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The Servant Economy: Where America's Elite Is Sending the Middle Class de David Faber

The Servant Economy: Where America's Elite Is Sending the Middle Class

Autor David Faber, Jeff Faux, Geoffrey P. Faux
en Limba Engleză Hardback – 28 iun 2012
Renowned economist Jeff Faux explains why neither party′s leaders have a plan to remedy America′s unemployment, inequality, or long economic slide America′s political and economic elite spent so long making such terrible decisions that they caused the collapse of 2008. So how can they continue down the same road? The simple answer, that no in charge one wants to publicly acknowledge: because things are still pretty great for the people who run America. It was an accident of history, Jeff Faux explains, that after World War II the U.S. could afford a prosperous middle class, a dominant military, and a booming economic elite at the same time. For the past three decades, all three have been competing, with the middle class always losing. Soon the military will decline as well.
  • The most plausible projections Faux explores foresee a future economy nearly devoid of production and exports, with the most profitable industries existing to solely to serve the wealthiest 1%
  • The author′s last book, The Global Class War, sold over 20,000 copies by correctly predicting the permanent decline of our debt–burdened middle class at the hands of our off–shoring executives, out of control financiers, and their friends in Washington
  • Since his last book, Faux is repeatedly asked what either party will do to face these mounting crises. After looking over actual policies, proposed plans, non–partisan reports, and think tank papers, his astonishing conclusion: more of the same.
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Specificații

ISBN-13: 9780470182390
ISBN-10: 0470182393
Pagini: 304
Dimensiuni: 163 x 236 x 28 mm
Greutate: 0.52 kg
Editura: Wiley
Locul publicării:Hoboken, United States

Public țintă

Why isn′t anyone doing anything about the economy? The simple truth, as Jeff Faux tells it, is that things are still pretty great for the people who run America, and if the rest of us lose any job that isn′t yoga instructor or tax attorney for the rich, so be it. The problems with America′s economy didn′t start with the rise of China.  In 1969, our 75 year old trade surplus turned into a permanent deficit, and the economy has been slowly bleeding to death ever since.  Liberals and conservatives agree the economy will recover at some point, but no one seems to be worrying about whether or not the middle will recover with it.  According to THE SERVANT ECONOMY, all signs point to: no. In fact, it′s likely that future budget cuts will not only strip away most of the protections the middle has grown used to, but we′ll lose interest in protecting our military and scientific supremacy. Soon, all that will be left will be the so–called "job creators," who are more and more beyond the reach of government regulation, even if we ever regain our enthusiams for regulation.

Descriere

Praise for The Global Class War "You will never think about ′free trade′ the same way after reading Jeff Faux′s superb book. As Faux makes clear, the globalization debate is really about whose interests are served by global elites, and how we need to go about reclaiming a democracy that serves ordinary people. This book should transform public discourse in America."
Robert Kuttner, founding coeditor of The American Prospect and author of Obama′s Challenge
"Faux is clearly correct that the balance of power between labor and capital has shifted dramatically. Today, investment capital moves at blinding speed, while labor still must go by boat, train, and plane and that′s if it′s lucky."
Michael Hirsh, New York Times
"A persuasive and revealing framework for understanding globalization in terms of class. It′s a much–needed corrective to the way in which most news about the changing world economy is viewed, usually through a free market fundamentalist or, less frequently, a nationalist lens."
David Moberg, In These Times
"Incisive, rancorous . . . with a fluid grasp of both history and economics, Faux, founder of the Economic Policy Institute, critiques both Democrats and Republicans for protecting transnational corporations ′while abandoning the rest of us to an unregulated, and therefore brutal and merciless, global market.′"
Publishers Weekly
"Jeff Faux′s astonishing story of how class works will scandalize the best names in Wall Street and Washington especially the much admired Robert Rubin, who along with other elites colluded behind the backs of ordinary citizens in Mexico, Canada, and the United States. The most cynical Americans will be shocked by the sordid details. This really is an important book."
William Greider, author of Come Home, America and Secrets of the Temple

Textul de pe ultima copertă

Praise for The Global Class War "You will never think about ′free trade′ the same way after reading Jeff Faux′s superb book. As Faux makes clear, the globalization debate is really about whose interests are served by global elites, and how we need to go about reclaiming a democracy that serves ordinary people. This book should transform public discourse in America."
Robert Kuttner, founding coeditor of The American Prospect and author of Obama′s Challenge
"Faux is clearly correct that the balance of power between labor and capital has shifted dramatically. Today, investment capital moves at blinding speed, while labor still must go by boat, train, and plane and that′s if it′s lucky."
Michael Hirsh, New York Times
"A persuasive and revealing framework for understanding globalization in terms of class. It′s a much–needed corrective to the way in which most news about the changing world economy is viewed, usually through a free market fundamentalist or, less frequently, a nationalist lens."
David Moberg, In These Times
"Incisive, rancorous . . . with a fluid grasp of both history and economics, Faux, founder of the Economic Policy Institute, critiques both Democrats and Republicans for protecting transnational corporations ′while abandoning the rest of us to an unregulated, and therefore brutal and merciless, global market.′"
Publishers Weekly
"Jeff Faux′s astonishing story of how class works will scandalize the best names in Wall Street and Washington especially the much admired Robert Rubin, who along with other elites colluded behind the backs of ordinary citizens in Mexico, Canada, and the United States. The most cynical Americans will be shocked by the sordid details. This really is an important book."
William Greider, author of Come Home, America and Secrets of the Temple

Cuprins

Part I: The Pursuit of Folly

1. The Politics of Hope 3
2. A Brief History of America s Cushion 21
3. The Cushion Deflates 47
4. The Age of Reagan: American Abandoned 69
Part II: What the Crash Revealed
5. Who Knew? They Knew 93
6. Obama: Stuch in the Sandpile 115
7. The Shaky Case for Optimism 143
Part III: When What We See Coming, Finally Comes
8. The Politics of Austerity 163
9. Grand Bargain? A Done Dea 185
10. Flickering Hope: Schools, Trade Winds, and the Bubble s Return 201
11. From Service to Servitude 223
12. Hope, from the Ashes of No Hope 247
Acknowledgments 263
Notes 265
Index 285

Notă biografică

JEFF FAUX is the founding president of and a distinguished fellow at the Economic Policy Institute. He′s long written about the global economy for The American Prospect and The Nation. He is the author or coauthor of five books, including The Global Class War.