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The complexity of the American economy and polity has grown at an
explosive rate in our era of globalization. Yet as the 2008
financial crisis revealed, the evolution of the American state has
not proceeded apace. The crisis exposed the system's manifold
political and economic dysfunctionalities.
Featuring a cast of leading scholars working at the intersection of
political science and American history, The Unsustainable American
State is a historically informed account of the American state's
development from the nineteenth century to the present. It focuses
in particular on the state-produced inequalities and administrative
incoherence that became so apparent in the post-1970s era.
Collectively, the book offers an unsettling account of the growth
of racial and economic inequality, the ossification of the state,
the gradual erosion of democracy, and the problems deriving from
imperial overreach. Utilizing the framework of sustainability, a
concept that is currently informing some of the best work on
governance and development, the contributors show how the USA's
current trajectory does not imply an impending collapse, but rather
a gradual erosion of capacity and legitimacy. That is a more
appropriate theoretical framework, they contend, because for all of
its manifest flaws, the American state is durable. That durability,
however, does not preclude a long relative decline.
The Patient Protection and Affordable Care Act signed by President
Obama in March 2010 is a landmark in U.S. social legislation, and
the Supreme Court's recent decision upholding the Act has ensured
that it will remain the law of the land. The new law extends health
insurance to nearly all Americans, fulfilling a century-long quest
and bringing the United States to parity with other industrial
nations. Affordable Care aims to control rapidly rising health care
costs and promises to make the United States more equal, reversing
four decades of rising disparities between the very rich and
everyone else. Millions of people of modest means will gain new
benefits and protections from insurance company abuses - and the
tab will be paid by privileged corporations and the very rich. How
did such a bold reform effort pass in a polity wracked by partisan
divisions and intense lobbying by special interests? What does
Affordable Care mean-and what comes next? In this updated edition
of Health Care Reform and American Politics: What Everyone Needs to
Know (R), Lawrence R. Jacobs and Theda Skocpol-two of the nation's
leading experts on politics and health care policy-provide a
concise and accessible overview. They explain the political battles
of 2009 and 2010, highlighting White House strategies, the deals
Democrats cut with interest groups, and the impact of agitation by
Tea Partiers and progressives. Jacobs and Skocpol spell out what
the new law can do for everyday Americans, what it will cost, and
who will pay. In a new section, they also analyze the impact the
Supreme Court ruling that upheld the law. Above all, they explain
what comes next, as critical yet often behind-the-scenes battles
rage over implementing reform nationally and in the fifty states.
Affordable Care still faces challenges at the state level despite
the Court ruling. But, like Social Security and Medicare, it could
also gain strength and popularity as the majority of Americans
learn what it can do for them.
The complexity of the American economy and polity has grown at an
explosive rate in our era of globalization. Yet as the 2008
financial crisis revealed, the evolution of the American state has
not proceeded apace. The crisis exposed the system's manifold
political and economic dysfunctionalities.
Featuring a cast of leading scholars working at the intersection of
political science and American history, The Unsustainable American
State is a historically informed account of the American state's
development from the nineteenth century to the present. It focuses
in particular on the state-produced inequalities and administrative
incoherence that became so apparent in the post-1970s era.
Collectively, the book offers an unsettling account of the growth
of racial and economic inequality, the ossification of the state,
the gradual erosion of democracy, and the problems deriving from
imperial overreach. Utilizing the framework of sustainability, a
concept that is currently informing some of the best work on
governance and development, the contributors show how the USA's
current trajectory does not imply an impending collapse, but rather
a gradual erosion of capacity and legitimacy. That is a more
appropriate theoretical framework, they contend, because for all of
its manifest flaws, the American state is durable. That durability,
however, does not preclude a long relative decline.
Despite George W. Bush's professed opposition to big government,
federal spending has increased under his watch more quickly than it
did during the Clinton administration, and demands on government
have continued to grow. Why? Lawrence D. Brown and Lawrence R.
Jacobs show that conservative efforts to expand markets and shrink
government often have the ironic effect of expanding government's
reach by creating problems that force legislators to enact new
rules and regulations. Dismantling the flawed reasoning behind
these attempts to cast markets and public power in opposing roles,
"The Private Abuse of the Public Interest" urges citizens and
policy makers to recognize that properly functioning markets
presuppose the government's ability to create, sustain, and repair
them over time.The authors support their pragmatic approach with
evidence drawn from in-depth analyses of education, transportation,
and health care policies. In each policy area, initiatives such as
school choice, deregulation of airlines and other carriers, and the
promotion of managed care have introduced or enlarged the role of
market forces with the aim of eliminating bureaucratic
inefficiency. But in each case, the authors show, reality proved to
be much more complex than market models predicted. This complexity
has resulted in a political cycle - strikingly consistent across
policy spheres - that culminates in public interventions to sustain
markets while protecting citizens from their undesirable effects.
