Can American Capitalism Survive?: Why Greed Is Not Good, Opportunity Is Not Equal, and Fairness Won't Make Us Poor
Steven Pearlstein - 2018
This lucid, brilliant book refuses to abandon capitalism to those who believe morality and justice irrelevant to an economic system." --Ezra Klein, founder and editor-at-large, VoxPulitzer Prize-winning economics journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work.Thirty years ago, "greed is good" and "maximizing shareholder value" became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free market capitalism has lifted more than a billion people from poverty, in the United States most of the benefits of economic growth have been captured by the richest 10%, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free market economy is the best system.In Can American Capitalism Survive?, Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth.Pearlstein lays out bold steps we can take as a country: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. He provides a path forward that will create the shared prosperity that will sustain capitalism over the long term.
The Forgotten: How the People of One Pennsylvania County Elected Donald Trump and Changed America
Ben Bradlee Jr. - 2018
What happened? Named one of the "juiciest political books to come in 2018" by Entertainment Weekly. In The Forgotten, Ben Bradlee Jr. reports on how voters in Luzerne County, a pivotal county in a crucial swing state, came to feel like strangers in their own land - marginalized by flat or falling wages, rapid demographic change, and a liberal culture that mocks their faith and patriotism. Fundamentally rural and struggling with changing demographics and limited opportunity, Luzerne County can be seen as a microcosm of the nation. In The Forgotten, Trump voters speak for themselves, explaining how they felt others were 'cutting in line' and that the federal government was taking too much money from the employed and giving it to the idle. The loss of breadwinner status, and more importantly, the loss of dignity, primed them for a candidate like Donald Trump. The political facts of a divided America are stark, but the stories of the men, women and families in The Forgotten offer a kaleidoscopic and fascinating portrait of the complex on-the-ground political reality of America today.
American Dreamers: How the Left Changed a Nation
Michael Kazin - 2011
Michael Kazin—one of the most respected historians of the American left working today—takes us from abolitionism and early feminism to the labor struggles of the industrial age, through the emergence of anarchists, socialists, and communists, right up to the New Left in the 1960s and ’70s. While the history of the left is a long story of idealism and determination, it has also been, in the traditional view, a story of movements that failed to gain support from mainstream America. In American Dreamers, Kazin tells a new history: one in which many of these movements, although they did not fully succeed on their own terms, nonetheless made lasting contributions to American society that led to equal opportunity for women, racial minorities, and homosexuals; the celebration of sexual pleasure; multiculturalism in the media and the schools; and the popularity of books and films with altruistic and antiauthoritarian messages. Deeply informed, at once judicious and impassioned, and superbly written, American Dreamers is an essential book for our times and for anyone seeking to understand our political history and the people who made it.
An Inquiry into the Nature and Causes of the Wealth of Nations
Adam Smith - 1776
Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's Introduction both clarifies Smith's analyses and illuminates his overall relevance to the world in which we live. As Reich writes, "Smith's mind ranged over issues as fresh and topical today as they were in the late eighteenth century--jobs, wages, politics, government, trade, education, business, and ethics."Introduction by Robert Reich - Commentary by R. H. Campbell and A. S. Skinner - Includes a Modern Library Reading Group Guide
Just Generosity: A New Vision for Overcoming Poverty in America
Ronald J. Sider - 1999
This holistic approach to helping the poor goes far beyond donating clothes or money, envisioning a world in which faith-based groups work with businesses, the media, and the government to help end poverty in the world's richest nation. This updated edition includes current statistics, policy recommendations, and discussions covering everything from welfare reform, changes to Medicade, and the Social Security debate."Sider's most important book since Rich Christians in an Age of Hunger."--Jim Wallis, author, God's Politics"Sider knows how to lift up people in need.... [An] important and challenging book."--John Ashcroft, former Attorney General of the United States