The servant economy: where America's elite is sending the middle class

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Renowned economist Jeff Faux explains why neither party's leaders have a plan to remedy America's unemployment, inequality, or long economic slide

America's political and economic elite spent so long making such terrible decisions that they caused the collapse of 2008. So how can they continue down the same road? The simple answer, that no in charge one 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 to 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.
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9780470182390
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Grouped Work ID1eca5f36-2b9b-90a2-fcbc-ac8e6422587a
Grouping Titleservant economy where americas elite is sending the middle class
Grouping Authorfaux geoffrey p
Grouping Categorybook
Last Grouping Update2019-11-08 16:52:52PM
Last Indexed2019-12-09 04:48:06AM

Solr Details

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authorFaux, Geoffrey P.
author_displayFaux, Geoffrey P
available_at_bemisBemis Public Library
detailed_location_bemisBemis Lower Level
display_description"Renowned economist Jeff Faux explains why neither party's leaders have a plan to remedy America's unemployment, inequality, or long economic slide. America's political and economic elite spent so long making 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 to 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"-- "This book will describe, the dismantling of the New Deal profoundly affected the way in which the private corporate sector treated the future as well. Deregulation dramatically shortened the time horizons of American business. Time is money. Banks and investment houses were once again free to use the nation's capital to chase short-term speculative profits. The idea that had been emerging after World War II that corporations were social institutions -- responsible to their employees, suppliers, surrounding communities and other stakeholders -- faded"--
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ils:.b35606563.i123560482Bemis Lower Level330.973 FAUX, GEO1falsefalseOn Shelfbelow
itype_bemisJuvenile Biography
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local_callnumber_bemis330.973 FAUX,GEO
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owning_library_bemisBemis Public Library
owning_location_bemisBemis Public Library
primary_isbn9780470182390
publishDate2012
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical Description
ils:.b35606563BookBooksEnglishJohn Wiley & Sons, Inc., [2012]pages cm
recordtypegrouped_work
scoping_details_bemis
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b35606563.i123560482On ShelfOn Shelffalsetruetruefalsefalsetrue5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15
subject_facetMiddle class -- United States -- Economic conditions
POLITICAL SCIENCE / Economic Conditions
United States -- Economic conditions -- 2009-
United States -- Economic policy -- 2009-
title_displayThe servant economy : where America's elite is sending the middle class
title_fullThe servant economy : where America's elite is sending the middle class / Jeff Faux
title_shortThe servant economy
title_subwhere America's elite is sending the middle class
topic_facetEconomic conditions
Economic policy
Middle class
POLITICAL SCIENCE / Economic Conditions