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Table of Contents
pt. I. The broken bargain. Eccles's insight
Parallels
The basic bargain
How concentrated income at the top hurts the economy
Why policymakers obsess about the financial economy instead of about the real one
The great prosperity: 1947-1975
How we got ourselves into the same mess again
How Americans kept buying anyway: the three coping mechanisms
The future without coping mechanisms
Why China won't save us
No return to normal
pt. II. Backlash. The 2020 election
The politics of economics, 2010-2020
Why can't we be content with less?
The pain of economic loss
Adding insult to injury
Outrage at a rigged game
The politics of anger
pt. III. The bargain restored. What should be done: a new deal for the middle class
How it could get done.
Parallels
The basic bargain
How concentrated income at the top hurts the economy
Why policymakers obsess about the financial economy instead of about the real one
The great prosperity: 1947-1975
How we got ourselves into the same mess again
How Americans kept buying anyway: the three coping mechanisms
The future without coping mechanisms
Why China won't save us
No return to normal
pt. II. Backlash. The 2020 election
The politics of economics, 2010-2020
Why can't we be content with less?
The pain of economic loss
Adding insult to injury
Outrage at a rigged game
The politics of anger
pt. III. The bargain restored. What should be done: a new deal for the middle class
How it could get done.