The Rich Dont Always Win

The Occupy Wall Street protests have captured America's political imagination. Polls show that two-thirds of the nation now believe that America's enormous wealth ought to be "distributed more evenly." However, almost as many Americans--well over half--feel the protests will ultimately have "little impact" on inequality in America. What explains this disconnect? Most Americans have resigned themselves to believing that the rich simply always get their way. Except they don't. A century ago, the United States hosted a super-rich even more domineering than ours today. Yet fifty years later, that super-rich had almost entirely disappeared. Their majestic mansions and estates had become museums and college campuses, and America had become a vibrant, mass middle class nation, the first and finest the world had ever seen. Americans today ought to be taking no small inspiration from this stunning change. After all, if our forbears successfully beat back grand fortune, why can't we? But this transformation is inspiring virtually no one. Why? Because the story behind it has remained almost totally unknown, until now. This lively popular history will speak directly to the political hopelessness so many Americans feel. By tracing how average Americans took down plutocracy over the first half of the 20th Century--and how plutocracy came back-- The Rich Don't Always Win will outfit Occupy Wall Street America with a deeper understanding of what we need to do to get the United States back on track to the American dream.

A “brilliant” (The Washington Post), “clear-eyed and incisive” (The New Republic) analysis of how the wealthiest group in American society is making life miserable for everyone—including themselves. In 21st-century America, the top 0.1% of the wealth distribution have walked away with the big prizes even while the bottom 90% have lost ground. What’s left of the American Dream has taken refuge in the 9.9% that lies just below the tip of extreme wealth. Collectively, the members of this group control more than half of the wealth in the country—and they are doing whatever it takes to hang on to their piece of the action in an increasingly unjust system. They log insane hours at the office and then turn their leisure time into an excuse for more career-building, even as they rely on an underpaid servant class to power their economic success and satisfy their personal needs. They have segregated themselves into zip codes designed to exclude as many people as possible. They have made fitness a national obsession even as swaths of the population lose healthcare and grow sicker. They have created an unprecedented demand for admission to elite schools and helped to fuel the dramatic cost of higher education. They channel their political energy into symbolic conflicts over identity in order to avoid acknowledging the economic roots of their privilege. And they have created an ethos of “merit” to justify their advantages. They are all around us. In fact, they are us—or what we are supposed to want to be. In this “captivating account” (Robert D. Putnam, author of Bowling Alone), Matthew Stewart argues that a new aristocracy is emerging in American society and it is repeating the mistakes of history. It is entrenching inequality, warping our culture, eroding democracy, and transforming an abundant economy into a source of misery. He calls for a regrounding of American culture and politics on a foundation closer to the original promise of America.

A book for this moment: Both an assessment of our current political leadership and a vision of those who can bring substantive change. Who are the new progressive leaders emerging to lead the post-Trump return to democracy in America? National political correspondent and award-winning author D.D. Guttenplan's The Next Republic is an extraordinarily intense and wide-ranging account of the recent fall and incipient rise of democracy in America. The Next Republic profiles nine successful activists who are changing the course of American history right now: • new labor activist and author Jane McAlevey • racial justice campaigner (and mayor of Jackson, Mississippi) Chokwe Antar Lumumba • environmental activist (and newly elected chair of the Nebraska Democratic Party) Jane Kleeb • Chicago’s first openly gay Latino public official Carlos Ramirez-Rosa • #ALLOFUS co-founder Waleed Shahid • young architects of Bernie Sanders amazing rise, digerati Corbin Trent and Zack Exley, founders of Brand New Congress • and author and anti-corruption crusader Zephyr Teachout. Additionally, the introduction to The Next Republic ties in the election and first year of the Trump presidency to the current rise of populism of the left, and there are three historical chapters that describe key moments in American history that shed light on current events: the Whiskey Rebellion, the Lincoln Republic, and the Roosevelt Republic. Guttenplan understands the magnitude of the problem of democracy, and at the same time the great possibilities for its resurgence. Like a cross between George Packer's The Unwinding and John F. Kennedy's Profiles in Courage, The Next Republic is both unyielding and deeply hopeful, the first book to come out of the Trump ascendency that stakes a claim for seeing beyond it.

This book explains why America can realize the civil rights dream in the 21st century—if U.S. citizens take actions as individuals as well as work together for equality. It has been more than 53 years since Martin Luther King Jr. made his "I Have a Dream" speech. Why has the United States still not been able to make King's dream a reality after a half a century of effort and progress? Is there still hope of full participation for all in America? In Realizing the Civil Rights Dream: Diagnosing and Treating American Racism, author Kenneth B. Bedell proposes a civil rights dream that grows out of American history and speaks to the 21st-century reality. He makes the case that by adopting a larger perspective of the role of racism in preserving U.S. social, cultural, economic, and political institutions and practices, Americans can understand why it has been so difficult to fulfill the promises of the 1960s civil rights dream. Bedell describes and applies sociological theories that serve to explain why racism is still prevalent in the United States and identifies the steps that are necessary to overcome racism. The book concludes with proposals for ways to apply social science to realize the civil rights dream and examples of how individuals can take action to make a difference.

