Supercapitalism
Posted on September 22, 2007
Filed Under Highly Recommended |
Listen to the one-hour interview on Forum
(streamed from KQED)
This is a new book by Robert Reich that explains how widening inequalities of income and wealth, heightened job insecurity, and the spreading effects of global warming are the logical outcomes of supercapitalism.Supercapitalism calls for an end to the legal fiction that corporations are citizens, as well as the illusion that corporations can be “socially responsible” until laws define social needs. The author explains why we must stop treating companies as if they were people—and must therefore abolish the corporate income tax and levy it on shareholders instead, hold individuals rather than corporations guilty of criminal conduct, and not expect companies to be “patriotic.” For, as he says, only people can be citizens, and only citizens should be allowed to participate in democratic decision making.
It is one of the must-read books for activists and organizers who desire to reclaim the once vibrant progressive movement and the true democracy for which we all yearn so deeply.
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Good show, thanks for the post. Have you read Peter Barnes Capitalism 3.0? He argues for the idea of the commons as a way to curb what Reich would call supercapatalism. Its a quick read. You download a free copy at www.capitalism3.com.
Thanks Sis