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How the War on Government Led Us to Forget What Made America Prosper
Simon & Schuster
April 2016
On Sale: March 29, 2016
464 pages
ISBN: 1451667825
EAN: 9781451667820
Kindle: B010MHAITI
Hardcover / e-Book
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Non-Fiction
From the groundbreaking author team behind the bestselling
Winner-Take-All Politics, a timely and topical work that
examines what’s good for American business and what’s good
for Americans—and why those interests are misaligned. In Winner-Take-All Politics, Jacob S. Hacker and Paul
Pierson explained how political elites have enabled and
propelled plutocracy. Now in American Amnesia, they trace
the economic and political history of the United States over
the last century and show how a viable mixed economy has
long been the dominant engine of America’s prosperity. Like every other prospering democracy, the United States
developed a mixed economy that channeled the spirit of
capitalism into strong growth and healthy social
development. In this bargain, government and business were
as much partners as rivals. Public investments in education,
science, transportation, and technology laid the foundation
for broadly based prosperity. Programs of economic security
and progressive taxation provided a floor of protection and
business focused on the pursuit of profit—and government
addressed needs business could not. The mixed economy was the most important social innovation
of the twentieth century. It spread a previously
unimaginable level of broad prosperity. It enabled steep
increases in education, health, longevity, and economic
security. And yet, extraordinarily, it is anathema to many
current economic and political elites. And as the advocates
of anti-government free market fundamentalist have gained
power, they are hell-bent on scrapping the instrument of
nearly a century of unprecedented economic and social
progress. In American Amnesia, Hacker and Pierson explain
how—and why they must be stopped.
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