The Servant Economy: Where America's Elite is Sending the Middle Class
America's political and economic elite spent so long making such terrible decisions that they caused the collapse of 2008. So how can they continue down the same road? The simple answer, that no in charge one wants to publicly acknowledge: because things are still pretty great for the people who run America. It was an accident of history, Jeff Faux explains, that after World War II the U.S. could afford a prosperous middle class, a dominant military, and a booming economic elite at the same time. For the past three decades, all three have been competing, with the middle class always losing. Soon the military will decline as well.
- The most plausible projections Faux explores foresee a future economy nearly devoid of production and exports, with the most profitable industries existing to solely to serve the wealthiest 1%
- The author's last book, The Global Class War, sold over 20,000 copies by correctly predicting the permanent decline of our debt-burdened middle class at the hands of our off-shoring executives, out of control financiers, and their friends in Washington
- Since his last book, Faux is repeatedly asked what either party will do to face these mounting crises. After looking over actual policies, proposed plans, non-partisan reports, and think tank papers, his astonishing conclusion: more of the same.
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Book details
- Author
- Jeff Faux
- Imprint
- Trade Paper Press, an imprint of Turner Publishing Company
- Published
- Formats
- Hardcover, Paperback
- Subjects
- Political Science › Political Economy
- Topics
- political economy · American middle class · economic inequality · American elites · economic decline · U.S. politics · public policy · financial crisis
- ISBN-13
- 9780470182390 (Hardcover)9781684425877 (Paperback)
About the author
JEFF FAUX is the principal founder of the Economic Policy Institute and the author of several books on the global economy, including The Servant Economy: Where America’s Elite is Sending the Middle Class, The Global Class War and The Party’s Not Over.
Faux served as president of the Economic Policy Institute from 1986 to 2002 and subsequently as its Distinguished Fellow. He was educated at Queens College, George Washington University, and Harvard University, and has worked as an economist with the U.S. Office of Economic Opportunity and the U.S. Departments of State, Commerce, and Labor.
When not writing, Faux contributes to publications including The American Prospect and The Nation. The Global Class War has been translated into Spanish and Arabic.