Inequality, Boom, and Bust: From Billionaire Capitalism to Equality and Full Employment

There is enormous inequality between the income and wealth of the richest one percent and all other Americans. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this.

Format: Paperback / softback
Length: 208 pages
Publication date: 06 March 2018
Publisher: Taylor & Francis Inc

The gap between the income and wealth of the richest 1 percent and all other Americans is staggeringly wide. While the top 1 percent hold a staggering 42 percent of all wealth in America, the lower half of the income ladder holds only 2 percent. This book challenges the prevailing conservative paradigm and presents a fresh perspective on the causes and consequences of this inequality.

Conservative economists often attribute economic inequality to individual characteristics such as intelligence and hard work. However, this book presents new evidence that suggests that changes in economic inequality are primarily driven by the inherent characteristics of capitalist institutions. The authors also delve into the cycle of boom and bust, examining political and social factors that are often overlooked by conservative economists.

Furthermore, the book explores how wealth influences political policies, exacerbating economic inequality even further than it already exists. By analyzing American political and economic institutions, Inequality, Boom, and Bust offers concrete steps for an activist, progressive policy to significantly reduce inequality through free healthcare, free higher education, and reduced unemployment.

The book emphasizes the need for a comprehensive approach to addressing economic inequality, recognizing that it is not just a problem of income but also of wealth and power. It calls for a shift in policy priorities towards policies that promote social mobility, economic stability, and equal access to resources.

In conclusion, Inequality, Boom, and Bust is a thought-provoking and timely book that sheds light on the causes and consequences of economic inequality in America. It challenges the conservative paradigm and presents a fresh perspective on the steps that can be taken to reduce inequality and create a more equitable society. By analyzing American political and economic institutions and advocating for policies that promote social mobility, economic stability, and equal access to resources, this book offers a roadmap for building a more prosperous and inclusive future for all Americans.

Weight: 346g
Dimension: 234 x 163 x 13 (mm)
ISBN-13: 9780815381297