The Confiscation of American Prosperity
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This book argues that the right-wing revolution in the United States has created deepening inequality and will lead to economic catastrophe. The author makes the case that over the past three decades the rich have confiscated wealth and income from the poor and middle class to a far greater extent than many realize, and he explores in detail important but commonly unmeasured dimensions of inequality. He also takes aim at the economics profession, criticising the analytical blinders that leave economists incapable of seeing the coming crisis.
Dr. Michael Perelman is Professor of Economics, California State University at Chico. He is the author of several previous books including Class Warfare in the Information Age, The Natural Instability of Markets, The Pathology of the U.S. Economy, and Steal This Idea.
“Can a recent history of the U.S. economy read a bit like a crime story? Yes, in the hands of Michael Perelman” – Seth Sandronsky, Sacramento News & Review