Inequality, Boom, and Bust

This book examines the deep economic inequality in America, challenging conservative views and proposing progressive solutions for a more equitable society.

In Inequality, Boom, and Bust, the authors delve into the profound disparity between the wealth of the top one percent and the rest of the American population. They present a compelling argument that challenges the traditional conservative narrative, which often attributes economic inequality to individual traits such as intelligence and diligence. Instead, this book emphasizes that the roots of inequality are deeply embedded in the structures and operations of capitalist institutions. By analyzing the distribution of wealth, the authors reveal that the richest one percent hold a staggering 42 percent of all wealth, while the lower half of the income spectrum possesses a mere 2 percent.

The exploration goes beyond mere statistics; it investigates the cyclical nature of economic booms and busts, shedding light on the political and social factors that conservative economists frequently overlook. The authors argue that these elements play a significant role in perpetuating economic disparities. Moreover, they highlight how wealth not only shapes economic outcomes but also influences political policies, exacerbating inequality further.

Through a thorough examination of American political and economic systems, Inequality, Boom, and Bust offers actionable strategies for progressive change. The authors advocate for initiatives such as free healthcare and education, alongside measures to reduce unemployment, aiming to create a more equitable society. Their call to action is a thought-provoking invitation to rethink the current economic landscape and strive for a fairer distribution of wealth.