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e-Book Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy download

e-Book Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy download

by Kevin Phillips

ISBN: 0767905334
ISBN13: 978-0767905336
Language: English
Publisher: Broadway Books; 1 edition (May 14, 2002)
Pages: 474
Category: Humanities
Subategory: Other

ePub size: 1155 kb
Fb2 size: 1213 kb
DJVU size: 1793 kb
Rating: 4.2
Votes: 947
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Электронная книга "Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy", Kevin Phillips

Электронная книга "Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy", Kevin Phillips. Эту книгу можно прочитать в Google Play Книгах на компьютере, а также на устройствах Android и iOS. Выделяйте текст, добавляйте закладки и делайте заметки, скачав книгу "Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy" для чтения в офлайн-режиме.

In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth?how it. .Alexander Hamilton, who favored both a financial class and an aristocracy, would have cherished the possibility of such an elite

In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth?how it has been accumulated, its shifting sources, and its ups and downs over more than two centuries. He explores how the rich and politically powerful have frequently worked together to create or perpetuate privilege, often at the expense of the national interest and usually at the expense of the middle and lower classes. Alexander Hamilton, who favored both a financial class and an aristocracy, would have cherished the possibility of such an elite. John Adams, who thought aristocracies inevitable, would not have been surprised.

Phillips examines America's great shift from manufacturing to financial . American Dynasty: Aristocracy, Fortune, and the Politics of Deceit in the House of Bush (2004).

Phillips examines America's great shift from manufacturing to financial services.

Wealth and Democracy book. Goodreads helps you keep track of books you want to read

Wealth and Democracy book. Goodreads helps you keep track of books you want to read. Start by marking Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy as Want to Read: Want to Read savin. ant to Read.

In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth–how it has been .

In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth–how it has been accumulated, its shifting sources, and its ups and downs over more than two centuries. For more than thirty years, Kevin Phillips' insight into American politics and economics has helped to make history as well as record it. His bestselling books, including The Emerging Republican Majority (1969) and The Politics of Rich and Poor (1990), have influenced presidential campaigns and changed the way America sees itself.

Will the close bond between American wealth and political power result in an economic downturn? 7/1/2002 Arguing that "the debate over the compatibility of wealth and democracy is as old as the republic itself.

Will the close bond between American wealth and political power result in an economic downturn? 7/1/2002.

The USA previously decided three times to explicitly create its middle class. The New Deal, the Homestead Act, etc. Policy choices which were hard fought and narrowly won. Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy by Kevin Phillips. That the rich get richer is just math. Not a value statement. Get dozens of book recommendations delivered straight to your inbox every Thursday.

Wealth and Democracy'. May 12, 2002 Many of the declaration's signers were representatives of America's richest families& Massachusetts Hancock, a New York. The debate over the compatibility of wealth and democracy is as old as the republic. Many of the declaration's signers were representatives of America's richest families& Massachusetts Hancock, a New York Livingston, a Carroll of Maryland, a Lee of Virginia, and a South Carolina Rutledge. Theirs was a revolutionary document with respect to Britain, but not in matters domestic.

Wealth and Democracy: How Great Fortunes and Government Created America's Aristocracy - Kevin Phillips, 46. 8. Stupid White Men. and Other Sorry Excuses for the State of the Nation! - - Michael Moore, 45. 9. Why a Daughter Needs a Dad: A Hundred Reasons - Gregory E. Lang, 40. 10. The Right Words at the Right Time - Marlo Thomas, 37. Trade Paperbacks. 1. How to Be Good - Nick Hornby, 100. 2. Good in Bed - Jennifer Weiner, 79. 3. About a Boy - Nick Hornby, 65.

So writes Kevin Phillips, the accomplished historian and one-time .

So writes Kevin Phillips, the accomplished historian and one-time Washington insider, in this extraordinary survey of plutocracy, excess, and reform. The influence of money on government is now, more then ever, a hot political issue. Ebooks list page : 16274.

For more than thirty years, Kevin Phillips' insight into American politics and economics has helped to make history as well as record it. His bestselling books, including The Emerging Republican Majority (1969) and The Politics of Rich and Poor (1990), have influenced presidential campaigns and changed the way America sees itself. Widely acknowledging Phillips as one of the nation's most perceptive thinkers, reviewers have called him a latter-day Nostradamus and our "modern Thomas Paine." Now, in the first major book of its kind since the 1930s, he turns his attention to the United States' history of great wealth and power, a sweeping cavalcade from the American Revolution to what he calls "the Second Gilded Age" at the turn of the twenty-first century.The Second Gilded Age has been staggering enough in its concentration of wealth to dwarf the original Gilded Age a hundred years earlier. However, the tech crash and then the horrible events of September 11, 2001, pointed out that great riches are as vulnerable as they have ever been. In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth–how it has been accumulated, its shifting sources, and its ups and downs over more than two centuries. He explores how the rich and politically powerful have frequently worked together to create or perpetuate privilege, often at the expense of the national interest and usually at the expense of the middle and lower classes.With intriguing chapters on history and bold analysis of present-day America, Phillips illuminates the dangerous politics that go with excessive concentration of wealth. Profiling wealthy Americans–from Astor to Carnegie and Rockefeller to contemporary wealth holders–Phillips provides fascinating details about the peculiarly American ways of becoming and staying a multimillionaire. He exposes the subtle corruption spawned by a money culture and financial power, evident in economic philosophy, tax favoritism, and selective bailouts in the name of free enterprise, economic stimulus, and national security.Finally, Wealth and Democracy turns to the history of Britain and other leading world economic powers to examine the symptoms that signaled their declines–speculative finance, mounting international debt, record wealth, income polarization, and disgruntled politics–signs that we recognize in America at the start of the twenty-first century. In a time of national crisis, Phillips worries that the growing parallels suggest the tide may already be turning for us all.
Comments:
Cha
A detailed and scholarly work that chronicles the skewing of our system in favor of those with money, however they obtained it, from the beginning through recent history.

