Supercapitalism
The Transformation of Business, Democracy and Everyday Life
by:
Robert B. Reich
in:
Political Theory
Summary:
The book examines the evolution of capitalism into a more powerful global economic system that has outpaced the capacity of democratic institutions to regulate it, leading to increased economic efficiency but also greater inequality and weakened civic engagement. It explores the tensions between the roles of citizens and consumers, and how the pursuit of profit has overshadowed public interest and democratic values in society.
Key points:
1. Supercapitalism emerged after WWII, marked by fierce competition, global corporations, and tech advances, leading to more consumer choices and lower prices but also to increased inequality and wealth concentration.
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