Aftershock(Inequality for All--Movie Tie-in Edition): The Next Economy and America's Future

Front Cover
Knopf Doubleday Publishing Group, Sep 24, 2013 - Business & Economics - 208 pages
Updated and With a New Introduction

When the nation’s economy foundered in 2008, blame was directed almost universally at Wall Street bankers. But Robert B. Reich, one of our most experienced and trusted voices on public policy, suggests another reason for the meltdown. Our real problem, he argues, lies in the increasing concentration of income at the top, robbing the vast middle class of the purchasing power it needs to keep the economy going. This thoughtful and detailed account of the American economy—and how we can fix it—is a practical, humane, and much-needed blueprint for rebuilding our society.
 

Contents

INTRODUCTION
1
PART I
9
Eccless Insight
11
Parallels
18
The Basic Bargain
28
How Concentrated Income at the Top Hurts the Economy
32
Why Policymakers Obsess About the Financial Economy Instead of About the Real One
38
19471975
42
No Return to Normal
75
The 2020 Election
79
Why Cant We Be Content with Less?
85
Adding Insult to Injury
92
Outrage at a Rigged Game
101
The Politics of Anger
114
A New Deal
127
How It Could Get Done
141

How We Got Ourselves into the Same Mess Again
50
The Three Coping Mechanisms
60
The Future Without Coping Mechanisms
64
Why China Wont Save Us
69
Notes
147
Acknowledgments
159
114
182
Copyright

Other editions - View all

Common terms and phrases

About the author (2013)

Robert B. Reich is Chancellor’s Professor of Public Policy at the Richard and Rhoda Goldman School of Public Policy at the University of California, Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton, and he served as an adviser to President-elect Barack Obama. He has written twelve books, including The Work of Nations (which has been translated into twenty-two languages), Supercapitalism, and the best sellers The Next American Frontier, The Future of Success, Locked in the Cabinet, and, most recently, Aftershock: The Next Economy and America’s Future. His articles have appeared in The New Yorker, The Atlantic, The New York Times, the Financial Times, The Washington Post, and The Wall Street Journal. He is co-founding editor of The American Prospect magazine and chairman of Common Cause. His bi-weekly commentaries on public radio’s Marketplace are heard by nearly five million people. In 2003, Reich was awarded the prestigious Václav Havel Foundation Prize for pioneering work in economic and social thought. In 2008, Time magazine named him one of the ten most successful cabinet secretaries of the twentieth century, and The Wall Street Journal named him one of the nation’s ten most influential business thought-leaders.

Bibliographic information