A blend of accessible economic theory and practical reform, of much interest to any reader whose common cause is with the 99...
The declining middle class represents not just a lost economic stratum, but the disappeared basis for the quaint idea of representative democracy.
Rome, Venice, Great Britain: the first republics had their legal footings in constitutions premised on class warfare. By that outlook, a Hobbesian war of each against all pitted the interests of rich against poor, with not much to buffer the two. The genius of the American Constitution, writes Sitaraman (Law/Vanderbilt Law School; The Counterinsurgent’s Constitution: Law in the Age of Small Wars, 2012), is that it “assumes relative economic equality in society [and] assumes that the middle class is and will remain dominant.” Thus, he adds, the Constitution does not preclude the poor from entering, say, the Senate, even though practical reality may not encourage them. Yet, as he also notes, particularly in the years since the Great Recession, markers of inequality have become ever more pronounced; the government seems structured to benefit the interests of the wealthy at the expense of the poor, and the middle class is being squeezed. An adviser to Elizabeth Warren, and therefore on the left end of the left wing, Sitaraman is a proponent of government as an engine for economic reform. As he argues, it was government programs such as the GI Bill and modest home loans that built a strong middle class in the first place, a strong bulwark against the temptations of communism. In the new siege of the middle class on the part of the wealthy, he urges, the old fears of too much power in the hands of the government ought to be replaced by old but dormant fears of power in the hands of the very wealthy. Now, with “power increasingly concentrated in the hands of economic elites,” the reality is squarely back in that class warfare that the Founders so desperately wanted to transcend.
A blend of accessible economic theory and practical reform, of much interest to any reader whose common cause is with the 99 rather than the 1 percent.Pub Date: March 16, 2017
ISBN: 978-0-451-49391-0
Page Count: 432
Publisher: Knopf
Review Posted Online: Jan. 23, 2017
Kirkus Reviews Issue: Feb. 1, 2017
BOOK REVIEW
BOOK REVIEW
For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.
Pub Date: Jan. 1, 1979
ISBN: 0061965588
Page Count: 772
Publisher: Harper & Row
Review Posted Online: May 26, 2012
Kirkus Reviews Issue: Jan. 1, 1979
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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