What is transpiring today, Robert Reich argues in Saving Capitalism, is that big monopolies support policies that help them compete against smaller businesses by rewriting property bankruptcy and contract laws that favor big business over small. Under recently revised bankruptcy laws, the billionaire Donald Trump can freely declare bankruptcy while insulating himself from risks to investment, while smaller businesses cannot. The choice is not, Reich argues, between a governed and an ungoverned market, but between a market governed by laws favoring monopolistic companies and one governed by
...more
