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By Nothing really matters on 04-18-16
A riveting economics book! Mind. Blown.
Normally, I'm not especially interested in economics. But I was fascinated with Robert Reich's explanation of how the middle class’s buying power and political influence have been transferred to the hands of the wealthiest with the full complicity of politicians on both sides of the spectrum.
I am certain RR is right when he suggests that if more of us understood what is actually happening, we’d cease the right vs. left debate --which miss the point-- and focus on how the world economy’s gone out of whack and on how to accommodate the new realities caused by the relocation of manufacturing jobs and the ability of successful tech companies to make crazy money with relatively few employees.
I also believe he’s right in suggesting those of us in what remains of the middle class are not lazy or useless, as we may have started to believe. In fact, we’re more productive than our parents were. We are just being paid less than our parents, counter-intuitively. The wealth we help generate is no longer being shared with us in an equitable manner. An ever-increasing share is redirected to the new aristocracy.
Do yourself and your kids a favour and read this book. You’ll be shocked at what you’ll learn but glad you did.
16 of 16 people found this review helpful
By G. S. Pita on 04-26-16
One of Mr. Reich's finest works ao far
Inequality has been Mr. Reich's favorite topic for a while. In this book the author employs years, if not decades, of research to describe the forces governing and dictating the future of America. He proposes a number of alternatives to correct the course of wealth distribution and does a good job of handling common objections to his proposals. This is a much more mature book, in my view, as compared to Supercapitalism, for example. His ideas are clearer and more organized. It also helps to have the author narrating his own book, to give the right intonation amd emphasis where needed. I definitely recommend this audiobook to people interested in forming a broader understanding of distribution of wealth and its impact in society.
6 of 6 people found this review helpful