Review of Unchecked capitalism is killing us!
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Review of Unchecked capitalism is killing us!
Have you ever felt that the American dream is far from being realized? Ever wondered why America's economy has been worsening, to the extent nations like China, that were inferior economically (no offense meant) are nowadays brushing shoulders and competing with her? Unchecked Capitalism Is Killing Us! by Earl Rynerson will surprise you on who should be blamed.
According to Rynerson, America couldn't have been where it is if it were not for the government getting bribed by big corporations and bowing to their demands. After manipulating those in the government or those who potentially will be in the government (for example, presidential aspirants,) with lucrative offers or intimidation and threats, these corporations begin exploiting the loopholes present by evading taxes, harassing their workers and bypassing the existing laws governing their operations. In the long run, this has vast repercussions on America's economy.
It is the boldness of the author that stands out most in the book. Not so many authors will boldly state names of the culprits, especially if they are so powerful. Many fear intimidation, sabotage of their work by the authorities, or even being silenced and eliminated, and it has happened so many times. Most authors would rather use metaphors and figurative language, but not with Rynerson. He courageously names various politicians who have been bribed by companies to either make new laws or alter the existing laws to favor such companies.
He also mentions various companies that unfairly pay taxes not commensurate to what they earn, or who don't pay taxes. He also doesn't forget those who ignore laws on environmental conservation, employee rights, and operational ethics. Some of these companies, if the laws are too tight, opt to migrate operations to offshore branches in countries with lax laws.
In its entirety, the book is well written in an easily comprehensible language. It does not use too much jargon even though there are areas that would have been better with. The sentences are coherent and the chapters flow nicely from one to the next without disjointed bits or cliffhangers. I also laud the professional editing as I didn't notice any errors or typos. The book also had only one very minor profanity towards the end, and that is good for those who hate profanities.
However, I would have loved it if the author also touched on how America's government meddling with other countries' affairs has contributed to its woes. In its bid to pursue its interests (which, of course, are political and economic,) America loses so many funds, which, in the end, has a toll on its economy. A practical case is in Afghanistan. A war that has been fought for decades has only resulted in loss of innocent lives and insurmountable resources. However, this is more of a personal suggestion than a flaw.
I rate the book 4 out of 4. Even though the author ignored America's involvement in her woes by meddling with other countries' affairs (and, yes, it isn't a flaw, just as I have earlier mentioned,) the author has a unique boldness in mentioning names without fear. The book's flow was flawless, and it is easy to follow and understand. Otherwise, I didn't find a valid reason to give it a lower rating.
The book is perfect for those who are interested in knowing the dirty dealings the government has with corporations, and how that eventually affects you as an individual. And, I think it isn't restricted to Americans only since any other person has a thing or two to learn.
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Unchecked capitalism is killing us!
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- John Owen
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