repeatedly throughout the book, it’s not a conflict between “government” on one hand and the “free market” on the other hand. Saving Capitalism: For the Many, Not the Few by Robert B. Reich examines the intersection of economics and politics in order to make sense of income inequality and wealth disparity in the 21st century United States of America…. Robert Reich, ... For the Many, Not the Few” in 2015, and this year, Net­flix cre­at­ed a … Mimi's review of Robert Reich's Saving Capitalism provides an excellent summary of the book. capitalismHowever, there’s not a lot of humor in Saving Capitalism, Reich’s fifteenth book. It also analyzes reviews to verify trustworthiness. About Saving Capitalism 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. You Save 9%. He served in the administrations of Presidents Gerald Ford and Jimmy Carter, and was Secretary of Labour under President Bill Clinton. Since the 1970's, however, Reich argues that the market has been restructured so that the vast majority of economic benefits are going right to the top earners, leaving wages for most Americans stagnant and upward mobility more and more unsure. * Paul Krugman, The New York Review of Books * 'One of Reich's finest works, and is required reading for anyone who has hope that a capitalist system can indeed work the many, and not just the few.' —Salon PLEASE NOTE: This is key takeaways and analysis of the book and NO Reviewed in the United States on October 20, 2015. I really enjoyed reading this book. It’s not even a matter of the size of the government – “big government” vs. “small government”. Read the review of Netflix Original Saving Capitalism, a documentary led by Robert Reich, who explains to us the failings of capitalism in our society. Read honest and unbiased product reviews from our users. capitalismHowever, there’s not a lot of humor in Saving Capitalism, Reich’s fifteenth book. And few indeed are as funny as he is, either: the man could make a go of a career with a standup act. 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. —The New York Review of Books "One of Reich’s finest works, and is required reading for anyone who has hope that a capitalist system can indeed work the many, and not just the few." None of the Republicans currently running for president will do a damn thing about this, nor will Hillary Clinton, who is one of the biggest recipients of campaign contributions from these wealthy interests. Buy my debut novella as an ebook here and paperback here. Reviewed in the United States on February 18, 2016. 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