Is Capitalism Always Good for Democracy? - Robert Reich

Complete video at: http://fora.tv/fora/showthread.php?t=1587

Former U.S. Secretary of Labor Robert Reich argues that certain aspects of capitalism are often at odds with the best interests of democracy.

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Robert Reich discusses "Supercapitalism: The Transformation of Business, Democracy, and Everyday Life."

In his newest book, "Supercapitalism," Reich explores the clash between capitalism and democracy. Our economy has become more efficient than ever, with turbocharged, web-based global capitalism morphing into supercapitalism. While supercapitalism is working well to enlarge the economic pie, democracy - charged with caring for all its citizens - is becoming less and less effective under its influence. He makes clear how the tools traditionally used to temper America's societal problems have withered as supercapitalism has burgeoned, and sets out a clear course that can lead the nation to a vibrant capitalism and a concurrent, equally vibrant democracy - Cody's@FCCB

Robert B. Reich is Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written eleven books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet, and his most recent book, Supercapitalism. His articles have appeared in the New Yorker, Atlantic Monthly, New York Times, Washington Post, and Wall Street Journal. Mr. Reich is co-founding editor of The American Prospect magazine. His weekly commentaries on public radio's "Marketplace" are heard by nearly five million people.

As the nation's 22nd Secretary of Labor, Reich implemented the Family and Medical Leave Act, led a national fight against sweatshops in the U.S. and illegal child labor around the world, headed the administration's successful effort to raise the minimum wage, secured worker's pensions, and launched job-training programs, one-stop career centers, and school-to-work initiatives. Under his leadership, the Department of Labor won more than 30 awards for innovation. A 1996 poll of cabinet experts conducted by the Hearst newspapers rated him the most effective cabinet secretary during the Clinton administration.

Reich has been a member of the faculties of Harvard's John F. Kennedy School of Government and of Brandeis University. He received his B.A. from Dartmouth College, his M.A. from Oxford University, where he was a Rhodes Scholar, and his J.D. from Yale Law School.

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[wobinga7]

when will people get it the United States is a Republic not a Democracy and yes you morons there is a difference between the two

[Salvysahagun]

Capitalism and a Democratic Republic are a necessity. Neither can exist with out the other

[ToxinalX]

@booley You should consider the fact that I studied democratic socialism in detail, and fully supported it. Then I studied liberalism and classical liberalism for one year, I started studying capitalism and geopolitical history and have been doing so for about 2 1/2 years.

It is much more simmilar to a bloodtransfusion.

Imagine a badly hurt motorcyklist (anyone really) lying in a bed at the hospital.

He has lost o lot of blood, but the doctor KNOWS that leeches will suck out the bad blood ! ;)

[ToxinalX]

@booley "if the problem is the excesses of unrestrained capitalism, why would we vote for a guy who wants super capitalism on steroids?!"

The reason you believe all of that is because you've never STUDIED true *free market* capitalism in *detail* and THEN made up your own mind about it.

Do not let the media dictate your knowledge on Ron Paul; The only thing that he would do on his own would be to quit this colonial type offensive war and replace it with a deffence.

[booley]

@ToxinalX Well I will admit " Ron Paul" and not activating one's brain do go hand in hand.

Seriously, did YOU think about what you were saying before you posted?

if the problem is the excesses of unrestrained capitalism, why would we vote for a guy who wants super capitalism on steroids?!

It's like pushing cigarettes in a cancer ward.

[ToxinalX]

@thesparitan Oh, did I give you something that you can hate on without even having to actually activate that silly little thing you call "brain" ? You're welcome !

[thesparitan]

@ToxinalX Fuck Ron Paul

[ToxinalX]

ronpaul2012(dot)com

Dontate NOW.

[REASONINFUSION]

@qwertypoiu4321 Workers get paid what the employer believes the labor is worth. Cut the bullshit. The freezing of wages and the low raises are now common place because the worker has little choice to accept it. He is " compelled" to work for an unfair wage or starve. Do not tell me that companies pay more in taxes than they take in in revenue!!!! you know better than that. tell that crazy nonsense to someone who does not know the evils of capitalism and it's blood sucking method of operation.

[qwertypoiu4321]

@REASONINFUSION Companies--like, say, SunPower--are forced to move to other countries because the US coercively forces businesses to pay more than the marginal revenue product of the workers, coercively making them pay out more than is being produced. Marginal Revenue Product is your ability to supply human demand, which is what sets a workers' profit. LTV ET is fallacious since it is based off of and dependent of the unicorn LTV; workers get paid their marginal revenue product, nothing else.