Supercapitalism: The Transformation of Business, Democracy, and Everyday Life (ISBN ) is a book written by Robert B. Reich and published by. SUPERCAPITALISM: The Transformation of Business, Democracy, and Everyday Life by Robert Reich. 11 Sep We love low prices, sure, but we frown at the things companies do to get us good deals — like paying low wages. In his book Supercapitalism.
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People like you and me. Reich thinks this has led to a government which is primarily run for the benefit of fictional people corporationsand rarely for actual humans, even the humans who run them.
While there is a great deal of truth in his analysis, I disagree with Reich on two points: First, I think Reich lets corporations off the robeet rather too easily.
Want to Read Currently Reading Read. And competition among companies to lure and keep them continues to intensify. Aug 21, Betsy Curlin rated it it was amazing.
Thanks for telling us about the problem. Over time, as competition and widespread stock investing got more popular, an evolutionary process transformed the goals of businesses. We think it’s all a matter of individuals “behaving decently” We wag our fingers at corrupt CEOs and demand corporations “act responsibly.
I see myself as unequivocally capitalist, believing in creative destruction and the rewarding of those who give the most value to consumers. If there are sweatshops in Timbuktu using child labor, why aren’t American unions there, dupercapitalism to build relationships with communities and promote reforms?
I came away from this book thinking, “Wow, I really learned something. In chapter two we see how at some point technology of all kinds ship containers, the internet, global markets created a much more cut-throat environment for companies fixated on the bottom line. However, better to simply say that Prof Reich For comparison, consider how the current market forces would have responded if Microsoft had attempted to behave as Bill Gates currently is in the Bill and Melinda Gates foundation.
Public policies are to be judged by a utilitarian calculus of whether they improve the efficiency of the economy. Democratic capitalism was transformed to supercapitalism because the consumer and investor in us has won out over the citizen.
Growth was high and steady, inflation was low, wages were high, an This is as lucid and penetrating a summary of the causes of the economic crisis as I can find from a left-center perspective. Superrcapitalism hasn’t exploded because businesses are becoming more greedy or because politicians have become more corrupt; it has exploded because intense competitive pressures force businesses to allocate funds to Washington to influence policy.
Crisis of Democracy
Views Read Edit View history. He rightly notes that these changes in our economics and politics have been on-going since at least the s, and they correlate far more with consumer and investor activity than with what party was in power.
Just put it down if the sound of your teeth grinding in anger starts to distract others, and take it like bitter medicine, a chapter at a time. Corporations, as they are currently conceived, are not benevolent constructions seeking to ensure equality for citizens. The first chapter explains how capitalism of the post WWII times ushered an “Almost Golden Era” of corporate statemanship where the ideals of democracy and business seemed to go hand in hand.
Mar 14, Hadrian rated it really liked it Shelves: I know understand why very little public policy legislation comes out of Congress, why present day CEOs are paid exorbitant salaries, why job layoffs are inevitable, and why many former US jobs and companies are outsourcing and building there factories oversees.
No, it seems clear to me that he means it as a pejorative term for the disease of “supercapitalsm” that he sees having swept not only America, but around the world. Not a fun read, but a good one. May 25, Robert Mahon rated it liked it. The easier it is for us as consumers and investors to get better deals, the more intense the competition becomes among companies for our dollars. Nov 22, Jenny rated it liked it Recommended to Jenny by: Democracy is the appropriate vehicle for responding to such social consequences.
Not me, I have no money, but you get the idea. Sometimes along comes a book that just hits it in the head. Interestingly enough, he doesn’t place the blame on the corporations; instead he likens them to animals acting on instinctive behaviors – in this case, seeking to maximize profits.
It’s what’s required of them legally. And although Reich is all over the social media feeds as a committed anti-Trump crusader, his insights into the relationship between capitalism and democracy are relevant no matter which side of the political abyss you might find yourself standing.
Those deals may require moving jobs abroad where they can be done at lower wages, substituting computers and software for people, or resisting unions. As consumers we want Wal-Mart to not give their workers health benefits because we prefer low prices. Download our Spring Fiction Sampler Now. Or from companies that fight off unions. View all 3 comments.
Supercapitalism: The Transformation of Business, Democracy, and Everyday Life – Wikipedia
He has served in… More about Robert B. Shareholder suits would have quickly blocked it. Take for example Supercapitalism, by Robert Reich. In short, the large corporations have bought Congress, and it is their interests that are being served, not those of the a average person. Thus the troubling features were nearly all dropped. Reich offers a succinct, interesting history of the relationship between business and democracy in the last fifty years.
Powerful and thought-provoking, Supercapitalism argues that a clear separation of politics and capitalism will foster an enviroment in which both business and government thrive, by putting capitalism in the service of democracy, and not the other way around. The first chapter explains how capitalism of the post WWII times ushered an “Almost Golden Era” of corporate statemanship where the ideals of democracy and bu Sometimes along comes a book that just hits it in the head.
Racial and social tensions continued to dominate internally, and bald-faced foreign policy with corporate interests in mind was common. But how can companies charge such lower prices? I think one of the first things to understand is what Prof.