Former labor secretary Robert Reich has a relatively new book out called Supercapitalism. Reich describes supercapitalism as global capitalism that is:
"turbocharged, Web-based, and able to find and make almost anything just about anywhere"
One of his key points is that we as consumers and investors have gained power, while we as citizens have lost power. My favorite quote from the book:
"The last several decades have involved a shift of power away from us in our capacities as citizens and toward us as consumers and investors."
The book does a great job of describing how this has happened - and I agree this has happened. I'm less on board with Reich when it comes to his ideas about what to do about this. Basically Reich suggests more governement regulation of business. But whether you agree or disagree with Reich, the book is well worth reading.
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