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Sunday, November 29, 2015

'Challenging the Oligarchy'

Paul Krugman reviews Robert Reich's book Saving Capitalism: For the Many, Not the Few:

Challenging the Oligarchy: Back in 1991, in what now seems like a far more innocent time, Robert Reich published an influential book titled The Work of Nations, which among other things helped land him a cabinet post in the Clinton administration. It was a good book for its time—but time has moved on. And the gap between that relatively sunny take and Reich’s latest, Saving Capitalism, is itself an indicator of the unpleasant ways America has changed.
The Work of Nations was in some ways a groundbreaking work, because it focused squarely on the issue of rising inequality—an issue some economists, myself included, were already taking seriously, but that was not yet central to political discourse. Reich’s book saw inequality largely as a technical problem, with a technocratic, win-win solution. That was then. These days, Reich offers a much darker vision, and what is in effect a call for class war—or if you like, for an uprising of workers against the quiet class war that America’s oligarchy has been waging for decades. ...

    Posted by on Sunday, November 29, 2015 at 12:03 PM in Economics, Income Distribution | Permalink  Comments (65)


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