Pulitzer Prize-winning economics journalist Steven Pearlstein argues that our thirty year experiment in unfettered markets has undermined core values required to make capitalism and democracy work. This is a ticketed luncheon. For more information or to make your reservation, please call The Book Stall at 847-446-8880.
In Can American Capitalism Survive?, Pulitzer Prize-winning journalist Steven Pearlstein chronicles our descent and challenges the theories being taught in business schools and exercised in boardrooms around the country. We're missing a key tenet of Adam Smith's wealth of nations: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth.
"Americans have begun to lose faith in capitalism, and that has sapped our optimism and poisoned our politics. In this enlightening and important book, Steven Pearlstein explains how our economic system gradually has undermined our sense of community by glorifying greed rather than fairness. A respected economic journalist, Pearlstein offers sensible ideas for rescuing American capitalism by reconnecting it to our ideals of community, virtue, and responsibility." --Walter Isaacson
"Steve Pearlstein has written an important book. With equal measures of passion and intelligence, he argues that today's capitalism has gone astray, that the social contract between businesses and society is broken, and that we need to rethink its moral foundations. Business has a big role to play in ensuring that both our economy and our democracy work for all and not just for those at the top. The book is both authoritative and fun to read, a rare combination." --Isabel Sawhill, Brookings Institution
Steven Pearlstein is a Pulitzer prize-winning columnist for The Washington Post and the Robinson Professor of Public Affairs at George Mason University. He was awarded the Pulitzer Prize for Commentary in 2008 for columns anticipating and explaining the financial crisis and global economic downturn. In 2006 he won the Gerald R. Loeb Award for business and financial commentary, and five years later the Loeb Award for lifetime achievement. He has appeared frequently as a commentator on television and radio. He is the author of Can American Capitalism Survive? He lives in Washington with his wife, Wendy Gray.
"If anyone can save capitalism from the capitalists, it’s Steven Pearlstein. This lucid, brilliant book refuses to abandon capitalism to those who believe morality and justice irrelevant to an economic system." —Ezra Klein, founder and editor-at-large, Vox