- Shopping Bag ( 0 items )
The recent financial collapse exposed cracks in the foundation of our economic, cultural, and political values. As we continue to dig out of the rubble, we must ask ourselves as a nation: What happened? What do we do now? No one is in a better position to address these pressing questions than William Greider who has for years been ringing the alarm on the gross dereliction of the Federal Reserve and other regulators, rampant materialism, the decay of political democracy, and the...
The recent financial collapse exposed cracks in the foundation of our economic, cultural, and political values. As we continue to dig out of the rubble, we must ask ourselves as a nation: What happened? What do we do now? No one is in a better position to address these pressing questions than William Greider who has for years been ringing the alarm on the gross dereliction of the Federal Reserve and other regulators, rampant materialism, the decay of political democracy, and the deepening inequalities in American life.
In Come Home, America, Greider lays out the confluence of political and economic forces that led to this defining moment in our nation's history. Greider argues this is a turning point that offers profound challenges but also profound opportunities to face up to the economic and social contradictions we've been avoiding for decades and, under circumstances few of us ever hoped for or imagined, rediscover the redeeming promise of our country.
Chapter 1 Fair Warning 1
Chapter 2 The Other America 10
Chapter 3 The Walls Closing In 15
Chapter 4 The "Winner's Complex" 25
Chapter 5 The Politics of "Hard Money" 37
Chapter 6 Blinded by Faith 62
Chapter 7 Second Thoughts 93
Chapter 8 The Next War 117
Chapter 9 Why Not Victory? 150
Chapter 10 The End of the Conservative Era 173
Chapter 11 America the Possible 197
Chapter 12 Machine Politics 219
Chapter 13 The Reckoning 248
Chapter 14 The Underground River 270
Posted April 16, 2009
All Americans concerned about this country must read this book. It explains why we are struggling to keep our standand of living, and how it
was created over the past 20 years. He also explains we all must get involved to take back our country from special interests.
If you are a veteran you will want to read his thoughts, since he
also is one of us. He believes we as a group are the best equipped to lead
this charge. If you think of yourself as a patriot who cares about this country, this is a must read.
2 out of 2 people found this review helpful.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Noted commentator William Greider shows how the USA's "democracy is broken." He points out, "we have two parties representing capital." He urges the American people to stop their state 'trying to run the world'. The USA is a corporate state, in which huge corporations use their political clout to win privileges from government. The state diverts public cash into private hands. It seems to be right to protect capital and corporations, but wrong to protect workers and unions. For example, in 1979, the Federal Reserve Bank's anti-inflation policy increased the value of money, and so of assets (stocks and bonds), benefiting most those with most, holding down wages and growth for years. Globalisation is bad for the USA; it borrows to consume more than it produces. It exports jobs and imports debt. Its trade deficit in manufactured goods was $130 billion in 1999, $500 billion in 2009. Greider shows how corrupt capitalists (and their media) are: "More than 115 companies have been caught backdating stock options for senior executives (including celebrity CEO Steve Jobs of Apple) to inflate the value of their bonuses. But the Wall Street Journal pleaded their innocence: 'Were all of the CEOs, CFOs and general counsels at all of these companies greedy and corrupt? Seems unlikely,' an editorial insisted." He shows how finance capital rips us off. For example, "Deregulation created a rich opportunity for financial players. . Wall Street hedge funds developed a very lucrative market in buying and selling utility companies and power plants, quickly doubling or tripling returns to their investors. Each time ownership was flipped, hedge funds took their profits and left the electric companies deeper in debt - forcing them to raise their rates for customers." Aggression abroad mirrors exploitation at home. Greider points to the ghastly wars against Korea, Vietnam and Iraq. He calls the Korean War 'a hideous mistake'. He notes that Alan Greenspan admitted, "The Iraq war is largely about oil", and that "both political parties are, in practice, united in a 'war party' that supports and finances militarism." His book abounds with telling facts: under Bush, family debt doubled to $7 trillion. The USA is one of only five countries without a national policy of paid maternity leave. Billionaire speculator Warren Buffett pays a lower tax rate than his secretary. Finally, Greider proposes solutions to all these problems, believing, "The people are not the problem. The people are the solution." Americans need to 'rebuild the national economy at home and restore economic equity and security in society.' He sums up, "Reconstruction requires vast federal spending devoted to public investments. Rebuild the common assets of society (ranging from worn-out bridges to social guarantees) and finance the development of new industrial sectors that will create millions of new jobs." Rebuilding the USA will create jobs for Americans. The USA should borrow to create. In 1946, US government debt was 120 per cent of GDP, but, invested in new factories and new technologies, it generated jobs and wages and created the new wealth that supported better lives for the people.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted December 5, 2009
This author has done a great job of researching and tells it like it is.
Offers many solutions to the problems this country has and exposes many of the people that have caused those problems. It is hard to put down once you start reading.