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The Future of Success Hardcover – January 9, 2001

4.1 4.1 out of 5 stars 42 ratings

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From Robert B. Reich-political economist, distinguished public servant, and author of The Work of Nations, Locked in the Cabinet, and other acclaimed and best-selling books-a brilliant analysis of the new economy and how it is affecting our lives, for better and for worse.

The dizzying exuberance of the Internet-driven marketplace offers unprecedented opportunities and an ever-expanding choice of deals, products, investments, and jobs-ranging from the merely attractive to the nearly irresistible-for the people with the right talents and skills. The technology that is the motor of this transformation relentlessly sharpens competition. When consumers can shift allegiance with the click of a mouse, sellers must make constant improvements by cutting costs, adding value, and creating new products. This is a boon to us as consumers, but it's wreaking havoc in the rest of our lives.
Reich demonstrates that the faster the economy changes-with new innovations and opportunities engendering faster switches by customers and inves-tors in response-the harder it is for people to be confident of what they will be earning next year or even next month, what they will be doing, where they will be doing it. In short, those fabulous new deals of the fabulous new economy carry a steep price: more frenzied lives, less security, more economic and social stratification, the loss of time and energy for family, friendship, community, and self.

With the clarity and insight that are his hallmarks, and using examples from everyday life, Reich delineates what success is coming to mean in our time-the pitfalls and downturns hidden in the apparent advantages and advances-and suggests how we might create a more balanced society and more satisfying lives. The trends he discusses are powerful indeed, but they are not irreversible, or at least not unalterable.

The Future of Success is a stunning, timely book, certain to galvanize the nation's attention and transform the way we look at our future.
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Editorial Reviews

From Publishers Weekly

From his dual perspective as former Clinton administration secretary of labor and academic social scientist, Reich (bestselling author of Locked in the Cabinet) offers a knowledgeable overview of the pros and cons of today's economy for the average worker. New ways of doing business spurred by digital technology, he states, have led to "eye-popping deals and bargains, opportunities never dreamed ofAexactly what you want, from anywhere, at the best price and value" for consumers. At the same time, the ease with which potential buyers can switch to any better new deal puts all producers under intense competitive pressure. Reich argues that the choice between innovation or death that producers now face has filtered down to workers in the form of reduced loyalty from employers and sharply curtailed retirement and fringe benefits. Those who suspect that they are working harder over longer hours will find confirmation here that they are in good company, as well as a keen analysis of the impact of our new working arrangements on marriages, children and how we enjoy our lives. Then Reich pops the $1 million question: Would we willingly accede to the new demands of the workplace if we fully appreciated the consequences for our family lives? Sensing a growing dissatisfaction across the nation, Reich offers tantalizing proposals for moderating the more disruptive influences that have arrived along with the blessings of the emerging economy. (Jan. 15) Forecast: Reich's personal, engaging approach to the hot button topic of worker burnout in the new economy, combined with his high visibility in the traditional media, should raise the profile of this title, which has an announced 100,000-copy first printing, as well as a simultaneous audiobook release from Random.
Copyright 2000 Reed Business Information, Inc.

From Library Journal

The former secretary of labor, author of best sellers like The Work of Nations, analyzes the benefits and stresses of the new Internet-driven economy.
Copyright 2000 Reed Business Information, Inc.

Product details

  • Publisher ‏ : ‎ Knopf (January 9, 2001)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 304 pages
  • ISBN-10 ‏ : ‎ 0375411127
  • ISBN-13 ‏ : ‎ 978-0375411120
  • Item Weight ‏ : ‎ 1.35 pounds
  • Dimensions ‏ : ‎ 6.5 x 1 x 9.5 inches
  • Customer Reviews:
    4.1 4.1 out of 5 stars 42 ratings

About the author

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Robert B. Reich
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Robert is the Chancellor’s Professor of Public Policy at the University of California, Berkeley, and Senior Fellow at the Blum Center for Developing Economies. He has served in three national administrations, including as Secretary of Labor in the Clinton administration. Time Magazine named Robert one of the ten most effective cabinet secretaries of the twentieth century.

