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Rewriting the Rules of the American Economy - An Agenda for Growth and Shared Prosperity (Paperback)
Loot Price: R409
Discovery Miles 4 090
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Rewriting the Rules of the American Economy - An Agenda for Growth and Shared Prosperity (Paperback)
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Loot Price R409
Discovery Miles 4 090
Expected to ship within 12 - 17 working days
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Inequality is a choice. The United States bills itself as the land
of opportunity, a place where anyone can achieve success and a
better life through hard work and determination. But the facts tell
a different story-the U.S. today lags behind most other developed
nations in measures of inequality and economic mobility. For
decades, wages have stagnated for the majority of workers while
economic gains have disproportionately gone to the top one percent.
Education, housing and health care-essential ingredients for
individual success-are growing ever more expensive. Deeply rooted
structural discrimination continues to hold down women and people
of colour, and more than one-fifth of all American children now
live in poverty. These trends are on track to become even worse in
the future. Some economists claim that today's bleak conditions are
inevitable consequences of market outcomes, globalisation and
technological progress. If we want greater equality, they argue, we
have to sacrifice growth. This is simply not true. American
inequality is the result of misguided structural rules that
actually constrict economic growth. We have stripped away worker
protections and family support systems, created a tax system that
rewards short-term gains over long-term investment, offered a de
facto public safety net to too-big-to-fail financial institutions,
and chosen monetary and fiscal policies that promote wealth over
full employment.
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