Summary of Robert B. Reich's Beyond Outrage
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#1 The game is rigged, and the grass roots of America know it. Increasingly, the rewards have gone to the top while the risks have been borne by middle- and lower-income people.
#2 The old view was that anyone could make it in America with enough guts and gumption. But now, according to a recent New York Times/CBS News poll, a majority of Americans believe the nation’s wealth should be more evenly distributed.
#3 The American economy is in trouble because so much income and wealth have been going to the top that the rest of us no longer have the purchasing power to keep it going.
#4 The higher you go in corporate America, the less relationship there is between risk and reward. executives whose pay is linked to the value of their company's shares protect their wallets by simultaneously betting on the prices of their company's shares dropping.
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Summary of Robert B. Reich's Beyond Outrage - IRB Media
Insights on Robert B. Reich's Beyond Outrage
Contents
Insights from Chapter 1
Insights from Chapter 2
Insights from Chapter 3
Insights from Chapter 1
#1
The game is rigged, and the grass roots of America know it. Increasingly, the rewards have gone to the top while the risks have been borne by middle- and lower-income people.
#2
The old view was that anyone could make it in America with enough guts and gumption. But now, according to a recent New York Times/CBS News poll, a majority of Americans believe the nation’s wealth should be more evenly distributed.
#3
The American economy is in trouble because so much income and wealth have been going to the top that the rest of us no longer have the purchasing power to keep it going.
#4
The higher