Do you recall a time when the income of a single schoolteacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family? Robert Reich does - in the 1950s. Today, this middle class is rapidly shrinking: American income inequality and wealth disparity is the greatest it's been in eighty years. As Reich, who served in three US administrations, shows, the threat to capitalism is no longer communism or fascism but a steady undermining of the trust modern societies need for growth and stability. With an exclusive chapter for Icon's edition, Saving Capitalism is passionate yet practical, sweeping yet exactingly argued, a revelatory indictment of the economic status quo and an empowering call to action.

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.

From one of America's foremost economic and political thinkers comes a vital analysis of our new hypercompetitive and turbo-charged global economy and the effect it is having on American democracy. With his customary wit and insight, Reich shows how widening inequality of income 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. Powerful and thought-provoking, Supercapitalism argues that a clear separation of politics and capitalism will foster an enviroment in which both business and government thrive, by putting capitalism in the service of democracy, and not the other way around.

"From political economist, cabinet member, beloved professor, media presence, and bestselling author of Saving Capitalism and The Common Good, a deeply-felt, compelling memoir of growing up in a baby-boom America that made progress in certain areas, fell short in so many important ways, and still has lots of work to do. A thought-provoking, principled, clear-eyed chronicle of the culture, politics, and economic choices that have landed us where we are today-with irresponsible economic bullies and corporations with immense wealth and lobbying power on top, demagogues on the rise, and increasing inequality fueling anger and hatred across the country. Nine months after World War II, Robert Reich was born into a united America with a bright future-that went unrealized for so many as big money took over our democracy. His encounter with school bullies on account of his height-4'11" as an adult-set him on a determined path to spend his life fighting American bullies of every sort. He recounts the death of a friend in the civil rights movement; his political coming of age witnessing the Berkeley free speech movement; working for Bobby Kennedy and Senator Eugene McCarthy; experiencing a country torn apart by the Vietnam War; meeting Hillary Rodham in college, Bill Clinton at Oxford, and Clarence Thomas at Yale Law. He details his friendship with John Kenneth Galbraith during his time teaching at Harvard, and subsequent friendships with Bernie Sanders and Ted Kennedy; his efforts as labor secretary for Clinton and economic advisor to Barack Obama. Ultimately, Reich asks: What did his generation accomplish? Did they make America better, more inclusive, more tolerant? Did they strengthen democracy? Or, did they come up short? In the end, though, Reich hardly abandons us to despair over a doomed democracy. With his characteristic spirit, humor, and inherent decency, he lays out how we can reclaim a sense of community and a democratic capitalism based on the American ideals we still have the power to salvage"-- Provided by publisher.

Examines the socio-economic questions that will be plaguing the policy-makers of the future.