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Third World America: How Our Politicians Are Abandoning the Middle Class and Betraying the American Dream

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  • Posted September 13, 2010

    I Also Recommend:

    Good -- but Misses the Importance of Technology

    Adrianna Huffington does a good job of describing the ongoing destruction of the middle class. I found the real-life stories of individuals and families that have been impacted particularly compelling. The degree of income concentration in the United States is really quite shocking. My major complaint is that Huffington fails to indentify advancing technology as a primary driving force behind income inequality. This is an important point because if technology (along with globalization) is a major culprit, then in tells us something about the future: Things are very likely to get even worse. We're sure to see more advanced automation and also new technology that makes it even easier for companies to offshore work. Even the upper middle class is not going to escape this tend. The basic reality is that technology and globalization are making our labor worth much less and giving workers less and less bargaining power. For a great overview of this issue--and a focus on the future rather than the past--I'd strongly recommend this book: "The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future." It shows how advancing technology will very likely lead to structural uemployment and even more extreme concentration of income into the hands of the few. As someone who works in the technology field, I'm convinced that the trends described in this book are already well underway and explain, at least in part, the situation that Huffington describes. As "The Lights in the Tunnel" points out, this problem may ultimately be so big that it defies conventional solutions. I highly recommend that anyone concerned about the plight of middle class Americans check out this book and give these issues some serious thought.

    8 out of 8 people found this review helpful.

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