Ebook: Aftershock: the next economy and America's future
Author: Reich Robert B
- Tags: Business, Nonfiction, Social history--Forecasting, Economic history, Electronic books, United States -- Economic conditions -- 2009-, United States -- Economic conditions -- 2001-2009, United States -- Social conditions -- 21st century -- Forecasting, Social history -- Forecasting, United States
- Year: 2011
- Publisher: Knopf Doubleday Publishing Group
- City: New York;United States
- Edition: 1st Vintage books ed
- Language: English
- epub
A brilliant new reading of the economic crisis--and a plan for dealing with the challenge of its aftermath--by one of our most trenchant and informed experts. When the nation's economy foundered in 2008, blame was directed almost universally at Wall Street. But Robert B. Reich suggests a different reason for the meltdown, and for a perilous road ahead. He argues that the real problem is structural: it lies in the increasing concentration of income and wealth at the top, and in a middle class that has had to go deeply into debt to maintain a decent standard of living. Persuasively and straightforwardly, Reich reveals how precarious our situation still is. The last time in American history when wealth was so highly concentrated at the top--indeed, when the top 1 percent of the population was paid 23 percent of the nation's income--was in 1928, just before the Great Depression. Such a disparity leads to ever greater booms followed by ever deeper busts ...
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