It Could Happen Here

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Last edited by ImportBot
February 25, 2022 | History

It Could Happen Here

The severe economic downturn has been blamed on many things: deregulation, derivatives, greedy borrowers, negligent lenders. But could there be a deeper problem that is so severe, so long-lasting, and so dangerous that it makes these problems look like minor swerves in the road? Could we be facing an existential challenge to the promise of America, and to our system of government?Inequality in America has reached historical highs. Throughout human history, this level of disparity has proven intolerable, almost always leading to political upheaval. Though many believe that America will never face a second revolution, that our politics are stable, in It Could Happen Here, Yale School of Management senior faculty fellow Bruce Judson makes the case that revolution is a real possibility here, driven by a thirty-year, unprecedented rise of inequality through six presidencies, three Fed chairmen, three recessions, and many years of expansion.The last time inequality rivaled current levels was in 1928, just before the Crash and the Great Depression. Today we are in worse shape, divided into a tiny plutocracy of super-rich, on the one hand, and a fragile, indebted, unprotected "former middle class" on the other. As Judson shows, revolutions can occur suddenly, as happened with the Soviet Union's 1991 dissolution, and America today exhibits the central precursors to a collapse-extreme economic inequality and an increasingly impoverished middle class. He makes the most disturbing case yet for why our economics are leading us inevitably toward a devastating crisis. When Franklin Roosevelt faced a similar situation, he was saved by World War II. This time, the conflict may be at home, not abroad.

Publish Date
Publisher
HarperCollins
Language
English

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Previews available in: English

Edition Availability
Cover of: It could happen here
It could happen here: America on the brink
2009, Harper
in English - 1st ed.
Cover of: It Could Happen Here
It Could Happen Here
2009, HarperCollins
Electronic resource in English

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Book Details


Edition Notes

Published in
New York

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL24272455M
ISBN 13
9780061959653
OCLC/WorldCat
525289468
OverDrive
F87DE41F-EEFB-4A21-9318-E81197C90D4B

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Download catalog record: RDF / JSON / OPDS | Wikipedia citation
February 25, 2022 Edited by ImportBot import existing book
July 31, 2012 Edited by VacuumBot Updated format 'electronic resource' to 'Electronic resource'
April 27, 2011 Edited by OCLC Bot Added OCLC numbers.
June 19, 2010 Edited by ImportBot Added new cover
June 18, 2010 Created by ImportBot Imported from marc_overdrive MARC record