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Pt. I: The free market : The prevailing view ; The five building blocks of capitalism ; Freedom and power ; The new property ; The new monopoly ; The new contracts ; The new bankruptcy ; The enforcement mechanism ; Summary: the market mechanism as a whole -- Pt. II: Work and worth : The meritocratic myth ; The hidden mechanism of CEO pay ; The subterfuge of Wall Street pay ; The declining bargaining power of the middle ; The rise of the working poor ; The rise of the non-working rich -- Pt. III: Countervailing power : Reprise ; The threat to capitalism ; The decline of countervailing power ; Restoring countervailing power ; Ending upward pre-distributions ; Reinventing the corporation ; When robots take over ; The citizen's bequest ; New rules. From the author of Aftershock and The Work of Nations , his most important book to date--a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the "free market" is, and how it has masked the power of moneyed interests to tilt the market to their benefit. Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they're "worth," that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and "big" government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action. From the Hardcover edition From the author of Aftershock and The Work of Nation s, his most important book to date--a passionate yet practical, sweeping yet minutely argued, myth-shattering breakdown of what's wrong with our political-economic system, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of finance and politics than Robert B. Reich, and now he reveals the cycles of power and influence that have perpetuated a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the "free market" is, and how it has masked the power of the moneyed interests to tilt the market to their benefit. He exposes the falsehoods that have been bolstered by the corruption of our democracy by big corporations and the revolving door between Washington and Wall Street-- that all workers are paid what they're "worth," a higher minimum wage equals fewer jobs, corporations must serve shareholders before employees. Ever the pragmatist, Reich sees hope for reversing our slide toward inequality and diminished opportunity by shoring up the countervailing power of everyone else. Here is a revelatory indictment of our economic status quo and an empowering call to civic action. Perhaps no one is better acquainted with the intersection of finance and politics than Robert B. Reich, and now he reveals the cycles of power and influence that have perpetuated a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the "free market" is, and how it has masked the power of the moneyed interests to tilt the market to their benefit. He exposes the falsehoods that have been bolstered by the corruption of our democracy by big corporations and the revolving door between Washington and Wall Street -- that all workers are paid what they're "worth," a higher minimum wage equals fewer jobs, corporations must serve shareholders before employees. Ever the pragmatist, Reich sees hope for reversing our slide toward inequality and diminished opportunity by shoring up the countervailing power of everyone else. Here is a revelatory indictment of our economic status quo and an empowering call to civic action.--Publisher information Outlines How The American Economic System Is Failing, With Increasing Income Inequality And A Shrinking Middle Class, And Reveals How A Market Designed For Broad Prosperity Can Reverse The Trend Toward Diminished Opportunity. --publisher The Free Market. The Prevailing View ; The Five Building Blocks Of Capitalism ; Freedom And Power ; The New Property ; The New Monopoly ; The New Contracts ; The New Bankruptcy ; The Enforcement Mechanism ; Summary : The Market Mechanism As A Whole -- Work And Worth. The Meritocratic Myth ; The Hidden Mechanism Of Ceo Pay ; The Subterfuge Of Wall Street Pay ; The Declining Bargaining Power Of The Middle ; The Rise Of The Working Poor ; The Rise Of The Non-working Rich -- Coutervailing Power. Reprise ; The Threat To Capitalism ; The Decline Of Countervailing Power ; Restoring Countervailing Power ; Ending Upward Distribution ; Reinventing The Corporation ; When Robots Take Over ; The Citizen's Bequest ; New Rules. Robert B. Reich. Includes Bibliographical References And Index.