The Vanishing Middle Class: Prejudice And Power In A Dual Econom

The Vanishing Middle Class: Prejudice and Power in a Dual Economy

by Peter Temin

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The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor.

Many poorer Americans live in conditions resembling those of a developing country - substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the other - black, Latino, not like "us". Moreover, politicians use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

 

 

Details:


Amazon rank: #37
Price: $11.15
bound: 7 hours and 21 minutes
Publisher: Blackstone Audio, Inc.
Language: English
ASIN: B06W9M2C7N

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Vanishing Middle Class Prejudice and Power in a Dual Economy

 

07f867cfac

Peter Temin

 

“The middle class is vanishing.” Now Temin, an emeritus professor at MIT and ... The United States is becoming a nation of rich and poor, with few families in the middleThis paper recalls the unity of economics and history at MIT before the Second World War, and their divergence thereafterFollow authors to get new release updates, plus improved recommendations and more..Introduction

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