American Amnesia: How the War on Government Led Us to Forget What Made America Prosper

American Amnesia: How the War on Government Led Us to Forget What Made America Prosper

From the groundbreaking writer workforce at the back of the bestselling Winner-Take-All Politics, a well timed and topical paintings that examines what’s stable for American enterprise and what’s sturdy for Americans—and why these pursuits are misaligned.

In Winner-Take-All Politics, Jacob S. Hacker and Paul Pierson defined how political elites have enabled and propelled plutocracy. Now in American Amnesia, they hint the commercial and political background of the USA over the past century and convey how a conceivable combined economic system has lengthy been the dominant engine of America’s prosperity.

Like any other prospering democracy, the us built a combined economic system that channeled the spirit of capitalism into robust development and fit social improvement. during this cut price, govt and enterprise have been as a lot companions as competitors. Public investments in schooling, technology, transportation, and expertise laid the basis for extensively dependent prosperity. courses of monetary safeguard and innovative taxation supplied a flooring of safeguard and company occupied with the pursuit of profit—and executive addressed wishes company may possibly not.

The combined economic climate used to be crucial social innovation of the 20 th century. It unfold a formerly incredible point of vast prosperity. It enabled steep raises in schooling, healthiness, durability, and monetary safety. And but, terribly, it really is anathema to many present monetary and political elites. and because the advocates of anti-government loose industry fundamentalist have won energy, they're hell-bent on scrapping the device of approximately a century of exceptional monetary and social growth. In American Amnesia, Hacker and Pierson clarify how—and why they need to be stopped.

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