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Halifax Public Libraries
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Faux, Geoffrey P.
Subjects
Middle class -- United States -- Economic conditions.
United States -- Economic policy -- 2009-
United States -- Economic conditions -- 2009-
Browse Catalog
by author:
Faux, Geoffrey P.
by title:
The servant economy ...
by call number:
330.973 F271s
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Faux, Geoffrey P.
Middle class -- United States -- Economic conditions.
United States -- Economic policy -- 2009-
United States -- Economic conditions -- 2009-
MARC Display
The
servant
economy
:
where
America
's
elite
is
sending
the
middle
class
/ Jeff Faux.
by
Faux, Geoffrey P.
John Wiley & Sons, Inc., [2012]
Call #:
330.973 F271s
Subjects
Middle
class
-- United States -- Economic conditions.
United States -- Economic policy -- 2009-
United States -- Economic conditions -- 2009-
ISBN:
9780470182390
Description:
298 p. ; 24 cm.
Bibliography:
Includes bibliographical references and index.
Summary:
"Renowned economist Jeff Faux explains why neither party'
s
leaders have a plan to remedy
America
's unemployment, inequality, or long economic slide.
America
's political and economic
elite
spent so long making such terrible decisions that they caused the collapse of 2008. So how can they continue down the same road? The simple answer, that no one in charge wants to publicly acknowledge: because things are still pretty great for the people who run
America
. It was an accident of history, Jeff Faux explains, that after World War II the U.
S
. could afford a prosperous
middle
class
, a dominant military, and a booming economic
elite
at the same time. For the past three decades, all three have been competing, with the
middle
class
always losing. Soon the military will decline as well. The most plausible projections Faux explores foresee a future
economy
nearly devoid of production and exports, with the most profitable industries existing to solely to serve the wealthiest 1%. The author'
s
last book, The Global
Class
War, sold over 20,000 copies by correctly predicting the permanent decline of our debt-burdened
middle
class
at the hands of our off-shoring executives, out of control financiers, and their friends in Washington Since his last book, Faux is repeatedly asked what either party will do to face these mounting crises. After looking over actual policies, proposed plans, non-partisan reports, and think tank papers, his astonishing conclusion: more of the same"--Publisher.
"This book will describe, the dismantling of the New Deal profoundly affected the way in which the private corporate sector treated the future as well. Deregulation dramatically shortened the time horizons of American business. Time is money. Banks and investment houses were once again free to use the nation'
s
capital to chase short-term speculative profits. The idea that had been emerging after World War II that corporations were social institutions -- responsible to their employees, suppliers, surrounding communities and other stakeholders -- faded"--Publisher.
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