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Smith, Hedrick
Who stole the American dream? / Hedrick Smith
1st ed
New York : Random House, c2012
book jacket
Location Call Number Status
 3rd Floor  E839.5 .S59 2012    AVAILABLE
Subject United States -- Politics and government -- 1945-1989
United States -- Politics and government -- 1989-
Subject(s) Political culture -- United States -- History -- 20th century
Political culture -- United States -- History -- 21st century
Polarization (Social sciences) -- United States
Middle class -- United States -- Economic conditions
Middle class -- Political activity -- United States
Public interest -- United States
Income distribution -- United States
Divided government -- United States
Physical Description xxxi, 557 p. ; 24 cm
Note Includes bibliographical references (p. [527]-538) and index
Contents The challenge from within -- Power shift. The business rebellion : the power shift that changed American history ; The pivotal Congress : Jimmy Carter and 1977-78 Democrats ; Middle-class power : how citizen action worked before the power shift ; Middle-class prosperity : how "the virtuous circle" worked before the new economy -- Dismantling the dream. The new economy of the 1990s : the wedge economics that split America ; The stolen dream : from middle-class to the new poor ; The great burden shift : funding your own safety net, crippled by debt ; The wealth gap : the economics "of the 1%, by the 1%, for the 1%" -- Unequal democracy. The new 2000s power game : why Congress often ignores public opinion ; The Washington-Wall Street symbiosis : the inside track of "the money monopoly" -- Middle-class squeeze. Broken promises : bankrupting middle-class pensions ; 401(K)'s : do-it-yourself : can you really afford to retire? ; Housing heist : prime targets : the solid middle class ; The great wealth shift : how the banks eroded middle-class savings ; Offshoring the dream : the Wal-Mart trail to China ; Hollowing out high-end jobs : IBM : shifting the knowledge economy to India ; The skills gap myth : importing IT workers costs masses of U.S. jobs -- Obstacles to a fix. The missing middle : how gridlock adds to the wealth gap ; The rise of the radical right, 1964-2010 : assault on the middle-class safety net ; The high cost of imperial overstretch : how the U.S. global footprint hurts the middle class -- Challenge and response. Reclaiming the dream : a domestic Marshall plan : a ten-step strategy ; Politics : a grassroots response : reviving the moderate center and middle-class power -- Appendix. Stolen dream timeline : key events, trends, and turning points, 1948-2012
Summary Recounts how the American dream has been dismantled over the past forty years by legislative, electoral, and corporate decisions that have compromised the middle class and minimized individual economic and political power
NOTE 506054

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