Supercapitalism: The Transformation of Business, Democracy, and Everyday Life

Since the 1970s, and notwithstanding three recessions, the U.S. economy has soared. Consumers have been treated to a vast array of new products, while the prices of standard goods and services have declined. Companies have also become far more efficient and the stock market has surged. In short, American capitalism has been a triumph, and it has spread throughout the world.



At the same time, argues former secretary of labor Robert B. Reich, the effectiveness of democracy in America has decli...