Item type | Location | Call number | Status | Date due | Barcode | Item holds |
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Book |
Lee Yan Fong Library
Library Collection
Lee Yan Fong Library |
HB501 R359 2015 (Browse shelf) | Available | 00026838 |
HB501 A552 2013 The financial crisis and the free market cure : | HB501 F769 2004 Capitalism : | HB501 L436 2008 The rise of China and the demise of the capitalist world-economy / | HB501 R359 2015 Saving capitalism : | HB539 D33 2009 Mathematical interest theory / | HB539 K28 2009 The theory of interest / | HB548 G86 2012 Introduction to intercultural economics |
Includes bibliographical references (pages 223-263) and index.
Part I. The free market. The prevailing view -- The five building blocks of capitalism -- Freedom and power -- The new property -- The new monopoly -- The new contracts -- The new bankruptcy -- The enforcement mechanism -- Summary : the market mechanism as a whole -- Part II. Work and worth. The meritocratic myth -- The hidden mechanism of CEO pay -- The subterfuge of Wall Street pay -- The declining bargaining power of the middle -- The rise of the working poor -- The rise of the non-working rich -- Part III. Countervailing power. Reprise -- The threat to capitalism -- The decline of countervailing power -- Restoring countervailing power -- Ending upward pre-distributions -- Reinventing the corporation -- When robots take over -- The citizen's bequest -- New rules.
Perhaps no one is better acquainted with the intersection of finance and politics than Robert B. Reich, and now he reveals the cycles of power and influence that have perpetuated a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the "free market" is, and how it has masked the power of the moneyed interests to tilt the market to their benefit. He exposes the falsehoods that have been bolstered by the corruption of our democracy by big corporations and the revolving door between Washington and Wall Street -- that all workers are paid what they're "worth," a higher minimum wage equals fewer jobs, corporations must serve shareholders before employees. Ever the pragmatist, Reich sees hope for reversing our slide toward inequality and diminished opportunity by shoring up the countervailing power of everyone else. Here is a revelatory indictment of our economic status quo and an empowering call to civic action.--Adapted from book jacket.