The servant economy : where America's elite is sending the middle class
Geoffrey P. Faux (Author)
"Such terrible decisions that they caused the collapse of 2008. So how can they continue down the same road? The simple answer, that no one in charge 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 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 Washington Since 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--Publisher information
Print Book, English, 2012
John Wiley & Sons, Inc., Hoboken, New Jersey, 2012
Nonfiction
v, 298 pages ; 25 cm
9780470182390, 9781118220115, 9781118233863, 9781118258484, 0470182393, 1118220110, 1118233867, 1118258487
769989918
Part I: The pursuit of folly : The politics of hope ; A brief history of America's cushion ; The cushion deflates ; The age of Reagan : Americans abandoned
Part II: What the crash revealed : Who knew? They knew ; Obama: stuck in the sandpile ; The shaky case for optimism
Part III: When what we see coming, finally comes : The politics of austerity ; Grand bargain? A done deal ; Flickering hope: schools, trade winds, and the bubble's return ; From service to servitude ; Hope, from the ashes of no hope