For greater than thirty years, Kevin Phillips' perception into American politics and economics has helped to make background in addition to list it. His bestselling books, together with The rising Republican Majority (1969) and The Politics of wealthy and Poor (1990), have motivated presidential campaigns and adjusted the best way the United States sees itself. extensively acknowledging Phillips as one of many nation's such a lot perceptive thinkers, reviewers have known as him a latter-day Nostradamus and our "modern Thomas Paine." Now, within the first significant booklet of its sort because the Thirties, he turns his consciousness to the U.S.' heritage of serious wealth and tool, a sweeping cavalcade from the yankee Revolution to what he calls "the moment Gilded Age" on the flip of the twenty-first century.
The moment Gilded Age has been mind-blowing adequate in its focus of wealth to dwarf the unique Gilded Age 100 years past. despite the fact that, the tech crash after which the terrible occasions of September eleven, 2001, mentioned that groovy riches are as susceptible as they've got ever been. In Wealth and Democracy, Kevin Phillips charts the continuing American saga of significant wealth–how it's been gathered, its moving assets, and its ups and downs over greater than centuries. He explores how the wealthy and politically strong have often labored jointly to create or perpetuate privilege, usually on the price of the nationwide curiosity and typically on the rate of the center and decrease classes.
With exciting chapters on background and impressive research of present-day the USA, Phillips illuminates the harmful politics that flatter over the top focus of wealth. Profiling prosperous Americans–from Astor to Carnegie and Rockefeller to modern wealth holders–Phillips presents interesting information about the in particular American methods of turning into and staying a multimillionaire. He exposes the delicate corruption spawned through a cash tradition and fiscal strength, glaring in fiscal philosophy, tax favoritism, and selective bailouts within the identify of unfastened firm, financial stimulus, and nationwide security.
Finally, Wealth and Democracy turns to the background of england and different best global fiscal powers to check the indicators that signaled their declines–speculative finance, mounting foreign debt, checklist wealth, source of revenue polarization, and disgruntled politics–signs that we realize in the US first and foremost of the twenty-first century. In a time of nationwide problem, Phillips concerns that the turning out to be parallels recommend the tide may perhaps already be turning for us all.
From the Hardcover edition.