The squandering of America: how the failure of our politics undermines our prosperity

Book Cover
Average Rating
Publisher:
Alfred A. Knopf,
Pub. Date:
2007.
Language:
English
Description
The incomes of most Americans today are static or declining. Tens of millions of workers are newly vulnerable to layoffs and outsourcing. Health care and retirement burdens are increasingly being shifted from employers to individuals. Two-income families find they are working longer hours for lower wages, with decreased social support. As wealth has become more concentrated, the economy has become more recklessly speculative, jeopardizing not only the prospects of ordinary Americans, but the solvency of the entire system. What links these trends, writes Robert Kuttner in this provocative, engaging, and necessary book, is the consolidation of political and economic power by a narrow elite, who blocks the ability of government to restore broad prosperity to the majority of citizens.Kuttner—one of our most lucid economic critics—explores the roots of these problems and outlines a persuasive, bold alternative. In BusinessWeek, The Boston Globe, and The American Prospect, he has established himself as a prophetic voice connecting economics and politics. Here he demonstrates how our economy has fallen hostage to a casino of financial speculation, creating instability as well as inequality. He debunks alarmist claims about supposed economic hazards, such as Social Security and Medicare, and exposes the genuine dangers: hedge funds and private equity run amok, sub-prime lenders, Wall Street middlemen, and America’s dependence on foreign central banks. He describes how globalization of commerce has been used by business less to promote free trade than to escape the balanced regulation that delivered widespread abundance in the decades after World War II.While our financial security has weakened under President George W. Bush, Kuttner also faults many Democrats for failing to offer compelling alternatives. Now, with financial markets in crisis and public opinion supporting a more active role for government, he offers a new model of managed capitalism that can deliver security and opportunity, and rekindle democracy as a check on concentrated wealth.Here is a passionate, articulate naming of the problem and a call for reform. The Squandering of America sets out a path for reclaiming our democratic politics—and our prosperity.
More Details
ISBN:
9781400040803
Also in this Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID 025d5139-6c76-4e20-997a-4e294d373c23
full_title squandering of america how the failure of our politics undermines our prosperity
author kuttner robert
grouping_category book
lastUpdate 2017-06-24 11:03:33AM

Solr Details

_version_ 1571100271416705025
accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author Kuttner, Robert.
author-letter Kuttner, Robert.
author_additional Robert Kuttner.
author_display Kuttner, Robert
availability_toggle_arlington Available Now, Entire Collection
available_at_arlington Central
callnumber-a HC106.83
callnumber-first H - Social Science
callnumber-subject HC - Economic History and Conditions
callnumber_sort_arlington 330.973 KUTTN
collection_arlington Adult Nonfiction
date_added 2011-01-26T05:00:00Z
days_since_added 2341
detailed_location_arlington Central Adult Nonfiction
display_description The incomes of most Americans today are static or declining. Tens of millions of workers are newly vulnerable to layoffs and outsourcing. Health care and retirement burdens are increasingly being shifted from employers to individuals. Two-income families find they are working longer hours for lower wages, with decreased social support. As wealth has become more concentrated, the economy has become more recklessly speculative, jeopardizing not only the prospects of ordinary Americans, but the solvency of the entire system. What links these trends, writes journalist Kuttner, is the consolidation of political and economic power by a narrow elite, who blocks the ability of government to restore broad prosperity to the majority of citizens. Kuttner--one of our most lucid economic critics--explores the roots of these problems and outlines a persuasive, bold alternative, a new model of managed capitalism that can deliver security and opportunity, and rekindle democracy as a check on concentrated wealth.--From publisher description.
format_arlington Book
format_boost 10
format_category_arlington Books
grouping_category book
id 025d5139-6c76-4e20-997a-4e294d373c23
isbn 9781400040803
item_details ils:.b13056062|.i13219054|Central Adult Nonfiction|330.973 KUTTN|||1|false|false|||||On Shelf|Apr 30, 2012|can||
itype_arlington Hardback
language English
language_boost 10
language_boost_es 1
lexile_code
lexile_score -1
lib_boost_arlington 50
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_arlington 330.973 KUTTN
local_callnumber_exact_arlington 330.973 KUTTN
local_callnumber_left_arlington 330.973 KUTTN
local_days_since_added_arlington 2341
num_holdings 1
oclc (OCoLC)141482920
owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
owning_location_arlington Central
physical vii, 337 p. ; 25 cm.
popularity 2
primary_isbn 9781400040803
publishDate 2007
publishDateSort 2007
publisher Alfred A. Knopf,
rating 2.5
rating_facet oneStar, twoStar
record_details ils:.b13056062|Book|Books||English|Alfred A. Knopf,|2007.|vii, 337 p. ; 25 cm.
recordtype grouped_work
scope_has_related_records a, arlington, c, d, g, h, o, p, s, u, v, w
scoping_details_arlington ils:.b13056062|.i13219054|On Shelf|On Shelf|false|true|true|false|false|true|999||
subject_facet United States -- Commercial policy, United States -- Economic policy -- 1993-2001, United States -- Economic policy -- 2001-2009, United States -- Politics and government -- 2001-2009
table_of_contents Introduction: Failures of politics -- A hidden depression -- The assault on the good society -- Wall Street rules -- Financial engineering and systemic risks -- The casino continues -- Budget anxiety and rubinomics -- Equality, efficiency, and globalism -- Trade and the national interest -- The return of speculative global finance -- The squandering of democracy -- Epilogue : redeeming America.
target_audience Adult
target_audience_full Adult
title The squandering of America : how the failure of our politics undermines our prosperity
title_display The squandering of America : how the failure of our politics undermines our prosperity
title_full The squandering of America : how the failure of our politics undermines our prosperity / Robert Kuttner
title_short The squandering of America :
title_sort squandering of america how the failure of our politics undermines our prosperity
title_sub how the failure of our politics undermines our prosperity