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Is Capitalism Always Good for Democracy? - Robert Reich

1 decade 6 years 2 months 2 weeks ago

Complete video at: http://fora.tv/fora/showthread.php?t=...

Former U.S. Secretary of Labor Robert Reich argues that certain aspects of capitalism are often at odds with the best interests of democracy.

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Robert Reich discusses "Supercapitalism: The Transformation of Business, Democracy, and Everyday Life."

In his newest book, "Supercapitalism," Reich explores the clash between capitalism and democracy. Our economy has become more efficient than ever, with turbocharged, web-based global capitalism morphing into supercapitalism. While supercapitalism is working well to enlarge the economic pie, democracy - charged with caring for all its citizens - is becoming less and less effective under its influence. He makes clear how the tools traditionally used to temper America's societal problems have withered as supercapitalism has burgeoned, and sets out a clear course that can lead the nation to a vibrant capitalism and a concurrent, equally vibrant democracy - Cody's@FCCB

Robert B. Reich is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written eleven books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet, and his most recent book, Supercapitalism. His articles have appeared in the New Yorker, Atlantic Monthly, New York Times, Washington Post, and Wall Street Journal. Mr. Reich is co-founding editor of The American Prospect magazine. His weekly commentaries on public radio's "Marketplace" are heard by nearly five million people.

As the nation's 22nd Secretary of Labor, Reich implemented the Family and Medical Leave Act, led a national fight against sweatshops in the U.S. and illegal child labor around the world, headed the administration's successful effort to raise the minimum wage, secured worker's pensions, and launched job-training programs, one-stop career centers, and school-to-work initiatives. Under his leadership, the Department of Labor won more than 30 awards for innovation. A 1996 poll of cabinet experts conducted by the Hearst newspapers rated him the most effective cabinet secretary during the Clinton administration.

Reich has been a member of the faculties of Harvard's John F. Kennedy School of Government and of Brandeis University. He received his B.A. from Dartmouth College, his M.A. from Oxford University, where he was a Rhodes Scholar, and his J.D. from Yale Law School.