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Summary of Saving Capitalism: by Robert B. Reich | Includes Analysis, by Instaread
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PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Saving Capitalism by Robert B. Reich | Key Takeaways, Analysis & Review
Preview:
Saving Capitalism: For the Many, Not the Few by Robert B. Reich examines the intersection of economics and politics in order to make sense of income inequality and wealth disparity in the 21st century United States of America…
Inside this Instaread of Saving Capitalism:- Overview of the book
- Important People
- Key Takeaways
- Analysis of Key Takeaways
With Instaread, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
- Sales Rank: #431927 in Books
- Published on: 2015-11-12
- Original language: English
- Number of items: 1
- Dimensions: 8.00" h x .7" w x 5.00" l, .9 pounds
- Binding: Paperback
- 30 pages
About the Author
With Instaread, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Most helpful customer reviews
8 of 8 people found the following review helpful.
An interesting look at the economy, politics, and how we can do better
By Ivy Reisner
Robert Reich, while defending the underlying principles of capitalism, argues we can improve upon it, structure it better so rather than it heading for a self-destructive cycle, it can serve a far greater percentage of the population. The key is to look past some of the blinders we're wearing, examine what is really going on (and the myth of the free market) and find ways to strengthen both capitalism and the overwhelming percentage of the population the current skewing of it disenfranchises.
The key points are:
1- There is no such thing as the free market. Actually, this is a point I've been making for a while. There have to be rules. Imagine if I owned a vase shop and in order to get more business I smashed all my competitors' vases. Why not do that? Seems practical. Because we can't just do whatever we choose; we have laws. A credit card company can't allow a business to run a change then decide it's not going to turn over the money. We have laws. So once we acknowledge the market is governed by laws, and that those laws are needed for the market to function, the question becomes one of what those laws should be.
2- Those who praise the "free market" as it stands are those who benefit most from it. That's just human nature.
3- Economic and political power are linked.
4- When the wealthy can influence not just economics but politics, the trust upon which capitalism depends erodes.
5- The notion that people earn what they are worth is a dangrous fallacy.
6- The increasing power of the upper class comes at the expense of the power of the working and middle classes, and the issue is of politics, not economics.
7- The great divide now is not on political party lines, but between the establishment and the rest of the country.
8- We need a countervailing force that can realign the market to distribute income more evenly. (Here as an aside I'll point out that this happened when wages went up during WW II, which many consider a reason we did not go fall back into the Great Depression when the war ended.) It also must develop market rules to counter globalization and disruptive technology. (Here I'll argue it's better to embrace the technology and use it for maximum good. Ned Ludd lost.)
If you're a staunch Democrat, you'll cheer this book. If you're a staunch Republican, you'll curse a blue streak. If you're just curious, and you read this with an eye to analysis, you'll find some things questionable and some of worth and more than enough to decide if you wish to delve further. There certainly is enough here that is worthy of consideration.
I received a copy in exchange for an honest review.
7 of 7 people found the following review helpful.
A big economics lesson in a small package
By Charles A. Ray
Robert B. Reich’s Saving Capitalism is a comprehensive look at how economics and politics combine in the US to produce economic inequality. Reich debunks the myths that the uber-rich perpetuate about the free market, as well as many other misperceptions about economic issues. His main thesis is that it’s not about free market versus big government as a host of conservative politicians and their wealthy backers would have you believe, but about creating a market economy that further enriches the top 1% versus one that is designed to benefit the majority of citizens.
Reich manages to remain mostly apolitical in his book, focusing on the things that people of all political persuasions can do to improve their lives and benefit the country at large—something all too many of our current crop of politicians fail to do.
Saving Capitalism: For the Many, Not the Few by Robert B. Reich/Key Takeaways, Analysis & Review by Instaread is another great introduction to a book that many lay readers might be reluctant to purchase. The overview and analysis of the book’s key takeaways removes much of the mystique, and just might entice people to want to read it. I know it did for me.
9 of 10 people found the following review helpful.
The InstaRead version appears to discredit the valuable book "Saving Capitalism"
By Anne Rodgers-Hall
I found the original book “Saving Capitalism” to be a seminal book, regarding the powerful influence of special interests on Congress, and that the wealthiest own a rapidly growing percentage of the economy. At the same time, the middle class has not significantly improved financially since the 1970’s. This is not healthy for the United States. The optimism for the future is being replaced by concern how we will make a living, for ourselves and our children.
The book is named “Saving Capitalism for the many not the few”.
The book elucidates a spectrum of ways the laws and regulations of the market place have changed, over the years, to favor the top 1 percent, often creating an income redistribution, from the middle class, upwards to the top classes. The power of the book is in the examples, information and clarity of discussion.
Unfortunately, the InstaRead version provides an approximate copy of the conclusions of the book, without any the information supporting these conclusions. For brevity, the conclusions are not written in the way Reich wrote them, and much is lost in subtle ways. Reading the InstaRead version sounds more like the Communist Manifesto, than a brief version of the book. The book is entitled Saving Capitalism, and the book supports capitalism, supports rewarding innovation. The InstaRead version has none of the information or power of the book, and, in my opinion, would promote disregarding the book as liberal propaganda.
Robert Reich notes that our political discourse frequently centers on the debate between free market and big government. Reich points out that this discussion is actually meaningless, since there is no market place, without the rules and regulations created by government. The moneyed interests wish to keep this debate going, while they quietly lobby the government to continue to change the rules of the market to their favor, and they usually get what they want.
Saving Capitalism reminds us that the United States was in a similar situation in 1900, when monopolies concentrated wealth to the top, crushing their competition, creating fabulous wealth for the few, while their workers lived very poorly. Teddy Roosevelt lead the fight to save capitalism back then. The book shows what can be done now to save capitalism again for the many, not the few.
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