Situating these case studies in the context of more than two
hundred years of debate about the role of markets in society, Brown
and Jacobs call for a renewed focus on public-private partnerships
that recognize and respect both sectors' vital - and fundamentally
complementary - roles.
An eye-opening analysis of the Federal Reserve's massive and
unwarranted power in American life and how it favors the financial
sector over everyone else. The Federal Reserve, created more than a
century ago, is the most powerful central bank in the world. The
Fed's power, which derives from its ability to alter the money
supply and move interest rates, weighs heavily not only on the US
economy, but on the world economy as well. Lawrence R. Jacobs and
Desmond King's Fed Power is the first sustained synthesis of the
Fed's political role-especially the way in which it uses its power
to benefit some interest groups and not others-since the 2008
financial crisis. In this fully updated and revised second edition,
Fed Power addresses new developments during Trump's
presidency-particularly the Fed's massive and unprecedented
injection of liquidity into the US economy following the COVID
epidemic-and offers fresh insights on the Fed's outsized role in
picking winners and losers in the American economy. King and Jacobs
conclude with bold proposals to reform America's financial
management to prevent future crises and to restore democratic
accountability. A powerful critique of how the Federal Reserve
governs the American economy, Fed Power will be essential reading
for anyone interested in the role that the Fed's policies have
played in increasing economic and racial inequality across both the
Obama and Trump presidencies and the new directions pursued by the
Biden administration and progressive activists.
An adorable green creature gets a muffin simply by just asking. But
his friend's outbursts about many things he has asked for, but
never seems to gets them. The message of this book to children is
to be polite when asking, listen to your friends calmly and with
care and share when you can.
The Patient Protection and Affordable Care Act signed by President
Obama in March 2010 is a landmark in U.S. social legislation, and
the Supreme Court's recent decision upholding the Act has ensured
that it will remain the law of the land. The new law extends health
insurance to nearly all Americans, fulfilling a century-long quest
and bringing the United States to parity with other industrial
nations. Affordable Care aims to control rapidly rising health care
costs and promises to make the United States more equal, reversing
four decades of rising disparities between the very rich and
everyone else. Millions of people of modest means will gain new
benefits and protections from insurance company abuses - and the
tab will be paid by privileged corporations and the very rich. How
did such a bold reform effort pass in a polity wracked by partisan
divisions and intense lobbying by special interests? What does
Affordable Care mean-and what comes next? In this updated edition
of Health Care Reform and American Politics: What Everyone Needs to
Know (R), Lawrence R. Jacobs and Theda Skocpol-two of the nation's
leading experts on politics and health care policy-provide a
concise and accessible overview. They explain the political battles
of 2009 and 2010, highlighting White House strategies, the deals
Democrats cut with interest groups, and the impact of agitation by
Tea Partiers and progressives. Jacobs and Skocpol spell out what
the new law can do for everyday Americans, what it will cost, and
who will pay. In a new section, they also analyze the impact the
Supreme Court ruling that upheld the law. Above all, they explain
what comes next, as critical yet often behind-the-scenes battles
rage over implementing reform nationally and in the fifty states.
Affordable Care still faces challenges at the state level despite
the Court ruling. But, like Social Security and Medicare, it could
also gain strength and popularity as the majority of Americans
learn what it can do for them.
Despite George W. Bush's professed opposition to big government,
federal spending has increased under his watch more quickly than it
did during the Clinton administration, and demands on government
have continued to grow. Why? Lawrence D. Brown and Lawrence R.
Jacobs show that conservative efforts to expand markets and shrink
government often have the ironic effect of expanding government's
reach by creating problems that force legislators to enact new
rules and regulations. Dismantling the flawed reasoning behind
these attempts to cast markets and public power in opposing roles,
"The Private Abuse of the Public Interest" urges citizens and
policy makers to recognize that properly functioning markets
presuppose the government's ability to create, sustain, and repair
them over time.The authors support their pragmatic approach with
evidence drawn from in-depth analyses of education, transportation,
and health care policies. In each policy area, initiatives such as
school choice, deregulation of airlines and other carriers, and the
promotion of managed care have introduced or enlarged the role of
market forces with the aim of eliminating bureaucratic
inefficiency. But in each case, the authors show, reality proved to
be much more complex than market models predicted. This complexity
has resulted in a political cycle - strikingly consistent across
policy spheres - that culminates in public interventions to sustain
markets while protecting citizens from their undesirable effects.
Situating these case studies in the context of more than two
hundred years of debate about the role of markets in society, Brown
and Jacobs call for a renewed focus on public-private partnerships
that recognize and respect both sectors' vital - and fundamentally
complementary - roles.
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