Can American Capitalism Survive? by Steven Pearlstein audiobook

Can American Capitalism Survive?: Why Greed Is Not Good, Opportunity Is Not Equal, and Fairness Won't Make Us Poor

By Steven Pearlstein
Read by L. J. Ganser

6.90 Hours 09/25/2018 Unabridged
Format: Digital Download (In Stock)
  • $19.99
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    ISBN: 9781250301338

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Pulitzer Prize-winning economic journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work. Thirty years ago, “greed is good” and “maximizing shareholder value” became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free market capitalism has lifted more than a billion people from poverty, in the United States most of the benefits of economic growth have been captured by the richest 10%, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free market economy is the best system. In Can American Capitalism Survive?, Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We’re missing a key tenet of Adam Smith’s wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth. Pearlstein lays out bold steps we can take as a country: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. He provides a path forward that will create the shared prosperity that will sustain capitalism over the long term. Praise for Can American Capitalism Survive?: "In the Venn diagram of 'economics' and 'interesting,' Steven Pearlstein occupies the (tiny) overlapping area in the middle." — Malcolm Gladwell “Americans have begun to lose faith in capitalism, and that has sapped our optimism and poisoned our politics. In this enlightening and important book, Steven Pearlstein explains how our economic system gradually has undermined our sense of community by glorifying greed rather than fairness.” — Walter Isaacson

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Summary

Summary

Pulitzer Prize-winning economic journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work.

Thirty years ago, “greed is good” and “maximizing shareholder value” became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free market capitalism has lifted more than a billion people from poverty, in the United States most of the benefits of economic growth have been captured by the richest 10%, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free market economy is the best system.

In Can American Capitalism Survive?, Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We’re missing a key tenet of Adam Smith’s wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth.

Pearlstein lays out bold steps we can take as a country: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. He provides a path forward that will create the shared prosperity that will sustain capitalism over the long term.

Praise for Can American Capitalism Survive?:

"In the Venn diagram of 'economics' and 'interesting,' Steven Pearlstein occupies the (tiny) overlapping area in the middle." — Malcolm Gladwell

“Americans have begun to lose faith in capitalism, and that has sapped our optimism and poisoned our politics. In this enlightening and important book, Steven Pearlstein explains how our economic system gradually has undermined our sense of community by glorifying greed rather than fairness.” — Walter Isaacson

Reviews

Reviews

Author

Author Bio: Steven Pearlstein

Author Bio: Steven Pearlstein

Steven Pearlstein is a Pulitzer-prize winning columnist for The Washington Post and the Robinson Professor of Public Affairs at George Mason University. He was awarded the Pulitzer Prize for Commentary in 2008 for columns anticipating and explaining the financial crisis and global economic downturn. In 2006 he won the Gerald R. Loeb Award for business and financial commentary, and five years later the Loeb Award for lifetime achievement. He has appeared frequently as a commentator on television and radio. He lives in Washington with his wife.

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Details

Details

Available Formats : Digital Download
Category: Nonfiction/Business & Economics
Runtime: 6.90
Audience: Adult
Language: English