It is a terrific read! Has anyone read Robert Reich's "Supercapitalism"?

Question

reich is an terrific economist and professor and has a new best-seller. it really identifies how high technology has made things cheaper for consumers but is killing the working man. the public anger is growing and the same old story. the politicians and upper eschelon are enriching themselves and the xxx generation is working long hours at mcdonalds and walmart to pay the rent. on top of that is the immigration surge that takes jobs and silently lowers living standards for the average worker. he does a great job of defining an obscure situation.

the politicians and ceo's seem to have a lot in common. the working man is in deep trouble in years ahead without a huge move to turn out the damn officials.

Answer 1

Robert Reich is NOT an economist. He does not have so much as a bachelor's degree in Economics, much less an advanced degree in it, and he has never worked as an economist of any kind.

Which may explain why he is ALWAYS wrong -- very reliably so -- on economic issues, like that BS you are repeating. I mean it's really uncanny, if his lips are moving, he is spouting some falsehood or misunderstanding about economics. He's not even right every once in awhile, just by random accident.

(BTW, his claim that he "opposes" corporate taxation is bogus, and a perfect example. He in fact supports corporations directly paying tax on corporate income, but on behalf of shareholders -- in a scheme that would be ludicrously complex for any public corporation corporation to calculate, would tie up every accountant in the universe, and would leave the company to pay a tax rate, but one unrelated to its level of profitability. And he thinks this is not a corporate tax: In RR's feeble mind, he typically enough cannot even understand what he is proposing).

Answer 2

I have not read the book but a reviewer posted this excerpt from it

"Finally, I will come to some conclusions you may find surprising -- among them, why the move toward improved corporate governance makes companies less likely to be socially responsible. Why the promise of corporate democracy is illusory. Why the corporate income tax should be abolished. Why companies should not be held criminally liable. And why shareholders should be protected from having their money used by corporations for political purposes without their consent."

It is reassuring to know he is not an economist and always wrong, because few liberals would agree with his conclusions

Answer 3

yeah I read it. it's like 9/11 conspiracy video, only boring.
and yeah, reported for advertizing.