Marketplace: Too much of a good thing?

Tuesday, September 11, 2007

Too much of a good thing?

For many Americans, capitalism equals democracy. But in his new book former Labor Secretary Robert Reich questions the appropriateness of that equation. He talked with Kai Ryssdal.

Supercapitalism book cover (Amazon)

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"Will makes a great argument. The hostile reception, as indicated by the comments, should be unsurprising. If people actually understood how much immigration has historically benefited us then we wouldn't have the type of protectionist immigration laws we have. If the borders were opened one might see a drop in wages, but considering there would be a correlative drop in prices, it's doubtful there would be an overall harm and most likely considerable benefit..."

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