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The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity by [Robert Kuttner]

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The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity Kindle Edition

4.4 out of 5 stars 27 ratings

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Length: 352 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled
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Editorial Reviews

Review

“A passionate broadside for restoring widespread prosperity to the middle class and reviving a dispirited democracy.”—BusinessWeek "With seven years' distance from the Clinton era, [Kuttner's] arguments now look emphatically right." —The New York Times Book Review“Robert Kuttner is a prophet whose time has come. This lucid, passionate, razor-sharp book carries a message as urgent as it is clarifying.”—Hendrik Hertzberg “Robert Kuttner has diagnosed the sickness in our body politic.”—The Boston Globe


From the Trade Paperback edition.

From Publishers Weekly

As Keynesianism has been surpassed by a resurgent free market ideology, many of the policies, institutions and regulations of the New Deal have been abandoned in favor of a more business-friendly orientation. Kuttner argues that these changes have further enriched the already wealthy at the expense of America's lower and middle classes, exacerbating inequality and systematically weakening the economy. The controversial American Prospect editor favors a form of soft capitalism, in which the vicissitudes of the market and the risk to which it exposes ordinary Americans are tempered by government intervention—or, as he colorfully puts it, public regulation of the market's self-cannibalizing tendencies. Bringing a wealth of historical knowledge to bear on the problems of financial regulation, Kuttner compares the causes of the Great Depression and other economic crises to behavior patterns evident in our market system today, with unfavorable conclusions. However, much of the argumentation may be too technical to hold the interest of a nonspecialist for very long. While some of Kuttner's statistics are dubious and some of his policy recommendations have been thoroughly and universally discredited (e.g., reregulation of the airline industry, bringing the Federal Reserve under presidential control), his book is a useful corrective to more extreme libertarian works. (Nov.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the hardcover edition.

Product details

  • File Size : 471 KB
  • Publication Date : November 4, 2008
  • Print Length : 352 pages
  • Publisher : Vintage; Reprint Edition (November 4, 2008)
  • Word Wise : Enabled
  • Language: : English
  • ASIN : B001K9JVSW
  • Enhanced Typesetting : Enabled
  • Text-to-Speech : Enabled
  • X-Ray : Not Enabled
  • Lending : Not Enabled
  • Customer Reviews:
    4.4 out of 5 stars 27 ratings