Contents // INTRODUCTION xi // PARTI THE FREE MARKET // 1 The Prevailing View 3 // 2 The Five Building Blocks of Capitalism 8 // 3 Freedom and Power ? // 4 The New Property 16 // 5 The New Monopoly 29 // 6 The New Contracts 48 // 7 The New Bankruptcy 59 // 8 The Enforcement Mechanism 67 // 9 Summary: The Market Mechanism as a Whole 81 // partii WORK AND WORTH // 10 The Meritocratic Myth 89 // 11 The Hidden Mechanism of CEO Pay 97 // 12 The Subterfuge ofWall Street Pay 108 // x / Contents // 13 The Declining Bargaining Power of the Middle 115 // 14 The Rise of the Working Poor 133 // 15 The Rise of the Non-working Rich 143 // partiu COUNTERVAILING POWER // 16 Reprise 153 // 17 The Threat to Capitalism 158 // 18 The Decline of Countervailing Power 168 // 19 Restoring Countervailing Power 183 // 20 Ending Upward Pre-distributions 193 // 21 Reinventing the Corporation 196 // 22 When Robots Take Over 203 // 23 The Citizen’s Bequest 211 // 24 New Rules 218 // ACKNOWLEDGMENTS 221 NOTES 223 INDEX 265