Strobel and Peterson offer a clear, accessible analysis of the
worsening distribution of income and wealth in America. In
addressing the decline of the middle class, the authors determine
not only that the middle class has continued to shrink but that the
majority of economic benefits have become concentrated into fewer
and fewer hands. There is a close analysis of the linkage between
economic and political power, as well as the increasing inability
of the growing lower and shrinking middle classes to voice their
economic views in Washington.
The result is a uniquely American form of class conflict, which
adds to our historic racial tension, and new clashes along gender
and generational lines. Widening income disparities further split
society. Single issue politics often emerge as a refuge for those
voters unwilling or unable to deal with these complicated and
seemingly insoluble issues.
To prevent further class conflict in the coming quarter century,
the authors outline strategic changes in policy, including a plan
to strengthen social security. Anyone with an interest in current
economic issues and problems will find this book helpful in
understanding how the worsening income and wealth distribution came
about, the consequences inherent in this situation, and suggestions
for the future.
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