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What went wrong : how the 1% hijacked the American middle class...and what other countries got right / George R. Tyler.

by Tyler, George R.

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Dallas, Texas : BenBella Books, Inc., c2013.

Wealth -- United States.

Elite (Social sciences) -- United States.

Capitalism -- United States.

9781937856717 (trade cloth : alk. paper) :

1937856712 (trade cloth : alk. paper)

viii, 563 pages ; 24 cm

The beginning. Facing reality ; What is Reaganomics? ; The triumph of family capitalism -- The shift. Regulatory capture ; Shareholder capitalism ; A culture of selfishness ; Short-termism ; Small government hypocrisy ; Tax cut cultists ; "Deficits don't matter" ; Illusory prosperity ; Economic mythmaking -- The results. Wages rise in family capitalism ; The gains from growth ; Income disparity ; The opportunity societies of stakeholder capitalism ; Australian-style wage determination in family capitalism ; Globalization can be a boon or a bane ; How family capitalism prospered from globalization ; Offshoring and the Apple problem ; Domestic content and the Apple problem ; Productivity and investment ; Deindustrializing America marks the Reagan decline ; Poverty ; Delayed American retirement ; Incentivizing and rewarding work -- Recovery. Rebuilding the American dream ; American family capitalism.

The American economy has experienced considerable growth in the last 30 years, but virtually none of this growth has trickled down to the average American. Equally troubling, these policies have been devastating to both American productivity and our long-term competitiveness. Tyler describes exactly what went wrong with the American economy, how countries around the world have avoided these problems, and what we need to do to get back

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