Wealth and Democracy by Kevin Phillips (Author)


 

 

 


 

 

Wealth and Democracy : A Political History of the American Rich by Kevin Phillips (Author)

Wealth and Democracy : A Political History of the American Rich by Kevin Phillips (Author)

  • Paperback: 496 pages ; Dimensions (in inches): 1.08 x 9.26 x 6.16
  • Publisher: Broadway; (April 8, 2003)
  • ISBN: 0767905342

Most American conservatives take it as an article of faith that the less governmental involvement in affairs of the market and pocketbook the better. The rich do not, whatever they might say--for much of their wealth comes from the "power and preferment of government." So writes Kevin Phillips, the accomplished historian and one-time Washington insider, in this extraordinary survey of plutocracy, excess, and reform.

"Laissez-faire is a pretense," he argues; as the wealth of the rich has grown, so has its control over government, making politics a hostage of money.

Examining cycles of economic growth and decline from the founding days of the republic to the recent collapse of technology stocks, Phillips dispels notions of trickle-down wealth creation, pricks holes in speculative bubbles, and decries the ever-increasing "financialization" of the economy--all of which, he argues, have served to reduce the well-being of ordinary Americans and government alike.

Highly readable for all its charts and graphs, Phillips's book offers a refreshing--and, of course, controversial--blend of economic history and social criticism.

His conclusions won't please all readers, but just about everyone who comes to his pages will feel hackles rising. --Gregory McNamee

 

Interesting Comparasions, January 6, 2004
 
  Reviewer: A reader from Chapel Hill

This book covers a great deal of history and provides alternative explanations for economic growth after conflict and technological innovation. The comparasion between Spain, Netherlands (Dutch), UK (Britons), and America is very intriguing as well. Since, it provides somewhat comparative examples of past economic giants, which allows the reader to hypthoesize where America is headed in the future.

I recommend anyone just reading that one chapter. In addition, Wealth and Democracy has a different attitude towards globalization that is somewhat protectionist in my opinion. Although, Phillips gives the indication that this is necessary to recoup lost jobs due to outsourcing.

Otherwise, this is a very comprehensive text that covers much business history. Also, it provides reference worthy social stratfication data for any arm chair politician. It's amazing how he found the high dollar income data, which prevades most scholars. I recommend the book, but die-hard conservatives won't get a Darwinism fix.

So you won't see it on the National Review suggestion list. Similiarly, the seat of the pants extreme liberals won't see radicalism get out of hand. It's a book for people in middle, even though all reasonable people can enjoy it.
 

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Books by Kevin Phillips

American Dynasty by Kevin Phillips (Author)
American Dynasty by Kevin Phillips (Author)

Wealth and Democracy : A Political History of the American Rich by Kevin Phillips (Author)
Wealth and Democracy by Kevin Phillips (Author)

The Cousins' Wars by Kevin Phillips (Author)
The Cousins' Wars by Kevin Phillips (Author)

Kevin Phillips Book Title List

 

 

 

 

 

 

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Authors:

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