Title
America's Inequality Trap (Chicago Studies in American Politics),New
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The gap between the rich and the poor has grown dramatically in the United States and is now at its widest since at least the early 1900s. While by most measures the economy has been improving, soaring cost of living and stagnant wages have done little to assuage economic anxieties. Conditions like these seem designed to produce a generationdefining intervention to balance the economic scales and enhance opportunities for those at the middle and bottom of the countrys economic ladderbut we have seen nothing of the sort.Nathan J. Kelly argues that a key reason for this is that rising concentrations of wealth create a politics that makes reducing economic inequality more difficult. Kelly convincingly shows that, when a small fraction of the people control most of the economic resources, they also hold a disproportionate amount of political power, hurtling us toward a selfperpetuating plutocracy, or an inequality trap. Among other things, the rich support a broad political campaign that convinces voters that policies to reduce inequality are unwise and not in the average voters interest, regardless of the real economic impact. They also take advantage of interest groups they generously support to influence Congress and the president, as well as state governments, in ways that stop or slow down reform. One of the key implications of this book is that social policies designed to combat inequality should work handinhand with political reforms that enhance democratic governance and efforts to fight racism, and a coordinated effort on all of these fronts will be needed to reverse the decadeslong trend.
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'America's Inequality Trap'? A: The book addresses the growing economic inequality in the United States, highlighting how wealth concentration impacts political power and hinders efforts to reduce this inequality.
- Q: Who is the author of 'America's Inequality Trap'? A: The author is Nathan J. Kelly, who explores the relationship between economic conditions and political dynamics.
- Q: When was 'America's Inequality Trap' published? A: The book was published on February 11, 2020.
- Q: What is the binding type of this book? A: The book is available in paperback binding.
- Q: How many pages are in 'America's Inequality Trap'? A: The book contains 232 pages.
- Q: What key themes are discussed in this book? A: The book discusses themes of economic inequality, political power, social policy, and the need for democratic reforms to combat inequality.
- Q: Is 'America's Inequality Trap' suitable for academic study? A: Yes, the book is part of the Chicago Studies in American Politics series and provides insights valuable for academic research and discussions on political economy.
- Q: What edition of the book is available? A: The book is available in its first edition.
- Q: What impact does the author suggest wealth concentration has on democracy? A: The author suggests that wealth concentration leads to a self-perpetuating plutocracy, making it harder to implement policies that reduce economic inequality.
- Q: Can this book help in understanding the current economic landscape in the U.S.? A: Yes, it provides a critical analysis of the factors contributing to economic inequality and offers insights into potential reforms needed to address these issues.