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Unequal Democracy: The Political Economy of the New Gilded Age


  


 : Unequal Democracy: The Political Economy of the New Gilded Age

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Binding: Hardcover
Dewey Decimal Number: 330.973
EAN: 9780691136639
ISBN: 0691136637
Label: Princeton University Press
Manufacturer: Princeton University Press
Number Of Items: 1
Number Of Pages: 328
Publication Date: April 27, 2008
Publisher: Princeton University Press
Studio: Princeton University Press




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Editorial Review:

Product Description:


Unequal Democracy debunks many myths about politics in contemporary America, using the widening gap between the rich and the poor to shed disturbing light on the workings of American democracy. Larry Bartels shows that increasing inequality is not simply the result of economic forces, but the product of broad-reaching policy choices in a political system dominated by partisan ideologies and the interests of the wealthy.



Bartels demonstrates that elected officials respond to the views of affluent constituents but ignore the views of poor people. He shows that Republican presidents in particular have consistently produced much less income growth for middle-class and working-poor families than for affluent families, greatly increasing inequality. He provides revealing case studies of key policy shifts contributing to inequality, including the massive Bush tax cuts of 2001 and 2003 and the erosion of the minimum wage. Finally, he challenges conventional explanations for why many voters seem to vote against their own economic interests, contending that working-class voters have not been lured into the Republican camp by "values issues" like abortion and gay marriage, as commonly believed, but that Republican presidents have been remarkably successful in timing income growth to cater to short-sighted voters.



Unequal Democracy is social science at its very best. It provides a deep and searching analysis of the political causes and consequences of America's growing income gap, and a sobering assessment of the capacity of the American political system to live up to its democratic ideals.





Customer Reviews
Average Rating:  out of 5 stars

Rating: 5 out of 5 stars - On Spreading the Wealth
In this study Princeton professor Larry Bartels makes the argument that lower- and middle-income groups consistently do better under Democratic administrations than under Republican. During the last sixty years (1948-present) the average annual growth of real GNP was 1.64 percent per capita under Republican presidents and 2.78 percent under Democratic presidents. He shows further that income inequality has gone sharply upward during Republican administrations and slightly downward during Democratic. ... Read More



Rating: 4 out of 5 stars - Everyone Makes More Money When a Democrat is President
A couple of things jumped out for me:

"comparing average annual real pre-tax (1) income growth (%) for families at various points in the income distribution" from 1948-2005:

-- First, everyone made more money under Democratic presidents, although the difference was small for the wealthiest (95th percentile).

-- Under Republicans, the wealthy do a lot better (2.12% increase per year for the 95th percentile) than those with less (0.43% increase for the 20th percentile). ... Read More



Rating: 1 out of 5 stars - Bartel's analysis oversimplifies
It's no coincidence that Larry Bartels is a political scientist -- not an economist. His book purports to show that American economic performance under Democratic administrations has been superior to performance under Republicans, across all income categories.

Apparently, this chart has a lot of liberals very excited. Too bad that it is complete nonsense.

Bartels grossly oversimplifiwa how economic policy actually impacts economic performance. The root of its problem lies in the inane ... Read More



Rating: 5 out of 5 stars - Judgement Day is Here. Vote with your Pocketbook.
The facts stand for themselves outside the realm of Partisan politics. Idealists hate facts. Fanatics hate facts. I Love facts. Whose ideas work the best is what I want. Most Americans would Love to make more money and do better each and every year. Who can argue against that except a suicidal maniac.



Rating: 5 out of 5 stars - Insightful!
"Unequal Democracy" presents the results of a six-year exploration of the political causes and consequences of economic inequality in America. It was inspired by the substantial escalation of this inequality in recent years. Total income going to the top 0.1% of income earners has more than tripled, from 3.2% in the late 1950s to 10.9% in 2005; that going to the top 1% rose from 10.2% to 21.8%. Further, this widening is accelerating. Despite this trend, 80% believe that though you may start out poor, if you ... Read More




 



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