Aftershock : the next economy and America's future: The Next Economy and America's Future

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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.
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9780345807229
9781449839123
9781461806844
9780307476333
9780307594525
9780307592811
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Grouping Titleaftershock the next economy and americas future
Grouping Authorreich robert b
Grouping Categorybook
Last Grouping Update2020-01-25 01:08:34AM
Last Indexed2020-01-25 01:32:27AM

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display_descriptionCelebrated economic policy maker and political theorist Robert B. Reich argues that the nation's 2008 economic collapse is the result of an increasing concentration of income and wealth at the top--and a middle class that had to go deeply into debt to maintain a decent standard of living. To ensure that prosperity is widely shared, he continues, requires the implementation of a much broader safety net for the middle class financed by higher marginal tax rates on the very wealthy.
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subject_facet
Audiobooks
Business
Economic history
Electronic books
Nonfiction
Social history -- Forecasting
Sound recordings
United States
United States -- Economic conditions -- 2001-2009
United States -- Economic conditions -- 2009-
United States -- Social conditions -- 21st century -- Forecasting
title_displayAftershock : the next economy and America's future
title_fullAftershock : the next economy and America's future / Robert B. Reich
Aftershock : the next economy and America's future Reich, Robert B.
Aftershock The Next Economy and America's Future
Aftershock [electronic resource] : The Next Economy and America's Future. Robert B Reich
Aftershock [sound recording] : the next economy and America's future / Robert B. Reich
title_shortAftershock : the next economy and America's future
title_subThe Next Economy and America's Future
topic_facetBusiness
Economic conditions
Economic history
Forecasting
Nonfiction
Social conditions
Social history