- STAFF PICKS
- GIFTS + GIFT CARDS
- SELL BOOKS
- FIND A STORE
This item may be
Check for Availability
The Squandering of America: How the Failure of Our Politics Undermines Our Prosperityby Robert Kuttner
Synopses & Reviews
A passionate, articulate argument detailing how the United States political system has failed to adapt to the economic challenges of the late 20th and early 21st centuries.
The American economy is in peril. It has fallen hostage to a casino of financial speculation, creating instability as well as inequality. Tens of millions of workers are vulnerable to layoffs and outsourcing, health care and retirement burdens are increasingly being shifted from employers to individuals. Here Kuttner debunks alarmist claims about supposed economic hazards and exposes the genuine dangers: hedge funds and private equity run amok, sub-prime lenders, Wall Street middlemen, and America's dependence on foreign central banks. He then outlines a persuasive, bold alternative, a new model of managed capitalism that can deliver security and opportunity, and rekindle democracy as we know it.
A renowned political and economic critic describes how the elite domination of American politics has made for a less democratic and prosperous society that has also made the economic system more vulnerable, looking at the growing disparity between the rich and poor, hazards of a deregulated economy, and common-sense remedies for the costs of Medicare and Social Security. Reprint. 20,000 first printing.
Robert Kuttner is a founder and co-editor of The American Prospect magazine. He wrote a column for Business Week for twenty years, and he also has a weekly column in The Boston Globe and many other papers. He has published two books with Knopf--Everything for Sale (1997) and The End of Laissez Faire (1991).
Table of Contents
Preface to the Vintage edition — Introduction: Failures of politics — 1: Hidden depression — 2: Assault on the good society — 3: Wall Street rules — 4: Financial engineering and systemic risks — 5: Casino continues — 6: Budget anxiety and Rubinomics — 7: Equality, efficiency, and globalism — 8: Trade and the national interest — 9: Return of speculative global finance — 10: Squandering of democracy — Epilogue: Redeeming America — Acknowledgments — Notes — Index.
What Our Readers Are Saying