Robert Reich's Supercapitalism is the best big-picture book I've read in years. Dispassionately, it cuts through partisan noise and pinpoints the competitive pressures that have driven global business to serve us all supremely well in our capacities as consumers and investors -- while simultaneously eroding democracy and community. Reich locates a technological tipping point in the mid-to-late 70s that destroyed big businesses' insulation from global competition and made managers answerable to institutional investors ever-ready to move capital to any competitor who maximizes profitability.
Sunday October 28, 2007
Sunday October 28, 2007
Sunday October 28, 2007
Robert Reich's Supercapitalism is the best big-picture book I've read in years. Dispassionately, it cuts through partisan noise and pinpoints the competitive pressures that have driven global business to serve us all supremely well in our capacities as consumers and investors -- while simultaneously eroding democracy and community. Reich locates a technological tipping point in the mid-to-late 70s that destroyed big businesses' insulation from global competition and made managers answerable to institutional investors ever-ready to move capital to any competitor who maximizes profitability.