a very concise tour de force that lends a rather non-partisan, sweeping, and surprisingly practical review of the economic & political history of capitalism.
Reich explains why things are the way they are with capitalism, while dismissing conspiracies & corporations as convenient bogeys. he treats corporations as dead entities, in contrast to the living status common law assign...
more a very concise tour de force that lends a rather non-partisan, sweeping, and surprisingly practical review of the economic & political history of capitalism.
Reich explains why things are the way they are with capitalism, while dismissing conspiracies & corporations as convenient bogeys. he treats corporations as dead entities, in contrast to the living status common law assign them.
he also surprises by asserting that corporations' behaviors are rational & logical, merely symptoms of a deeper, much more systemic problem.
at root are slowing cycles of innovation juxtaposed with growing competition and commoditization; with it the insufficient creation of new markets and jobs, and the resulting economic & political stresses and shocks that get very amplified over time.
a superbly balanced primer of capitalism that goes a long way to demystify current events and times.
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