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What Went Wrong: How the 1% Hijacked the American Middle Class . . . and What Other Countries Got Right

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  • Posted July 20, 2013

    This book is a lengthy diatribe against Ronald Reagan. It's inte

    This book is a lengthy diatribe against Ronald Reagan. It's intellectually sloppy since it blames Reagan for everything that has gone wrong with the US economy since 1973. For example, it blames Reagan for allowing CEO pay to rise dramatically...on the same page as a chart showing that the sharpest growth in CEO pay was during the mid- to late-1990s, under the Clinton administration (and the author worked in the Clinton administration). It also describes the years from WWII until 1973 (justifiably) very positively in terms of the economy, and claims that "Voters ended it all in 1980". (The economy was in the tank for years before Ronald Reagan- that's largely why he was elected, and troubles had started in the 1970s.) The book is also full of self-righteous quotes from northern Europeans and others about how their economies are better than ours.

    This book could be a very useful evaluation of policy choices that other countries have made that led to their middle classes doing better than ours. Perhaps the author will delete the 90% of the book that consists of anti-Reagan diatribes and publish a second edition that will do just that.

    1 out of 3 people found this review helpful.

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