A century ago, just like today, the rich dominated American economic and political life. But by the mid 20th century a mass middle class had shrunk this rich down to democratic size. How did that ever happen?
An important new book offer a timely demolition of the claim that the rich owe their fortunes to their individual pluck and performance.
By every measure that matters, relatively equal nations outperform nations where income and wealth concentrate at the top. This powerful new book explores these contrasts — and explains them.
To have any shot at comprehending the unfolding pro football lockout story, we need to first understand the mindset — and the mega millions — of our contemporary sports world’s ever-grasping owners. A review of Bad Sports: How Owners Are Ruining the Games We Love by Dave Zirin.
A look behind the subprime scandal that reveals the subhuman behavior that the chase after grand fortune almost inevitably engenders. A review of All That We Share: A Field Guide to the Commons, edited by Jay Walljasper.
A look behind the subprime scandal that reveals the creepy subhuman behavior that the chase after grand fortune almost inevitably engenders. A review of The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America — and Spawned a Global Crisis, by Michael Hudson.
The national statistics on the economic and social gaps that divide us, suggests this new research two years in the making, actually understate how unequal American life has become at the more local level, where people live it. A review of the new Measure of America 2010–2011.
Our ultra rich don’t just have humungous piles of cash. They have, argues this sprightly new survey of uber wealth, enormous political power, too, enough to make life much rougher for the rest of us than it ever needs to be. A review of The Trouble with Billionaires by Linda McQuaig and Neil Brooks.
Two top political scientists tell us when America turned terribly wrong — and how the rich and powerful organized to do the turning. A review of Jacob Hacker and Paul Pierson, Winner-Take-All Politics: How Washington Made the Rich Richer — and Turned Its Back on the Middle Class.
Does modernity require inequality? Or can we build totally modern societies that respect solidarity and community? A review of Europe’s Promise: Why the European Way Is the Best Hope in an Insecure Age by Steven Hill.