What went wrong
Subtitle: how the 1% hijacked the American middle class...and what other countries got right
By: George R. Tyler
Published: 2013
Language: eng
Number of pages: 563
ISBN-13: 9781937856717
Subjects: Elite (Social sciences); Wealth; Capitalism
Description: The American economy has experienced considerable growth in the last 30 years, but virtually none of this growth has trickled down to the average American. Equally troubling, these policies have been devastating to both American productivity and our long-term competitiveness. Tyler describes exactly what went wrong with the American economy, how countries around the world have avoided these problems, and what we need to do to get back
Notes: Includes bibliographical references (pages 471-541) and index.
Table of contents: title: The beginning. Facing reality ; What is Reaganomics? ; The triumph of family capitalism; title: The shift. Regulatory capture ; Shareholder capitalism ; A culture of selfishness ; Short-termism ; Small government hypocrisy ; Tax cut cultists ; "Deficits don't matter" ; Illusory prosperity ; Economic mythmaking; title: The results. Wages rise in family capitalism ; The gains from growth ; Income disparity ; The opportunity societies of stakeholder capitalism ; Australian-style wage determination in family capitalism ; Globalization can be a boon or a bane ; How family capitalism prospered from globalization ; Offshoring and the Apple problem ;  Domestic content and the Apple problem ; Productivity and investment ; Deindustrializing America marks the Reagan decline ; Poverty ; Delayed American retirement ; Incentivizing and rewarding work; title: Recovery. Rebuilding the American dream ; American family capitalism.