Robert B. Reich

The Common Good by Robert B. Reich: A Condensed Summary

The Common Good by Robert B. Reich is a thought-provoking book that delves into the idea of the common good and how it has been overshadowed in modern society. Reich, a prominent political economist, argues that the common good, which refers to shared values and interests that benefit everyone, is essential for a thriving democracy.

The Common Good focuses on the erosion of the common good and explores the factors contributing to this decline. Reich highlights the growing influence of big money in politics, the rise of individualism, and the shrinking of institutions that once championed the common good.

Main Arguments and Key Insights:

1. The Triumph of Self-Interest:

Reich argues that over the past few decades, a pervasive belief in self-interest has dominated public discourse and policy decisions. This belief promotes the idea that individuals acting in their own self-interest will ultimately benefit society as a whole. However, Reich challenges this notion, asserting that the prioritization of individual gain has led to greater income inequality and a diminished sense of the common good.

2. The Influence of Big Money:

The author explores the significant role of money in politics and its impact on the common good. Reich highlights how the concentration of wealth has allowed the wealthy to exert disproportionate influence over public policy, leading to policies that primarily serve their interests rather than the broader population. He presents evidence of campaign financing, lobbying, and corporate donations to support his argument.

3. The Decline of Institutions:

Reich examines the weakening of institutions that were once dedicated to promoting the common good, such as labor unions, civic organizations, and community institutions. He suggests that the decline of these organizations has eroded social cohesion and allowed individualism to flourish, further undermining the common good.

Notable Examples and Supporting Details:

1. Citizens United Decision:

Reich cites the Supreme Court's Citizens United decision, which allowed unlimited corporate campaign spending, as a significant catalyst for the influence of big money in politics. He argues that this decision has further tilted the balance of power towards wealthy individuals and corporations, undermining the common good.

2. Decline of Unions:

The author presents evidence of the decline of labor unions, once powerful advocates for workers' rights and the common good. Reich suggests that the weakening of unions has contributed to growing income inequality and a diminishing sense of solidarity among workers.

3. Rise of Individualism:

Reich explores how the promotion of individualism has become ingrained in our society, influencing public policies and stalling collective action. He emphasizes the need to shift towards a shared vision of the common good to address pressing social and economic challenges.

Conclusion:

The Common Good by Robert B. Reich provides a compelling analysis of the importance of prioritizing the common good in society. Through his arguments and examples, Reich highlights the negative consequences of prioritizing self-interest and the influence of big money in politics. He calls for a revival of institutions and a collective effort to reclaim the common good for the betterment of all.

This book serves as a valuable resource for those interested in understanding the impact of individualism and the erosion of the common good. Readers will gain insights into the complexities of contemporary politics and society, prompting critical thinking about the values that underpin a thriving democracy. For those wanting to dive deeper into the topic, further readings such as The Spirit Level by Richard Wilkinson and Kate Pickett or Capital in the Twenty-First Century by Thomas Piketty offer complementary perspectives on income inequality and its impact on society.