Economic Apartheid In America / Edition 2

Economic Apartheid In America / Edition 2

by Chuck Collins, Felice Yeskel, United for a Fair Economy
     
 

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ISBN-10: 1595580158

ISBN-13: 9781595580153

Pub. Date: 10/31/2005

Publisher: New Press, The

This updated edition of the widely touted Economic Apartheid in America looks at the causes and manifestations of wealth disparities in the United States, including tax policy in light of the 2001 and 2003 tax cuts and recent corporate scandals.

Published with two leading organizations dedicated to addressing economic inequality, the book looks at recent

Overview

This updated edition of the widely touted Economic Apartheid in America looks at the causes and manifestations of wealth disparities in the United States, including tax policy in light of the 2001 and 2003 tax cuts and recent corporate scandals.

Published with two leading organizations dedicated to addressing economic inequality, the book looks at recent changes in income and wealth distribution and examines the economic policies and shifts in power that have fueled the growing divide.

Praised by Sojurners as “a clear blueprint on how to combat growing inequality,” Economic Apartheid in America provides “much-needed groundwork for more democratic discussion and participation in economic life” (Tikkun). With “a wealth of eye-opening data” (The Beacon) focusing on the decline of organized labor and civic institutions, the battle over global trade, and the growing inequality of income and wages, it argues that most Americans are shut out of the discussion of the rules governing their economic lives. Accessible and engaging and illustrated throughout with charts, graphs, and political cartoons, the book lays out a comprehensive plan for action.

Product Details

ISBN-13:
9781595580153
Publisher:
New Press, The
Publication date:
10/31/2005
Edition description:
Revised Edition
Pages:
254
Product dimensions:
0.56(w) x 9.25(h) x 7.50(d)

Table of Contents

Acknowledcmentsvii
Forewordix
Introduction: Economic Boom for Whom?1
The Amazing U.S. Economy?1
Warning: Entering New Global Economy--Proceed with Caution4
The Trends: Rising Tide, Sinking Boats6
We Can Build a Fairer Economy7
About the Book9
1.The Dangerous Consequences of Crowing Inequality13
Pressures Facing Our Households14
Inequality and the Threat to Prosperity25
Inequality and Democracy28
Inequality and Public Health31
Social Polarization and the Withdrawal of the Haves32
You Are on Your Own: The New Individualism35
Gated Communities and Bigger Prisons37
2.The Picture: Crowing Economic Insecurity and Inequality
The Inequality of Income and Wages39
Race, Gender, and Income43
The Gap Between Highest and Average Wage Earners46
The Inequality of Wealth52
What Is Wealth and Why Is It Important?52
The Concentration of Wealth54
The Myth of Who Owns Assets58
The Wealth-Holders59
Global Inequality61
The Champagne Glass Global Distribution of Income63
3.The Causes of Inequality68
Why Has Inequality Grown?68
A Power Shift69
Money Power in Our Democracy70
The Rise in Concentrated Corporate Power74
The Attack on Worker Rights81
Decline in the Influence of the Civic Sector86
Decline in Independent Politics88
The Rules Governing the Economy90
Global Trade and Investment Policy90
Taxation100
The Restructuring of Work and the Breakdown in the Social Contract108
Regulation and Deregulation114
Federal Reserve and Monetary Policy116
Government Social Spending, the Safety Net, and Corporate Welfare119
The Culture of Greed vs. the Common Good124
4.Building a Fair Economy Movement127
The Tradition of Taking Action to Reduce Inequality128
Movement Building131
Stages of Social Movements132
Phase 1Cultural Preparation and Organization134
Phase 2Building Public Support135
Phase 3Consolidation136
Building a Movement Infrastructure136
Strategy: What Policies Are We For?138
5.Actions to Close the Economic Divide
Building a Real Democracy145
Building Workers' Power145
Removing the Influence of Big Money from Our Democracy152
Building Independent Politics157
Reining in Corporate Power160
Changing the Rules to Build a Fair Economy171
Global Trade and Investment Rules171
Reducing Wage Inequality181
Reducing Wealth Inequality189
Fair Taxation192
Fighting Corporate Welfare201
Reforming Monetary Policy and the Federal Reserve206
Alternatives for a Fair Economy208
Conclusion213
AppendixWe Are United for a Fair Economy215
Further Reading219
Notes221

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