Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity (Paperback)
  • Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity (Paperback)
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Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity (Paperback)

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£12.99
Paperback 256 Pages
Published: 27/11/2015
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Inequality is a choice.

The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story—the U.S. today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent. Education, housing and health care—essential ingredients for individual success—are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of colour, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future.

Some economists claim that today’s bleak conditions are inevitable consequences of market outcomes, globalisation and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.

Publisher: WW Norton & Co
ISBN: 9780393353129
Number of pages: 256
Weight: 227 g
Dimensions: 208 x 140 x 20 mm


MEDIA REVIEWS

"The secret truth about economic inequality in America: once you look at the issue this way, it’s hard to think of it any other way." - Time

"An aggressive blueprint for rewriting 35 years of policies [that] have led to a vast concentration of wealth among the richest Americans and an increasingly squeezed middle class." - The New York Times

"this is a beautifully written book, and one that can be read in an afternoon. It is short and to the point, a clear, concise and up-to-date book." - Times Higher Education

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“Timely”

A short and pithy reminder of how things could be so much better by breaking up monopolies, increasing union power and taxing the top 1% more. The most startling part of the book was the section on how hard it is to... More

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