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010 $a2018026432
019 $a1052796604
020 $a9781250185983 (hbk.) :$cNT$980
024 8 $a40028528158
040 $aTWTNM$beng$dTWTNM
050 00$aHB501$b.P3823 2018
082 04$a330.973$222
100 1 $aPearlstein, Steven.
245 10$aCan American capitalism survive? :$bwhy greed is not good, opportunity is not equal, and fairness won't make us poor /$cSteven Pearlstein.
250 $aFirst Edition.
260 $aNew York, N.Y. :$bSt. Martin's Press,$c[2018].
300 $a244 p. :$bill. ;$c22 cm.
500 $aSeptember 2018--Title page verso.
504 $aIncludes bibliographical references (pages 211-235) and index.
505 0 $aIntroduction -- Is greed good? -- Not-so-just deserts -- Is equality of opportunity possible or even desirable? -- Fairness and growth : a false choice -- A better capitalism.
520 $aPulitzer Prize-winning economics journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work. Thirty years ago, 'greed is good' and 'maximizing shareholder value' became the new mantras woven into the fabric of our business culture, economy, and politics. Although, around the world, free market capitalism has lifted more than a billion people from poverty, in the United States most of the benefits of economic growth have been captured by the richest 10%, along with providing justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith that a free market economy is the best system. In Can American Capitalism Survive', Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth. Pearlstein lays out bold steps we can take as a country: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. He provides a path forward that will create the shared prosperity that will sustain capitalism over the long term.
650 0$aCapitalism$zUnited States$xHistory$y21st century.
650 0$aEquality$zUnited States$xHistory$y21st century.
651 0$aUnited States$xSocial policy$y21st century.