30 August 2011

The End of Loser Liberalism

New book by Dean Baker: The End of Loser Liberalism. The first paragraph of the first chapter is telling: 

"Money does not fall up. Yet the United States has experienced a massive upward redistribution of income over the last three decades, leaving the bulk of the workforce with little to show from the economic growth since 1980. This upward redistribution was not the result of the natural workings of the market. Rather, it was the result of deliberate policy, most of which had the support of the leadership of both the Republican and Democratic parties."

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