the unsustainable american state

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The Unsustainable American State

Author : Lawrence Jacobs
ISBN : 0199736812
Genre : Political Science
File Size : 67. 63 MB
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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.

Fate Of The States

Author : Meredith Whitney
ISBN : 9781101601495
Genre : Business & Economics
File Size : 46. 91 MB
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"Forget everything you think you know about the direction of the American economy, about our grow­ing need for foreign oil, about the rise of the service economy and the decline of American manufacturing. The story of the next thirty years will not be a repeat of the last thirty." One of the most respected voices on Wall Street, Meredith Whitney shot to global prominence in 2007 when her warnings of a looming crisis in the financial sector proved all too prescient. Now, in her first book, she expands upon her biggest call since the financial crisis.

Democratization In America

Author : Desmond King
ISBN : 9780801893247
Genre : Political Science
File Size : 24. 88 MB
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The essays in this volume examine democracy’s development in the United States, demonstrating how that process has shaped—and continues to shape—the American political system. Scholars of American politics commonly describe the political development of the United States as exceptional and distinct from that of other advanced industrial democracies. They point to the United States as the longest-lived and most stable liberal democracy in history. What they often fail to mention, though, is that it took considerable time to extend democracy throughout the country. The contributors to this volume suggest that it is intellectually fruitful to consider the U.S. case in comparison to other countries. They argue that the development of democracy is ongoing in America; that even with a written constitution grounded in liberal democracy, the meaning and significance of U.S. democracy are still evolving. This volume shows that democratization and the pursuit of democracy are processes affected by multiple and continuing challenges—including such issues as citizenship, race, institution building, and political movements—as patterns and practices of politics and governance continue to change. This innovative approach contributes significantly to comparative democratization studies, a field normally confined to Latin America and former communist countries. The U.S. case is a unique reference point for students of American political development and comparative democratization.

Fed Power

Author : Lawrence R. Jacobs
ISBN : 9780199388967
Genre : POLITICAL SCIENCE
File Size : 32. 57 MB
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"Fed Power reveals how America's central bank undermined democratic accountability and widened economic inequality. It traces the Fed's historic rise to unparalleled power and capacity on domestic policy and its unilateral decisions during the 2008-9 financial crisis to leverage half of the country's net worth to the benefit of finance"--

The Great Deformation

Author : David Stockman
ISBN : 9781586489137
Genre : Political Science
File Size : 75. 48 MB
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A New York Times bestseller The Great Deformation is a searing look at Washington's craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state—especially the Federal Reserve—has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America's private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few. Defying right- and left-wing boxes, David Stockman provides a catalogue of corrupters and defenders of sound money, fiscal rectitude, and free markets. The former includes Franklin Roosevelt, who fathered crony capitalism; Richard Nixon, who destroyed national financial discipline and the Bretton Woods gold-backed dollar; Fed chairmen Greenspan and Bernanke, who fostered our present scourge of bubble finance and addiction to debt and speculation; George W. Bush, who repudiated fiscal rectitude and ballooned the warfare state via senseless wars; and Barack Obama, who revived failed Keynesian “borrow and spend” policies that have driven the national debt to perilous heights. By contrast, the book also traces a parade of statesmen who championed balanced budgets and financial market discipline including Carter Glass, Harry Truman, Dwight Eisenhower, Bill Simon, Paul Volcker, Bill Clinton, and Sheila Bair. Stockman's analysis skewers Keynesian spenders and GOP tax-cutters alike, showing how they converged to bloat the welfare state, perpetuate the military-industrial complex, and deplete the revenue base—even as the Fed's massive money printing allowed politicians to enjoy “deficits without tears.” But these policies have also fueled new financial bubbles and favored Wall Street with cheap money and rigged stock and bond markets, while crushing Main Street savers and punishing family budgets with soaring food and energy costs. The Great Deformation explains how we got here and why these warped, crony capitalist policies are an epochal threat to free market prosperity and American political democracy.

Fed Up

Author : Rick Perry
ISBN : 9780316183758
Genre : Political Science
File Size : 41. 15 MB
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Now, do not misunderstand me, America is great. But we are fed up with being over-taxed and over-regulated. We are tired of being told how much salt to put on our food, what kind of cars we can drive, what kinds of guns we can own, what kind of prayers we are allowed to say and where we can say them, what we are allowed to do to elect political candidates, what kind of energy we can use, what doctor we can see. What kind of nation are we becoming? I fear it's the very kind the Colonists fought against. But perhaps most of all, we are fed up because deep down we know how great America has always been, how many great things the people do in spite of their government, and how great the nation can be in the future if government will just get out of the way. Our fight is clear. We must step up and retake the reins of our government from a Washington establishment that has abused our trust. We must empower states to fight for our beliefs, elect only leaders who are on our team, set out to remind our fellow Americans why liberty is guaranteed in the Constitution, and take concrete steps to take back our country. The American people have never sat idle when liberty's trumpet sounds the call to battle-and today that battle is for the soul of America.

