A Fabulous Failure: The Clinton Presidency and the Transformation of American Capitalism

How the Clinton administration betrayed its progressive principles and capitulated to the right

When Bill Clinton was elected president in 1992, he ended twelve years of Republican rule and seemed poised to enact a progressive transformation of the US economy, touching everything from health care to trade to labor relations. Yet by the time he left office, the nation’s economic and social policies had instead lurched dramatically rightward, exacerbating the inequalities so troubling in our o...