A brief and well written left-wing jeremiad about what's wrong with the American economy and what should be done to fix it. I admit, I like Robert Reich and I always have. He is a smart, funny, passionate man who--so far as I can tell--is a happy Progressive warrior. It's hard to disagree with much of what he says is ailing us: too much money at the top, too much money in Washington, too much bitterness and cynicism and scorched earth politics in America. The good professor does a bang-up job describing (from his point of view) the history of the last thirty years or so, which is when most Progressives think history began. Professor Reich excoriates Wall Street, the Republican Party, Newt Gingrich, Ronald Reagan, credit default swaps, the end of Glass-Stegal, and the Tea Party. None of this came as a surprise, and I found the author's embedded videos to be very helpful and fun for illustrating his main points. If you are interested in reading about how our economy got to be the way it is, beginning in about 1982, this is the book for you. Mr. Reich writes clearly and well...again, from his point of view.
Like many good liberals, though, he left just a few things out of his analysis. The 1970s, for example, don't make much of an appearance. Nor do the 1960s. We skip from Roosevelt to Reagan (with a brief tap dance on Ike's high top marginal tax rates) as though nothing really at all happened in between. For Professor Reich, everything that's wrong with America can be squarely blamed on too little regulation, not enough taxes, and far too few government programs (federal ones, of course. States? Really? Who needs those?) I wonder, when looking at falling family incomes, if Mr. Reich has factored in divorce, or single parent households? When he bemoans middle class debt, does he consider how much of that debt is on non-essential consumer goods? According to NPR, nearly 30% of all Medicare spending in the state of Florida is fraudulent. Nothing to see there, Rob? Not everything that's gone wrong in America is because of tax policies and Grover Norquist. Not everyone is a victim of the globalized economy, and considering that it was HIS boss who ushered in the Age of Globalization (that would be one William Jefferson Clinton), you'd think the good professor would have a bit more to say about the mote in his own party's eye.
Not so much.
This book was written in 2011, when the comical Occupy Wall Street rodeo was in town, so it's interesting to read about the author's hopes for the movement (all of which were horribly dashed by the human mic check and the leaderless structure. "What do we want? WE DON'T Know! When do we want it? NOW!")
My disagreement with Professor Reich isn't so much with his prognosis of what the disease is, but with his remedy. More centralized bureaucracy, more federal programs, more regulation and control--not just on Wall Street, where I agree that it's necessary--but on Main St.--is the exact wrong direction for us to go in. We are either going to get really, really big like the Western Europeans, or we are going to get really, really small like we used to be. I prefer the later, but I have great respect for those who, like Professor Reich, argue for the former. I hate the plutocracy that we've allowed to develop in this country, as I hate corporate lobbyists, billionaires who buy elections and meddle in our civic institutions, and the useless, day to day grind of political warfare and stalemate that so defines our nation in 2013. For me, though, I think the answer comes less from Washington and more from us (and: I'm sorry, President Obama, but Washington isn 't us anymore. It's you guys and a lot of frigging money). Renewal and change need to come from our state and local civic institutions, from our voluntary associations, from our families and friends, and from our communities. Not from Washington. Not from the federal government. From We the People, where it's always supposed to come from. Democracy and freedom are hard. They take time and effort and attention. We have all be guilty of putting American on auto-pilot for far too long. Time to tune back in, kids.
As I read this book, I was put in mind of (soon to be President) Hillary Clinton's It Takes a Village, which I read many years ago. She, too, was masterful at describing the problems we faced with regard to children and families, And, she too had one answer over and over again as a solution: more federal government.
No thanks.