Aftershock
Subtitle: the next economy and America's future
By: Robert B. Reich
Edition: Large print ed.
Series: Thorndike Press large print nonfiction; Thorndike Press large print nonfiction series
Publisher: Thorndike Press/Gale Cengage Learning
Published: 2010
Place of publication: Detoit [Mich.]
Language: eng
Number of pages: 265
ISBN-13: 9781410434128
Subjects: Forecasting; Economic conditions; Social history; Social conditions; Large type books; Economic history
Description: When the nation's economy foundered in 2008, blame was almost universally directed at Wall Street. But celebrated economic policy maker and political theorist Robert B. Reich suggests a different reason for the meltdown: the increasing concentration of income at the top, and a middle class deep in debt to maintain a decent standard of living. In Aftershock, Reich offers a practical, humane, and much-needed blueprint for lastingly improving America's economy. (Bestseller).
Notes: Includes bibliographical references (p. 235-261).
Table of contents: title: The pendulum; title: The broken bargain. Eccles's insight ; Parallels ; The basic bargain ; How concentrated income at the top hurts the economy ; Why policymakers obsess about the financial economy instead of about the real one ; The Great Prosperity, 1947-1975; title: How we got ourselves into the same mess again ; How Americans kept buying anyway : the three coping mechanisms ; The future without coping mechanisms ; Why China won't save us ; No return to normal; title: Backlash. The 2020 election ; The politics of economics, 2010-2020 ; Why can't we be content with less? ; The pain of economic loss ; Adding insult to injury ; Outrage at a rigged game ; The politics of anger; title: The bargain restored. What should be done : a new deal for the middle class ; How it could get done.