|American Capitalism: Does Britain Really Want To Go There?
Editors Introduction Robert Reich became the US Secretary of Labour under President Bill Clinton in 1993. In this lecture given at the London School of Economics and Political Science, Reich recounts how he realised that he was working a 16-17 hour day on the job, which meant that he actually saw very little of his family. After Clinton secured his second term in office, Reich decided to leave his position in the Cabinet and made a public announcement to that effect. His statement provoked a deluge of letters and emails from people throughout the US, variously commending and condemning the action.
In the wake of this response, Reich considers
the successes and failures of American capitalism and US labour markets,
and the effect, both qualitative and quantitative on the people who
make it function.