Obama At The Crossroads

Author : Lawrence R. Jacobs
ISBN : 9780199942787
Genre : Political Science
File Size : 79. 47 MB
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The 2010 election serves as a bookend to one of the remarkable political periods in recent U.S. history. Amidst a profound economic crisis, Americans elected an African American to the presidency and massive Democratic majorities to Congress. Beginning in 2009, the President and Congress put forward a sweeping agenda to both address the economic crisis and enact progressive policies that liberals had been advocating for decades. Within a year and a half, they would pass health care reform and financial reform alongside a stimulus package of nearly a trillion dollars. Democrats also rescued the auto industry via a partial government takeover and expanded the Bush administration's incipient program for saving the banking sector by pouring hundreds of billions of dollars into it. Finally, the Obama administration dramatically increased our commitment in Afghanistan while simultaneously winding down our presence in Iraq. In Obama at the Crossroads, eminent political scientists Desmond King and Larry Jacobs have gathered some of the best scholars in American politics to take stock of this extraordinary period. Covering the financial crisis, health care reform, racial politics, foreign policy, the nature of Obama's leadership, and the relationship between the administration's agenda and broader progressive goals, this will serve as a comprehensive overview of the key issues facing the Obama administration as it entered office.

Industrial Poverty

Author : Dr Sven R Larson
ISBN : 9781472439345
Genre : Political Science
File Size : 50. 35 MB
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Conventional wisdom says that Europe’s crisis is a financial crisis. But is this really the case? In Industrial Poverty, economist Sven R. Larson, challenges this view and suggests instead that Europe is in a state of permanent economic decline. The crisis, says Larson, is in fact a welfare-state crisis. Over decades, government has grown too big for the private sector to pay for; when the recession hit in 2008 most European economies could no longer bear the burden of the welfare state. Raging deficits, accelerating unemployment and harsh austerity policies hurled the continent into more than a regular recession. Europe is entering a new economic state: industrial poverty. Using Sweden in the 1990s as an example, Larson shows how a welfare-state crisis combined with the wrong kind of austerity policies replaces prosperity with industrial poverty. In a desperate effort to balance the budget and save the welfare state in the midst of the crisis, the Swedish government subjected the country to some of the toughest austerity measures on record. The outcome was a permanent reduction in the standard of living for Swedish families as well as the standard of government services. Today, Europe is going through the same transition into industrial poverty. Tomorrow, it could be the United States, unless Congress and the President take decisive action against the runaway budget deficit.

Beyond Discrimination

Author : Fredrick C. Harris
ISBN : 9781610448178
Genre : Social Science
File Size : 23. 66 MB
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Nearly a half century after the civil rights movement, racial inequality remains a defining feature of American life. Along a wide range of social and economic dimensions, African Americans consistently lag behind whites. This troubling divide has persisted even as many of the obvious barriers to equality, such as state-sanctioned segregation and overt racial hostility, have markedly declined. How then can we explain the stubborn persistence of racial inequality? In Beyond Discrimination: Racial Inequality in a Post-Racist Era, a diverse group of scholars provides a more precise understanding of when and how racial inequality can occur without its most common antecedents, prejudice and discrimination. Beyond Discrimination focuses on the often hidden political, economic and historical mechanisms that now sustain the black-white divide in America. The first set of chapters examines the historical legacies that have shaped contemporary race relations. Desmond King reviews the civil rights movement to pinpoint why racial inequality became an especially salient issue in American politics. He argues that while the civil rights protests led the federal government to enforce certain political rights, such as the right to vote, addressing racial inequities in housing, education, and income never became a national priority. The volume then considers the impact of racial attitudes in American society and institutions. Phillip Goff outlines promising new collaborations between police departments and social scientists that will improve the measurement of racial bias in policing. The book finally focuses on the structural processes that perpetuate racial inequality. Devin Fergus discusses an obscure set of tax and insurance policies that, without being overtly racially drawn, penalizes residents of minority neighborhoods and imposes an economic handicap on poor blacks and Latinos. Naa Oyo Kwate shows how apparently neutral and apolitical market forces concentrate fast food and alcohol advertising in minority urban neighborhoods to the detriment of the health of the community. As it addresses the most pressing arenas of racial inequality, from education and employment to criminal justice and health, Beyond Discrimination exposes the unequal consequences of the ordinary workings of American society. It offers promising pathways for future research on the growing complexity of race relations in the United States.

Unsustainable

Author : James MacDougald
ISBN : 9780615376448
Genre : Business & Economics
File Size : 38. 24 MB
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UNSUSTAINABLE is packed with information that is vital to every taxpaying American. It reveals shocking information that has long been hidden from the public. It exposes how governments at every level hide the pay and exorbitant pensions they provide to themselves and use accounting trickery to keep taxpayers from knowing of the enormous costs and long-term liabilities. MacDougald shows how the federal government keeps $106 trillion of debt hidden from taxpayers, and how state and local governments hide another $3 trillion. He exposes exactly how governments often trick taxpayers into agreeing to pay more and more taxes to "save schools" or "provide police protection" when the money really goes to more pay and bigger pensions. UNSUSTAINABLE details how public sector unions have become a "money pump," taking taxpayer dollars paid to public sector workers, then given as union dues, and then used for political contributions to politicians who will support the extraction of even more taxpayer dollars. The provocative and controversial book also documents and exposes the huge financial catastrophe that is about to befall Social Security, "baby boomers" and our younger workers and how it will threaten our economy for decades. UNSUSTAINABLE addresses the "jobs squeeze," detailing how the private sector lost 1.5 million jobs in the last decade even as government grew by 2 million. And it reveals how Congress passes laws that they know violate our Constitutional rights and gets away with it. It is a book that all Americans, no matter what their politics, must read.

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