Aftershock: the next economy and America's future

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ISBN:
9780307592811
9780307594525
9780345807229
9781410434128
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Grouped Work ID b2cebaa9-f1f1-125d-7a1d-4cceb3a3c224
full_title aftershock the next economy and americas future
author reich robert b
grouping_category book
lastUpdate 2017-02-27 05:21:09AM

Solr Details

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author Reich, Robert B.
author-letter Reich, Robert B.
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display_description

A brilliant new reading of the economic crisis--and a plan for dealing with the challenge of its aftermath--by one of our most trenchant and informed experts.

When the nation's economy foundered in 2008, blame was directed almost universally at Wall Street. But Robert B. Reich suggests a different reason for the meltdown, and for a perilous road ahead. He argues that the real problem is structural: it lies in the increasing concentration of income and wealth at the top, and in a middle class that has had to go deeply into debt to maintain a decent standard of living.

Persuasively and straightforwardly, Reich reveals how precarious our situation still is. The last time in American history when wealth was so highly concentrated at the top--indeed, when the top 1 percent of the population was paid 23 percent of the nation's income--was in 1928, just before the Great Depression. Such a disparity leads to ever greater booms followed by ever deeper busts.

Reich's thoughtful and detailed account of where we are headed over the next decades reveals the essential truth about our economy that is driving our politics and shaping our future. With keen insight, he shows us how the middle class lacks enough purchasing power to buy what the economy can produce and has adopted coping mechanisms that have a negative impact on their quality of life; how the rich use their increasing wealth to speculate; and how an angrier politics emerges as more Americans conclude that the game is rigged for the benefit of a few. Unless this trend is reversed, the Great Recession will only be repeated.

Reich's assessment of what must be done to reverse course and ensure that prosperity is widely shared represents the path to a necessary and long-overdue transformation. Aftershock is a practical, humane, and much-needed blueprint for both restoring America's economy and rebuilding our society.

From the Hardcover edition.

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physical pages ; cm., x, 174 pages : illustrations ; 25 cm
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primary_isbn 9780307592811
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subject_facet Large type books, United States -- Economic conditions -- 2001-2009, United States -- Economic conditions -- 2009-, United States -- Social conditions -- 21st century -- Forecasting
table_of_contents Eccles's insight -- Parallels -- The basic bargain -- How concentrated income at the top hurts the economy -- Why policymakers obsess about the financial economy instead of the real one -- The great prosperity : 1947-1975 -- How we got ourselves into the same mess again -- How Americans kept buying anyway : the three coping mechanisms -- The future without coping mechanisms -- Why China won't save us -- No return to normal -- The 2020 election -- The politics of economics, 2010-2020 -- Why can't we be content with less? -- The pain of economic loss -- Adding insult to injury -- Outrage at a rigged game -- The politics of anger -- What should be done : a new deal for the middle class -- How it could get done.
target_audience Adult
target_audience_full Adult
title Aftershock : the next economy and America's future
title_display Aftershock : the next economy and America's future
title_full Aftershock : the next economy and America's future / Robert B. Reich, Aftershock : the next economy and America's future / by Robert B. Reich, Aftershock The Next Economy and America's Future
title_short Aftershock :
title_sort aftershock the next economy and america's future
title_sub the next economy and America's future
topic Business, Large type books, Nonfiction, United States Economic conditions 2001-2009, United States Economic conditions 2009-, United States Social conditions 21st century Forecasting
topic_facet Business, Economic conditions, Forecasting, Large type books, Nonfiction, Social conditions