Even as inequalities widen, the effects of austerity deepen, and the consequences of recession linger, in many countries the wealth of the rich has soared. Why We Can't Afford the Rich exposes the unjust and dysfunctional mechanisms that allow the top 1% to siphon off wealth produced by others through the control of property and money. Leading social scientist Andrew Sayer shows how over the past three decades the rich worldwide have increased their ability to hide their wealth, create indebtedness, and expand their political influence. Aimed at all engaged citizens, this important and accessible book uses simple distinctions to burst the myth of the rich as especially talented wealth creators. But more than this, as the risk of runaway climate change grows, it shows how the rich are threatening the planet by banking on unsustainable growth. Forcefully arguing that the crises of economy and climate can only be resolved by radical change, Sayer makes clear that we must make economies sustainable, fair, and conducive to well being for all.

"Survival of the Richest is a fantastically well-researched book, and should join Robert Reich and Barbara Ehrenreich on the must-read bookshelf on wealth disparity."—Dr. Naomi Wolf, CEO, Dailyclout.io A fresh look at economic inequality in America Survival of the Richest scrutinizes how the collective wealth of America has been channeled from the poor and middle class into the hands of a few elitists. American industry has been gutted, with wages and benefits stagnant or reduced, thanks to a disastrous trade deals, outsourcing, and the crippling of unions. The Occupy Wall Street movement, and the presidential campaigns of both Bernie Sanders and Donald Trump, reveals how more and more people who are struggling understand that the system is rigged against them. While Americans have been trained to direct their scorn at welfare recipients and the poor in general, a tiny handful of plutocratic elites have profited on an unfathomable scale through corporate welfare and other perks. Unimaginable salaries and bonuses for the One Percent, contrasted by layoffs and reduced pay for the majority of the workforce, along with increasing calls for austerity measures and lowered standards of living, has become the “new normal” in America. Donald Jeffries argues that this record economic inequality is more than an unintended consequence of globalism. In Survival of the Richest, he shows how the consolidation of wealth may well prove to be the greatest conspiracy of all.

Reveals how to actually speed up and maximize the return on investments to achieve total financial independence.

"Originally published in 2010 in the United States by London House Press. This edition issued based on the hardcover edition published in 2014 in the United States by Simple Truths, an imprint of Sourcebooks"--Title page verso.

Lobbyist, White House Lawyer, and Senate Aide on the Power of America’s Plutocracy to Avoid Prosecution and Subvert Financial Reform Beginning in January 2009, THE PAYOFF lays bare Washington’s culture of power and plutocracy. It’s the story of the twenty-month struggle by Senator Ted Kaufman and Jeff Connaughton, his chief of staff, to hold Wall Street executives accountable for securities fraud, to stop stock manipulation by high-frequency traders, and to break up too-big-to-fail megabanks. This book takes us inside their dogged crusade against institutional inertia and industry influence as they encounter an outright reluctance by the Obama administration, the Justice Department, and the Securities and Exchange Commission to treat Wall Street crimes with the gravity they deserve. On financial reforms, Connaughton criticizes Democrats for relying on the very Wall Street technocrats who had failed to prevent the crisis and Republicans for staunchly opposing real reforms primarily to enjoy a golden opportunity to siphon fundraising dollars from the Wall Street executives who had raised millions to elect Barack Obama president. Connaughton, a former lawyer in the Clinton White House, illuminates the pivotal moments and key decisions in the fight for financial reform that have gone largely unreported. His arch, nonpartisan account chronicles the reasons why Wall Street’s worst offenses were left unpunished, and why it’s likely that the 2008 debacle will happen again.

From the author of Bowling Alone and Our Kids, a “sweeping yet remarkably accessible” (The Wall Street Journal) analysis that “offers superb, often counterintuitive insights” (The New York Times) to demonstrate how we have gone from an individualistic “I” society to a more communitarian “We” society and then back again, and how we can learn from that experience to become a stronger, more unified nation. Deep and accelerating inequality; unprecedented political polarization; vitriolic public discourse; a fraying social fabric; public and private narcissism—Americans today seem to agree on only one thing: This is the worst of times. But we’ve been here before. During the Gilded Age of the late 1800s, America was highly individualistic, starkly unequal, fiercely polarized, and deeply fragmented, just as it is today. However as the twentieth century opened, America became—slowly, unevenly, but steadily—more egalitarian, more cooperative, more generous; a society on the upswing, more focused on our responsibilities to one another and less focused on our narrower self-interest. Sometime during the 1960s, however, these trends reversed, leaving us in today’s disarray. In a sweeping overview of more than a century of history, drawing on his inimitable combination of statistical analysis and storytelling, Robert Putnam analyzes a remarkable confluence of trends that brought us from an “I” society to a “We” society and then back again. He draws inspiring lessons for our time from an earlier era, when a dedicated group of reformers righted the ship, putting us on a path to becoming a society once again based on community. Engaging, revelatory, and timely, this is Putnam’s most ambitious work yet, a fitting capstone to a brilliant career.