Thursday, August 7, 2008Supercapitalism
How many of us decry the business practices implemented by Walmart and other big box stores - saying we want the minimum wage to be higher and for companies to provide better benefits to their employees - then shop there anyway because it's cheap? Maybe we complain when prices go up, not thinking it may be because being a more ethical company costs more money, which is passed on to the shopper. This disconnect between being a savvy consumer and being a good citizen is at the heart of former Secretary of Labor Robert Reich's book, "Supercapitalism: The Transformation of Business, Democracy, and Everyday Life." This Thursday we'll look back at our conversation with him about the book and the relationship between capitalism and democracy. Today's show is from our archives, so we're unable to take calls this hour.
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