The enormous concentration of wealth in the United States during the 1980s--most of it in the hands of the top 1% of the population--will provoke what Phillips calls a watershed change in American politics. His masterly analysis portrays the public's growing concern over this unequal distribution of wealth and the Republican policies that enhanced the imbalance. A national bestseller in hardcover.
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In this extremely readable description of the economic consequences of the "Reagan revolution" of the 1980s, Phillips relies on diverse empirical data to support the notion that there is a cyclical pattern in American politics. Like the 1880s and the 1920s, the 1980s, says Phillips, represented the ascendancy of the Republican party, which allowed the wealthy to make even further dramatic gains over the middle and lower classes. This "circulation of elites" notion points to a populist backlash and possible return of the Democratic party to the presidency in the 1990s, he says. His critique fits nicely with the work of Arthur M. Schlesinger and the pioneering turn-of-the-century European social scientists Roberto Michels and Vilfredo Pareto.
- William D. Pederson, Louisiana State Univ., Shreveport
Copyright 1990 Reed Business Information, Inc.
Economic analysis and historical comparisons blend to show that Reagan's presidency left a huge concentration of wealth at the top that harms the poor, adds to the mounting debt and allows foreigners to grab large chunks of America. "A stunning refutation of George Gilder's Wealth and Poverty , Phillips's dispassionate report offers no solutions yet zeros in on key problems," said PW.
Copyright 1991 Reed Business Information, Inc.
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Book Description Harpercollins, 1991. Paperback. Book Condition: New. Bookseller Inventory # mon0000154882
Book Description Harpercollins, 1991. Paperback. Book Condition: New. book. Bookseller Inventory # 006097396X
Book Description Harpercollins, 1991. Paperback. Book Condition: New. 1st HarperPerennial Ed Pub 1991. Bookseller Inventory # DADAX006097396X
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Book Description Harpercollins, 1991. Paperback. Book Condition: New. Bookseller Inventory # P11006097396X