The New Gilded Age

Income inequality is an increasingly pressing issue in the United States and around the world. This book explores five critical issues to introduce some of the key moral and empirical questions about income, gender, and racial inequality: Do we have a moral obligation to eliminate poverty? Is inequality a necessary evil that's the best way available to motivate economic action and increase total outpt? Can we retain a meaningful democracy even when extreme inequality allows the rich to purchase political privilege? Is the recent stalling out of long-term declines in gender inequality a historic reversal that presages a new gender order? How are racial and ethnic inequalities likely to evolve as minority populations grow ever larger, as intermarriage increases, and as new forms of immigration unfold? Leading public intellectuals debate these questions in a no-holds-barred exploration of our New Gilded Age.

In this expanded paperback edition, "The New Yorker's" best writers--including Joan Didion, John Updike, Jonathan Harr, and others--express how our unprecedented bubble economy has changed the ways in which we live today.

This book analyses the processes through which the modern forms of large fortunes are amassed. Despite the recent spate of governmental and non-governmental interest in inequality (be it wealth or income), the most privileged and fortunate have not generated much interest in mainstream economics. As the issue of wealth accumulation is multifaceted, the proposed book will not merely be an exercise in business history but deals with the issue from multiple perspectives, accordingly employing alternative research methods. Broadly, the trends and dynamics in high-tier wealth accumulation are coupled to the economic, political and social mechanisms that have been in play for at least half a century or more in some parts of the world. This approach leads to potential policy implications since much of the debate on wealth distribution centres on the extent to which wealth has been ‘justly’ attained. Further, how wealth is distributed in the capitalist system can have an impact upon economic growth.This book offers an alternative perspective on why we have witnessed the growth of a new social class of ultra rich. This book will be of interest to academics and researchers in international economic bodies.

"We are the 99%" has quickly become the slogan of our political era as growing numbers of Americans express concern about the disappearing middle class and the ever-widening gap between the super-rich and everyone else. Has America really entered a New Gilded Age? What are the political consequences of the growing income gap? Can democracy survive such vast economic inequality? These questions dominate our political moment--and Larry Bartels provides answers backed by sobering data. Princeton Shorts are brief selections taken from influential Princeton University Press books and produced exclusively in ebook format. Providing unmatched insight into important contemporary issues or timeless passages from classic works of the past, Princeton Shorts enable you to be an instant expert in a world where information is everywhere but quality is at a premium.

An acclaimed examination of how the American political system favors the wealthy—now fully revised and expanded The first edition of Unequal Democracy was an instant classic, shattering illusions about American democracy and spurring scholarly and popular interest in the political causes and consequences of escalating economic inequality. This revised, updated, and expanded second edition includes two new chapters on the political economy of the Obama era. One presents the Great Recession as a "stress test" of the American political system by analyzing the 2008 election and the impact of Barack Obama's "New New Deal" on the economic fortunes of the rich, middle class, and poor. The other assesses the politics of inequality in the wake of the Occupy Wall Street movement, the 2012 election, and the partisan gridlock of Obama’s second term. Larry Bartels offers a sobering account of the barriers to change posed by partisan ideologies and the political power of the wealthy. He also provides new analyses of tax policy, partisan differences in economic performance, the struggle to raise the minimum wage, and inequalities in congressional representation. President Obama identified inequality as "the defining challenge of our time." Unequal Democracy is the definitive account of how and why our political system has failed to rise to that challenge. Now more than ever, this is a book every American needs to read.

A New Gilded Age by James M. Thomas A cohesive collection of stories and essays, A New Gilded Age contains an insightful commentary on American culture, politics, and history. By blending all three elements, this book holds the reader’s interest through each scenario. Following short stories that capture memorable moments of time and events are essays broad in scope and perception. They include, among others, observations on the American Revolution; the great and unappreciated nitrogen fix; unfairness pervading today’s Gilded Age; wickedness in human affairs demanding retribution; a second look at second chances. All forge a deeper consideration.

The must-read summary of Larry M. Bartels’ book: “Unequal Democracy: The Political Economy of the New Gilded Age”. This complete summary of "Unequal Democracy" by Larry M. Bartels, a prominent American political scientist, presents his account of the truth behind several myths about American politics. In his book, the author mainly exposes the fact that the gap between the rich and the poor has widened considerably under Republican administrations, leaving the country completely unequal. Bartels argues that this is due to the political choices made by governments that favor the wealthy. Added-value of this summary:• Save time • Understand the wealth gap in America • Expand your knowledge of American politics and economics To learn more, read “Unequal Democracy: The Political Economy of the New Gilded Age” to investigate the consequences of America’s income gap and the ability to satisfy democratic ideals.