Saturday, September 22, 2007

Supercapitalism by Robert Reich Knopf. 272 pp.&25

Washington Post,Book World,Sept.16,2007: The Transformation of Business, Democracy, and Everyday Life. Do Capitalism and democracy go hand in hand? "Not always" as per former Labor Secretary Robert Reich. Reich argues that democracy has weakened. Inequalities have ballooned, and traditional means of keeping them in check have eroded. As citizens, we are losing ground, and the reason is that supercapitalism has spilled over into politics as hard pressed firms seek favors from government. "Political economy" as I cited in "Keys for Economic Understanding" (1971) www.ask.com for reference. Moreover,we can witness such happenings from empirical evidence as well. Francis Shieh aka Xie Shihao on September 22, 2007

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