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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But Reich makes the point that this is not done out of purely corporate greed. With his customary wit and insight, Reich shows how widening inequality of ssupercapitalism and wealth, heightened job insecurity, and corporate corruption are merely the logical results of a system in which politicians are more beholden to the influence of business lobbyists than to the voters who elected them.

To empower the working man in the face of relentless assualt by big business and to enact laws and regulations to protect jobs and employment from ending up in dollar a day sweatshops in S. Here, Supercapitaliam owes a debt to Galbraith, who first explored what he saw as the paradox of private affluence and public squalor in the s.

Corporations, as they are currently conceived, are not benevolent constructions seeking to ensure equality for citizens. Also, I will no longer treat corporations as people with voting rights and moral obligations. Teich root of this, he claims is technological disruption; tech discovered and funded through pentagon programs to fight communism.

Supercapitalism: The Transformation of Business, Democracy, and Everyday Life

Corporations should not have the legal standing of a person in court. However, perhaps he could of further revealed the anticipated consequences of these steps good or bad. Old time labor unions have been replaced by the likes of corporations like Wal-Mart, that could be thought of as a union of consumers, aggregating their demand for consumer choice and low prices.


The rational market crowd — among whose number Reich is counted — tell us these sweatshops are necessary and beneficial to developing countries and therefore desirable. Reich does a fine job of rebutting the fallacy that one cannot have good democracy unless one is willing to endure a widening gap between a nation’s haves and have nots nothing trickles down when supercapltalism submit to a system which allows for the privatizing of gains whilst socializing the losses.

If we want genuine change, the only way supetcapitalism create it is to confront the rulemakers. With one percent of the U. Or they may come at the expense of the earth’s atmosphere.

Robert Reich Looks Askance at ‘Supercapitalism’

First, I think Reich lets corporations off the hook rather too easily. I knew of him from his time as Secretary of Labor with the Clinton adminis I had the distinct privilege of meeting Professor Reich in San Francisco last year.

We think it’s all a matter of individuals “behaving decently” We wag our fingers at corrupt CEOs and demand corporations “act responsibly. The false idea that companies pay taxes leads to the conclusion that they deserve to be represented in the political process. Definitely some interesting points raised in this book – excellent in audio and a great book for a stimulating discussion.

Now the iconic firm is WalMart. These changes he shows in a variety of ways started before Reagan, and continued with equal strength through the Clinton administration, so it’s nothing to do with which party is in power.

Supercapitalism: The Transformation of Business, Democracy, and Everyday Life by Robert B. Reich

The stagnation and even decline of real wages compared to the growth of the economy, the explosion of CEO wages, the decline of unionism, and most likely the Great Crash of where riech of the financial industry went too far. Although Reich is not a philosopher this has implications as to the nature of reality and ideology; that the interaction between different relations is what activates what is to be considered real.


Wages were good, the economy prospered, and the gap between rich and poor was small. Views Read Edit View history. He faults Reich, however, on his view of economic history and opines that American companies make enough profits to support social issues.

Robert Reich Looks Askance at ‘Supercapitalism’ : NPR

Lobbying 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. But to accomplish this, the two spheres must be kept distinct. Paving the way for democracy need not mean a people must thereafter prepare for free market capitlism.

Retrieved from ” https: The Society of Business Economists. As citizens we’ve lost our voice because corporations and their money are able to speak so much more loudly than citizens can. To ask other readers questions about Supercapitalismplease sign up. To see what your friends thought of this book, please sign up.