America's Inequality Trap
(eBook)

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Published
The University of Chicago Press, 2020.
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eBook
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Available Online

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Language
English
ISBN
9780226665641

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APA Citation, 7th Edition (style guide)

Nathan J. Kelly., & Nathan J. Kelly|AUTHOR. (2020). America's Inequality Trap . The University of Chicago Press.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Nathan J. Kelly and Nathan J. Kelly|AUTHOR. 2020. America's Inequality Trap. The University of Chicago Press.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Nathan J. Kelly and Nathan J. Kelly|AUTHOR. America's Inequality Trap The University of Chicago Press, 2020.

MLA Citation, 9th Edition (style guide)

Nathan J. Kelly, and Nathan J. Kelly|AUTHOR. America's Inequality Trap The University of Chicago Press, 2020.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouped Work ID278ceb74-46a5-901a-46c8-55a8281a9905-eng
Full titleamericas inequality trap
Authorkelly nathan j
Grouping Categorybook
Last Update2023-12-08 20:03:29PM
Last Indexed2024-03-29 02:32:04AM

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First LoadedJan 15, 2024
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Hoopla Extract Information

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    [synopsis] => The gap between the rich and the poor has grown dramatically in the United States and is now at its widest since at least the early 1900s. While by most measures the economy has been improving, soaring cost of living and stagnant wages have done little to assuage economic anxieties. Conditions like these seem designed to produce a generation-defining intervention to balance the economic scales and enhance opportunities for those at the middle and bottom of the country's economic ladder-but we have seen nothing of the sort.

 Nathan J. Kelly argues that a key reason for this is that rising concentrations of wealth create a politics that makes reducing economic inequality more difficult. Kelly convincingly shows that, when a small fraction of the people control most of the economic resources, they also hold a disproportionate amount of political power, hurtling us toward a self-perpetuating plutocracy, or an "inequality trap." Among other things, the rich support a broad political campaign that convinces voters that policies to reduce inequality are unwise and not in the average voter's interest, regardless of the real economic impact. They also take advantage of interest groups they generously support to influence Congress and the president, as well as state governments, in ways that stop or slow down reform. One of the key implications of this book is that social policies designed to combat inequality should work hand-in-hand with political reforms that enhance democratic governance and efforts to fight racism, and a coordinated effort on all of these fronts will be needed to reverse the decades-long trend.
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