Gerceytone
In this large book Kevin Phillips takes the reader on a lesson of economics and politics. Much of the history in WEALTH AND DEMOCRACY is of the American variety. He does, however, examine Spain, Holland,and Britain and the commonality these past governments have with the current American political and economic scene. The biggest common thread is the shrinking of the middle class a/k/a stratification of wealth.

One of Mr. Phillips observations is that in the 1990s transnational corporations posted record earnings while hiring few Americans. Sometimes slashing employment to boost the bottom line.
Along that line he quotes Peter Cepelli, a professor at Wharton School of Business- "Today, a CEO would be embarrassed to admit he sacrificed profits to protect employees or a community."

He also describes the shifting of the tax burden from corporations to low and middle income individuals through FICA taxes.

His quote on page 242 sums up American politics of the 1890s- "For two or three decades, then, democracy was corrupted at its constitutional core. Control of the Senate secured not just that chamber but the federal courts, the U.S.Supreme Court, and the U.S. Army to the service of American industry and finance."

He demonstrates in this book that wealth has been a factor in the politics of the United States from the very start. Finance (banking) has had it's proponents like Hamilton and some presidents through time while it has also had it's opponents; most notably Thomas Jefferson and Andrew Jackson.

The author takes a look at the worth of some former Cabinet members, Warren Harding's especially, although he wasn't the only president to tap the wealthy for his service.

Another interesting point that Mr. Phillips makes is that globalization can be, and has been in the past, reversed.

One of the curious inclusions in this book is found on page 71. It's an excerpt of a letter from FDR to Col. Edmund Mandell House. (House is a rather controversial, mysterious figure in American political history and the subject of conspiracy theories. He was a close adviser to Woodrow Wilson during his presidency). "The real truth... is, as you and I know, that a financial element in the larger centers has owned the government ever since the days of Andrew Jackson- and I am not wholly excepting the Administration of W.W. The country is going through a repetition of Jackson's fight with the Bank of the United Sates- only on a bigger and broader basis."

The author also quotes such figures as John Kenneth Galbraith and Thorstein Veblen

The moral of WEALTH AND DEMOCRACY as I take it, is that our economic ills now are nothing more than a recurring pattern that has been experienced by various powerful governments in their heydays. Part of the problem is hubris or the belief that it can't happen again.
This is a large book and some sections are laborious to read, but the message of the book is comprehensible and detailed very well. It may just be the most detailed book on the subject of wealth and it's adverse affect on government, especially a democratic form of government.

one life
This book has been controversial since it was first published in 2002. The reason lies in its subject, wealth and income distribution, that makes everyone thinks that it is a leftist subject by definition. Liberals would love it and conservatives would despise it, a priori.
Phillips does not provide a solution but tries to analyses trends through historical developments of wealth and income distribution in the United States in more than 200 years. The main theses in the book are simple to summarize.
1) The wealth distribution has been highly concentrated and that concentration has increased over time. Living standards have remarkably improved for all classes but inequality has increased substantially. In the last 30 years families' living standards have recorded a setback partially concealed by the fact that more time is spent at work, while in the rest of the world less time is spent at work with improved social services (public schools, vacation time, health plans, pension benefits and so on).

2) The historical wealthiest families had accumulated the first riches through slavery, privateer, piracy, and government procurements during wars thanks to the right connections. The heritage of that past bears its influences still today.

3) Contrary to the common rhetoric, upward social and economic mobility was and is more limited than you might think, according to Phillips' book. You have two extremes in how the wealth is distributed. On one extreme, a society whose wealth is equally distributed, but were incentives to work more are curtailed leaving a smaller cake to share for all. On the other extreme, a society where all wealth is concentrated in one family, in which even aristocrats would complain. Phillips shows data that the latter case is dangerously close to reality.

4) Democracy and wealth are so intertwined that "one dollar one vote" is a better description than "one head one vote". Therefore the top 1% of the wealthiest families (or the top 10%) tend to use their money to keep things as they are, or improve their privileged position. Investing in legislation through lobbyists makes a better rate of return than any other investment.

Phillips provides a great deal of information, but that is not well organized, and often repetitive, leaving the reader with a sense of confusion. First, because the myth of the self-made man or the hope of upward mobility is put in question and it is less common than usually thought, generating a sort of "cognitive dissonance" in the reader (some would call it provocative or eye-opening). Secondly, the author does not provide any solution or policy prescription (of course, for those who think that there is something wrong to fix). It certainly is food for thought, but still raw that the reader should cook it by herself.

Taken for granted the above warnings, it is a recommended book for those who want a first exposure to the hot subject of wealth and democracy, now and then.

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