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Supercapitalism

The Transformation of Business, Democracy, and Everyday Life

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From the greatly admired author of The Work of Nations and The Future of Success, this breakthrough book explores the clash between capitalism and democracy. Mid-twentieth-century capitalism has evolved into global capitalism, which has now transformed into supercapitalism—an accelerated, Web-based system capable of producing almost anything anywhere. While supercapitalism expands the economic pie, it undermines democracy's ability to serve all citizens effectively. Reich highlights the widening inequalities of income and wealth, increased job insecurity, and the impacts of global warming as direct consequences of supercapitalism. He explains how companies, striving to maintain competitive edges, have become more politically involved, while average citizens, focused on securing deals and invested in the stock market, hesitate to uphold their values if it jeopardizes their interests. The traditional tools for addressing societal issues—fair taxation, robust public education, and trade unions—have diminished alongside the rise of supercapitalism. Reich advocates for a clear separation between business and politics, calling for an end to the notion that corporations are citizens and emphasizing that social responsibility must be defined by law. He argues for abolishing the corporate income tax in favor of taxing shareholders, holding individuals accountable for corporate crimes, and recognizing that only people can be citizens,

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Supercapitalism, Robert B. Reich

Lingua
Pubblicato
2007
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Titolo
Supercapitalism
Sottotitolo
The Transformation of Business, Democracy, and Everyday Life
Lingua
Inglese
Editore
Knopf
Pubblicato
2007
Pagine
272
ISBN10
0307265617
ISBN13
9780307265616
Serie
Titolo originale
Supercapitalism
Valutazione
3,55 su 5
Descrizione
From the greatly admired author of The Work of Nations and The Future of Success, this breakthrough book explores the clash between capitalism and democracy. Mid-twentieth-century capitalism has evolved into global capitalism, which has now transformed into supercapitalism—an accelerated, Web-based system capable of producing almost anything anywhere. While supercapitalism expands the economic pie, it undermines democracy's ability to serve all citizens effectively. Reich highlights the widening inequalities of income and wealth, increased job insecurity, and the impacts of global warming as direct consequences of supercapitalism. He explains how companies, striving to maintain competitive edges, have become more politically involved, while average citizens, focused on securing deals and invested in the stock market, hesitate to uphold their values if it jeopardizes their interests. The traditional tools for addressing societal issues—fair taxation, robust public education, and trade unions—have diminished alongside the rise of supercapitalism. Reich advocates for a clear separation between business and politics, calling for an end to the notion that corporations are citizens and emphasizing that social responsibility must be defined by law. He argues for abolishing the corporate income tax in favor of taxing shareholders, holding individuals accountable for corporate crimes, and recognizing that only people can be citizens,