Moral Capitalism: Why Fairness Won't Make Us Poor

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Synopsis
The Pulitzer Prize–winning economics journalist explains how America’s capitalist system is broken and how it can be repaired.With a new introduction by the authorThirty years ago, “greed is good” and “maximizing shareholder value” became the new mantras woven into the fabric of our economy, politics, and business culture. Free market capitalism has lifted more than a billion people from poverty around the world. But in the United States, most of its benefits have been captured by the richest ten percent, and it has provided justification for squeezing workers, cheating customers, avoiding taxes, and leaving communities in the lurch. As a result, Americans are losing faith in the free market—and the democratic institutions that support it.In Moral Capitalism, Pulitzer Prize–winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms nationwide. Missing from our current model are vital elements recognized long ago by Adam Smith and Charles Darwin—the mutual trust and cooperation necessary for capitalism to survive and thrive. Pearlstein shows how rising inequality of incomes and opportunity have eroded that social capital, and how restoring fairness need not come at the expense of economic growth. He concludes with bold steps to create a shared prosperity and revive our faith in American capitalism.Previously published as Can American Capitalism Survive?Praise for Moral Capitalism“If anyone can save capitalism from the capitalists, it’s Steven Pearlstein. This lucid, brilliant book refuses to abandon capitalism to those who believe morality and justice irrelevant to an economic system.” —Ezra Klein, founder and editor-at-large, Vox“This book delivers a trenchant critique of the ravages of inequality and a passionate cry for greater balance. [A] powerful, idealistic book.” —The Washington Post
Copyright:
2018

Book Details

Book Quality:
Publisher Quality
Book Size:
224 Pages
ISBN-13:
9781250185990
Related ISBNs:
9781250185983
Publisher:
ST. MARTIN'S PUBLISHING GROUP
Date of Addition:
Copyrighted By:
Steven Pearlstein
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
History, Nonfiction, Business and Finance, Social Studies, Politics and Government
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.

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