Title: The cost of winning
First published: 1995
Description: In The Cost of Winning, Michael H. Cosgrove describes how the United States used economic policies to contain the Soviet Union during the post-World War II era and how those policies turned a vibrant American economy into one of broken promises and declining power. Cosgrove defines and examines the five economic building blocks used to contain the Soviets in America's Golden Age. He explains how policies supporting these building blocks allowed U.S. taxpayers to both contain the Soviets and enjoy a rapidly rising standard of living. America's economic superstatus began to crumble, however, with President Nixon's August 1971 decision to abandon the gold quasi-standard and Saudi Arabia's 1973 decision to cut oil shipments to America. Lean years for the American economy set in.

When the American economy could no longer deliver the American dream, entitlements were increased in an attempt to fill the gap between expectations and what the private sector could provide. Since the early 1970s, real purchasing power has been steadily eroding for approximately 75 million private sector workers.

Will America be the first world power to reverse its relative decline? Cosgrove maintains that Congress must initiate the upward process by restructuring itself. Rather than meeting in Washington, D.C., Congress should meet a maximum three to four months per year at a different site each year to achieve "American revitalization." Cosgrove's solutions to the problems of the crime include law enforcement through use of bounty hunters to identify and capture alleged criminals, and to establish a fixed penalty system for violent crimes to make costs of committing crime clearer to everyone. Certain to be controversial, this intriguing examination of the state of affairs in the United States, and the author's recommended policies will be compelling reading for sociologists, policymakers, economists, and scholars with an interest in applied public policy for the long haul.
Subjects: Economic conditions, Economic forecasting, Economic policy, Foreign economic relations, Social policy, United states, social conditions, 1980-, United states, economic policy, United states, economic conditions, 1945-, United states, foreign economic relations, United states, social policy, BUSINESS & ECONOMICS, International, Economics, General, Economic history, International economic relations
Places: United States
Time periods: 1945-
LC classification: HC106.5 .C685 1996