The Confiscation of American Prosperity

Download or read book The Confiscation of American Prosperity written by M. Perelman and published by Springer. This book was released on 2007-10-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that the right-wing revolution in the United States has created deepening inequality and will lead to economic catastrophe. The author makes the case that over the past three decades the rich have confiscated wealth and income from the poor and middle class to a far greater extent than many realize, and he explores in detail important but commonly unmeasured dimensions of inequality. He also takes aim at the economics profession, criticising the analytical blinders that leave economists incapable of seeing the coming crisis.