saving capitalism book summary

The hard part is getting the politicians and government focused sufficiently to implement what is needed to fix the problems. 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. Meanwhile, political power has become increasingly concentrated. It is NOT at all visible that it is just a summary (itself of rather poor quality) because the cover is EXACTLY the same as the real book. About Saving Capitalism. The movie addresses the very roots of contemporary consumerism in America, and should be required viewing for those concerned about the way in which major corporations and Wall Street banks yield disproportionate power over the government.

In one scene, Reich discusses his attempts in the 1970s to ban commercial marketing to young children, and the backlash that ensued when manufacturers of soft drinks and sugary cereals framed it in terms of the law being "anti-free enterprise. Great primer on our nation's economic problems and how to fix them.

In the 2012 presidential election, only 58.2% of eligible voters actually voted. However, free markets don’t necessarily work for the good of all society. Directed by Jacob Kornbluth, Sari Gilman. Belief in free markets dictates that these people have earned what they’re worth; they deserve all those luxuries associated with being wealthy.

The middle class is being squeezed and it’s time for them to push back. As a result, America is now divided into two classes: the super rich and everybody else. Browse titles with similar subject matter. Reviewed in the United States on June 23, 2016. Once the rest of the world recovered from the conflict which had devastated the Eurasian land mass, we were fated to be deluged with cheap imports. There's a problem loading this menu right now. He laments that these days are over and proposes myriad changes to enable us to go back to the golden age. 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.

Robert Reich discusses his work in and out of government to address various concerns such as advertising marketed directly to children, corporate welfare, and the increased concentration of wealth. . He writes to correct that misconception and shift the debate in order to solve economic and political problems. View production, box office, & company info, Director Jacob Kornbluth On ‘Saving Capitalism,’ Robert Reich & Trump Voters [Video Exclusive], Official Trailer for Netflix's Economics Documentary 'Saving Capitalism'.

A Netflix Original Series documenting various stories about exposing the greed, corruption, and crime spreading through the global economy. More fundamentally, we have to become more competitive in international markets.

Get this NOW!!!!!! The party would also need to raise the minimum wage and give priority to labor agreements instead of creditor agreements in order for America’s working classes to prosper. ", Parents and caregivers: Set limits for violence and more with Plus, Parents need to know that Saving Capitalism is a 2017 documentary in which former Labor Secretary Robert Reich discusses the widening income gap between the rich and poor in America. Key Takeaway 8: A countervailing power should not only reorganize the market to distribute income more evenly, but it must also develop market rules to counteract the trends of globalization and technological innovation that tend to benefit the one percenters and cost the lower classes their jobs. Bottom line - I am disappointed in being had! They are all the same in that regard. However, there are advantages to owning things. He argues that the super-rich have manipulated and changed these rules to their advantage since 1980 and that this largely explains their increasing share of the national income pie.

The main problem is not economic, but political. I wrote this article myself, and it expresses my own opinions. Visionary and acute, Saving Capitalism illuminates the path toward restoring America’s fundamental promise of opportunity and advancement. This film is an ... See full summary ». At some point, this may threaten to undermine public support for capitalism. So the young men and women entering the job market from 1950 until 1965 were few and highly prized.
For example, drug companies receive patents for drugs that they can then produce exclusively. The US economy is facing many problems, including the power of Wall Street and large corporations as well as disruptions in technology.

They also have influence over government, which allows them to continue growing their wealth and entrenching their economic power. His new book, Saving Capitalism - For the Many, Not the Few, focuses on the change in income distribution which occurred starting around 1980. Download "Saving Capitalism Book Summary, by Robert B. Reich" as PDF.

However, beginning in the 1980s, average household income stopped growing. The InstaRead version appears to discredit the valuable book "Saving Capitalism", Reviewed in the United States on February 14, 2016.

Searching for streaming and purchasing options ... Common Sense is a nonprofit organization. Even better, it helps you remember what you read, so you can make your life better. These manipulations are a large factor causing the ever worsening income distribution. He hearkens back to the 1950s and 60s as kind of golden age in which a hard working American could earn enough to support his children and a stay-at-home mom, make mortgage payments on a comfortable residence, and pay for college. 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. For example, American big business focuses a lot of lobbying power on Occupational Safety and Health Administration (OSHA), which enforces labor rights.
Reich has a talent for making it easy to understand. Single companies produce countless lifesaving drugs and sell them for exorbitant prices because the government has deemed private property rights more important than the accessibility of lifesaving medicine.

Inheritance, connections, luck and even marriage can all affect salary. Want to get the main points of Saving Capitalism in 20 minutes or less? For example, in modern employment contracts, complaints are dealt with through an arbitrator and the arbitrator’s judgment must be accepted without court involvement.

I feel cheated and they refused to refund the money. While capitalism may be in trouble, it is possible to save it. And I am not even going to start talking about China. OXFAM has launched a report showing that the richest 1% of the population owns the same wealth as the other 99%. Add the first question. The presentation and wording are deceptive, whoever Instaread is they picked the right name. . Icon Books Ltd. 2016. It’s about being an active citizen and renewing democracy by having faith in the founding principles of the United States, which are equality and justice for all people.

Palin docudrama is curious peek at political system. The 'Key Takeaways, Analysis & Review' is not a subtitle to Reich's book, and are not in addition to the text.

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. Looking for some great streaming picks? . This is a call to action. Amazon, for example, has a monopoly in the book market because of its low prices and convenience. . Bitcoin is the most disruptive invention since the Internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism. The country needs a long-term vision that incorporates these factors. The majority must regain influence over the rules of the market in order to counteract power of moneyed interests and reestablish an economy that benefits all people equally.

Get full reviews, ratings, and advice delivered weekly to your inbox. This happens in ways such as politicians receiving campaign contributions or being offered high-paying jobs after they leave office.

He has served in three national administrations and has written fifteen books, including The Work of Nations, which has… More about Robert B. Reich, Praise for Robert B. Reich’s Saving CapitalismA Publishers Weekly Business & Economics Top 10 selection for Fall 2015“Ambitious. His new book, Saving Capitalism - For the Many, Not the Few, focuses on the change in income distribution which occurred starting around 1980.

Please try again later. Government is a necessary component of any market because it creates the rules that define how markets work.

It’s a school year like no other. BUY NOW FROM. Between 1945 and 1980, the general pattern, admittedly with fits and starts, was gradually increasing inflation. AI Superpowers Book Summary, by Kai-Fu Lee. The only way to alter this status quo is for the majority to become informed, organized, and motivated to act. . When that’s done, the corporation must also be reinvented. Furthermore, if people who do social work, teach or care for the elderly were paid more, they would be even happier and more productive. People tend to be pessimistic when they’re frustrated, but this can lead to innovation. Lack of trust further damages the political and economic system as people become cynical, avoid reasonable financial risks, and start cheating in order to get by. 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. A baker or mechanic could earn enough to buy a home, car and raise a family. . Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Offers a pragmatic reform-filled path forward. Key Takeaway 4: The influence of the wealthy on the economy and politics undermines the trust on which capitalism depends. "For the many, not the few." For example, a CEO made 20 times more than an average worker in 1965.

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