Nobody downloaded yet

Economic Policy Supercapitalism - Book Report/Review Example

Comments (0) Cite this document
Your Name PSC 405: Economic Policy Supercapitalism assignment 10/20/11 1. Explain how the U.S. economy functioned in the Not Quite Golden Age as well as who the winners and losers were in this period. The U.S. economy provided more jobs than it had ever provided in the past and much of the wealth gained by mass production ended up in the pockets of the middle class, including small business owners and entrepreneurs…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
Economic Policy Supercapitalism
Read TextPreview

Extract of sample
"Economic Policy Supercapitalism"

Download file to see previous pages During this period, the U.S. was just coming out of the Great Depression with the result that there was too much supply left from the explosion of mass production in the previous decades. This is the period where the country rested from the bubble of production that had come in the past half century. However, this led the country to become complacent, with its middle class representing drones and conformists and very little innovation. The people who thrived at this time were those who had jumped into the factory worker life and all those who were in a relationship with those industries. Everyone else was left by the wayside to fend for themselves. 2. Explain what caused the NQGA to end, and how the U.S. economy came to function in the age of Supercapitalism, including discussion of the winners and losers in this period. During this period, the period of complacency was over and movement and the need to grow and progress again became the main goal. The emergence of profit seekers and innovators created a more competitive market than the U.S. had ever seen. This led to more political involvement to push the economy to support Capitalism. The gap began to grow between the middle class and the industry tycoons, and the government began to support the growth of business giants, giving them an upper hand in business. It seems that in this period the winners were the major business leaders and innovators, who pushed their business to new levels of creativity. However, Reich would argue against those who would say that the losers in this case were the middle class. The evidence that he would use is that the middle class is not actually getting any poorer, so they are not technically losing anything. The fact that rich are getting even richer is irrelevant to the middle class, who could also improve their station with innovation and creativity just like the upper class. It’s not about equality in this period, it’s about productivity and increasing economy, and Reich would argue that this period achieved that. 3. Explain why Reich favors public financing of campaigns and regulatory ‘truces’. What are the main problems with these policy proposals. Reich favors public financing of campaigns because it gives the power back to the public in a political sense. If the public controls the politicians, then in effect democracy will be preserved because those who are in office are representative of the needs of the public rather than the needs of organizations with large pocketbook and major agendas. However, public financing still does not guarantee that the public has a say in who is supported, it only means that the public pays the bills. In other words, even if the public were required to provide the funds for political campaigns, there is still a process in place that supports particular candidates and does not guarantee the best interests of the public will be served. The problem remains of how to enact and implement a policy of this type. Reich also thinks that regulatory ‘truces’ that requested that big businesses funnel less money into political campaigns would even out the political process and give the general population a larger voice in politics. The problem ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economic Policy Supercapitalism Book Report/Review”, n.d.)
Economic Policy Supercapitalism Book Report/Review. Retrieved from https://studentshare.org/history/1433330-using-no-references-other-than-supercapitalism-the
(Economic Policy Supercapitalism Book Report/Review)
Economic Policy Supercapitalism Book Report/Review. https://studentshare.org/history/1433330-using-no-references-other-than-supercapitalism-the.
“Economic Policy Supercapitalism Book Report/Review”, n.d. https://studentshare.org/history/1433330-using-no-references-other-than-supercapitalism-the.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Economic Development
"The two-tier model on one hand highlights the situation when labour from the traditional agricultural sector migrates towards the modern capitalist sector attracted by the higher wages but they are followed by competition in which the profits accruing in the modern sector provide the growing volume of savings which finances the formation of capital for expansion".
7 Pages(1750 words)Book Report/Review
Economic analysis
This has been the main concern for every government across the globe. However, the biggest unanswerable question is who is to blame for the negative economic growth in most countries in the world today. This question remains unanswered as people gamble to solve the problem of negative economic growth currently experienced in most countries.
10 Pages(2500 words)Book Report/Review
Economic Geography
The United Nations Development Programme (UNDP) defines poverty as the state of being deprived of the essentials of well-being such as adequate housing , food, sufficient income, employment, access to required social services and social status. Economic geography is the discipline that studies the effect of a nation's geography in its economic development.
4 Pages(1000 words)Book Report/Review
Current economic issues
It is invaluable in its in-depth analysis of the global economics of today; this from the micro-economy to the macro-economy of the USA in relation to the global arena. Its forty six
11 Pages(2750 words)Book Report/Review
Chapter 9 Economic policy
The book shades light on the ongoing debate between democracy and capitalism (Katznelson, Kesselman, and Draper 2010). The main theme in the chapter includes The issue of access to
2 Pages(500 words)Book Report/Review
Economic Development
houghts in the economic development policies as a relationship with liberty of individuals in political and civilian choices while citing examples from various Asian countries. Sen’s work on “Development as Freedom” can only be seen as the encyclopedia of chronological
2 Pages(500 words)Book Report/Review
On the other hand, American business persons believed that trading by different communities is critical to high economical returns.
1 Pages(250 words)Book Report/Review
Monetary policy can have a big impact on commodity markets, but the exact nature of the price movement depends on the direction of the change in monetary policy and the raw material in question. New research from the Federal
3 Pages(750 words)Book Report/Review
Economic history
In the article, Crafts undertakes a contemporary assessment and evaluation of the industrial revolution. Armed with economic theories and models, Crafts tries to explain the industrial revolution. Exogenous and endogenous insights into the
3 Pages(750 words)Book Report/Review
Becker's Economic Theory
(Becker 1965). Becker (1976) presented the three foundational assumptions of the economic approach as "maximizing behavior, market equilibrium, and stable preferences" (p. 5). In the preface to his work, A Treatise on the Family, Becker wrote: "The economic approach .
8 Pages(2000 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Book Report/Review on topic Economic Policy Supercapitalism for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us