Robert is also the co-founder of Inequality Media, a nonpartisan digital media company dedicated to informing and engaging the public about inequality and imbalance of power.

Robert has written 18 books, including the best sellers Aftershock, The Common Good, and Saving Capitalism. His articles have appeared in The New York Times, The Washington Post, The Wall Street Journal, The New Yorker, and The Atlantic. Robert is also a founding editor of the American Prospect magazine and Chairman of Common Cause.

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Customers find the book insightful and enlightening. They appreciate the balanced analysis and well-documented positions on the new economy. The author explains economic and social forces clearly and succinctly.

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4 customers mention "Reading quality"4 positive0 negative

Customers find the book enlightening and interesting. It provides good observations and analyses of economic changes, with some good advice.

"...This is the most enlightening book I've read in years...." Read more

"...I feel he is a great writer and writes concisely and very directly. He is not at all secretive like Wilsons writings...." Read more

"...book an excellent description of current economic changes plus some good advice for keeping some of these excesses under control by the government" Read more

"Great observatons overall, but marred by very bad solutions..." Read more

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Customers find the book provides a balanced and well-documented look at the issues. They appreciate Reich's clear explanation of the economic and social forces that influence our lives.

"In this book, Robert Reich explains clearly and succinctly the economic and social forces which influence our increasingly frenzied society...." Read more

"...Aside from the last chapter, he provided a very balanced look at the issues...." Read more

"...Well documented and reasonably argued positions on why the "new economy" is going in the direction it is provides insights into the..." Read more

Top reviews from the United States

  • Reviewed in the United States on March 27, 2001
    In this book, Robert Reich explains clearly and succinctly the economic and social forces which influence our increasingly frenzied society.
    People are working more hours than ever before, not only when they need the money, but especially when the work is particularly well paid. Loyalty is a scarce commodity, not only from employees, but also from employers, customers, and investors.
    This book does an enormous service by helping us see the mechanisms underlying the great trends in our social fabric over the past couple of decades. Only by understanding the underlying mechanisms can we hope to play a part in controlling their motions. This book provides that understanding.
    The final chapter addresses ways that the trends can be changed. Unfortunately this chapter seems lame in relation to the rest of the book. The suggestions do not seem practical or even possible to implement given the enormity of the problem outlined in the rest of the book. Yet the clarity with which the current situation is laid out is so valuable, the author can be forgiven if he can't provide -all- the answers.
    This is the most enlightening book I've read in years. If you want to understand where America stands at the breaking of the millenium, the concepts in this book are a required curriculum.
    5 people found this helpful
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  • Reviewed in the United States on January 10, 2001
    This book clearly deserves more than 5 stars. It is Professor Robert Reich's best book, and the first to go beyond Professor Peter Drucker's thinking about the future of "knowledge" work. It is well written, and designed to stir a debate and self-examination . . . rather than answer all of the questions in an opinionated way. Nicely done!
    In sharing an epiphany that he had, Professor Reich describes the trap of success that he ran into as Secretary of Labor for President Clinton. "My problem was that I loved my job and couldn't get enough of it." Sounds okay so far, doesn't it? Well, read on. " . . . [A]ll other parts of my life shriveled into a dried raisin." He quit after calling to tell his children that he would not be home before bedtime for the sixth night in a row, and he son begged him to wake the son during the night simply for the comfort of knowing his father was in the house. As a result of having had that experience and happily changing his life balance, "I am writing here about making a living and making a life . . . [and it's] geting harder to do both."
    The book is an excellent summation of the reasons why the most successful people typically work the longest hours and the most intensely. Trends suggest that this imbalance is likely to get worse.
    Basically, the current economy puts a huge premium on finding new, creative solutions whether as a technologist, designer of new business models, new product conceptualizer, or marketer. Most people cannot synthesize all of those roles into one person -- the perfect entrepreneur. Those who can are even more valuable. The digital society vastly increases the rewards for these innovations by making them available to more people faster. Much of this new work is "creative" rather than "knowledge" work. I think that distinction is a useful one that should be retained in examining the subject.
    Some of the consequences of this situation are that personal lives are disappearing under the waves of career. Loyalty to anything but the current assignment is modest. Family life is shriveling. Naturally, that may be what you want. Or is it?
    The book culminates in suggesting that each person more consciously consider the personal choices of how to allocate time. In addition, there is a choice that society must make about how hard to pursue economic opportunity versus creating a more balanced connection among people. The ultimate strivers tend to hang out and live with each other, and have less and less contact with those who are not the top performers. It is a new form of elitism that can undermine many of our social mores. He suggests that we think about this choice in both economic and moral terms.
    In both cases he finds, "It's a question of a balanced society."
    My own experience is that it's good to step back from concentration, even if your goal is only to achieve economically. That seems to give your subconscious time to come up with better solutions.
    I also suspect that many people end up overcommitted to work because they do not have the skill to insulate themselves from work. That isn't taught anywhere. You have to learn it on your own. Unfortunately, many people have to crash and burn first . . . sometimes taking their families with them. That's the hard way. I'm sure we can find easier ways. With people living longer, it's even less reasonable to expect that everyone will want to or be able to keep up these enormous paces for many years. The most intense field (like investment banking) have always been mostly handled by the young. But what do you do for an encore?
    However you decide what balance should mean for you, I do hope you will consider the question. You and those you love will be much better served by your conscious decisions as a result.
    May you enjoy a wonderful balance of health, happiness, peace, and prosperity!
    88 people found this helpful
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  • Reviewed in the United States on November 3, 2005
    I have to give Reich a lot of credit. Aside from the last chapter, he provided a very balanced look at the issues. His suggestions about cause and effect seemed reasonable and well thought out.

