The Servant Economy: How America's Elite is Reshaping the Middle Class | Socioeconomic Analysis & Class Divide Insights | Perfect for Political Science Students & Economic Researchers
The Servant Economy: How America's Elite is Reshaping the Middle Class | Socioeconomic Analysis & Class Divide Insights | Perfect for Political Science Students & Economic Researchers
The Servant Economy: How America's Elite is Reshaping the Middle Class | Socioeconomic Analysis & Class Divide Insights | Perfect for Political Science Students & Economic Researchers

The Servant Economy: How America's Elite is Reshaping the Middle Class | Socioeconomic Analysis & Class Divide Insights | Perfect for Political Science Students & Economic Researchers

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Description

Renowned economist Jeff Faux explains why neither party's leaders have a plan to remedy America's unemployment, inequality, or long economic slideAmerica'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 WashingtonSince 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.

Reviews

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- Verified Buyer
I spend a large fraction of my time reading and thinking about the US economy and this is the most incisive and compelling analysis of where we are and how we got here and where we are going that I have ever read. Personally I only agree with about 75% of the book. But the book is not brilliant because it recapitulates my own ideas. It is brilliant because it challenges the conventional wisdom of economists on the right and the left which tends to be at least 75% wrong. So anyone who can be 75% right (or more, he may well be right about some things where I have it wrong) is setting a world record for economic analysis today.One day, US politics is going to demand transformational change in our economy, if we don't want 80-90% of the workforce to continue to see declining wages and economic opportunity. When that time comes, I hope that leader has read this book.
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