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Robert B. Reich's Saving Capitalism: For the Many, Not the Few Summary

Narrated by: Michael Piotrasch
Length: 21 mins
3.5 out of 5 stars (2 ratings)

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Summary

This is a summary of Robert B. Reich's Saving Capitalism: For the Many, Not the Few.

This presents 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. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in 80 years. 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.

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. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and "big" government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top.

Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action.

This summary is aimed at those who want to capture the gist of the book but don't have the time to listen to the full book. You get the main summary along with all of the benefits and lessons the actual book has to offer.

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Over-summarised and erroneous.

So this one's a howler: "Adam Smith was a key economist of the 20th century".

okay...sonnot *that* Adam Smith, then?