    For anyone working in the corporate, white collar world, it was easy to see that the conditions he describe make a lot of sense and apply to most of middle class America for sure - likely extending across the economic spectrum. Everyone is running to keep up. The pressure keeps intensifying. Technology gives us ever more choices, continuing to crank up the competitive pressure. The whole process continues to feed on itself and accelerate -- and there is no end in sight. The result is an ecomomic treadmill that is ever-harder to keep up with. As we pursue this treadmill, how many of us bother (or can afford) to take a hard look at what this treadmill means to our lives, and how we should attempt to make trade-offs to cope with it?

    So as Reich headed into the final chapter, I expected some balanced, imaginative ideas/solutions, if he felt some should be offered. I was really disappointed. Virtually ALL his solutions were straight from the far left of the political spectrum, comprising (more) massive wealth resdistribution programs, with no real evidence that it will make any meaningful long term difference in the issues he proposes to deal with. I expcted that some (perhaps even half) of these would contain elements of his left wing political leanings, but this was really just blatant. The whole sense of balance, perspective, and careful thought put into the whole book up to this point were just gone.

    The most glaring example of this was the proposal to just GIVE sixty thousand bucks to everyone in America as they turn 18, with no strings attached. The reasoning was to let young people start businesses, etc. and have a "fair" chance to be productive. Fabulous intent. However, in the real world most 18 year olds (by far) have far more hormones than reasoned judgement borne of meaningful experience, or a real clue of who they really are and what they want. Sadly, far too much of this well intended money would be blown on pleasure items and do nothing more than add to the debt and lack of inventive issues we already face (Reich wants to pay for this with a new "wealth tax" - simply confiscate some percentage of wealthy folks' total net worth. Karl Marx would love it).

    If this is the best that Mr. Reich's insights can offer as far as solutions, it would be far better if he just explained the state of our economic condition and left the recommendations to others.
    9 people found this helpful
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