“The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, it's not just one giant insurance company (and its banking counterparties) facing disaster, it's tens of millions of hardworking Americans who played by the rules.”
Quote by Arianna Huffington
Work
This book presents a provocative analysis of the forces its author perceives as having eroded middle-class prosperity in the United States. Through examination of economic trends, legislative priorities, and shifting social conditions, the work argues that certain political choices have systematically disadvantaged ordinary working Americans while benefiting other segments of society. The title draws a controversial parallel between conditions in economically struggling American communities and those found in developing nations, suggesting that policy decisions have created outcomes previously associated with Third World economics. The author contend that the traditional promise of American economic mobility—the belief that each generation could achieve greater prosperity than the last—has been undermined by various factors explored throughout the work. The book offers a perspective on economic inequality and political accountability that has resonated with readers concerned about the future of the American middle class. more
Author
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