Paperback: 254 pages
Publisher: The New Press; Revised Edition edition (October 17, 2005)
Language: English
ISBN-10: 1595580158
ISBN-13: 978-1595580153
Product Dimensions: 7.5 x 0.7 x 9.2 inches
Shipping Weight: 1.3 pounds (View shipping rates and policies)
Average Customer Review: 3.8 out of 5 stars See all reviews (13 customer reviews)
Best Sellers Rank: #428,343 in Books (See Top 100 in Books) #22 in Books > Business & Money > Economics > Unemployment #113 in Books > Business & Money > Economics > Income Inequality #691 in Books > Politics & Social Sciences > Politics & Government > Specific Topics > Political Economy
Co-authors Chuck Collins and Felice Yeskel discuss the widening gap between America's rich and poor, and why it's in our interest to pay attention.With clarity and conviction, Economic Apartheid In America details the reasons for this country's increasing disparity between the wealthiest and everyone else. It begins with a discussion of the societal risks economic inequality poses, including a decrease in family security, threats to our democratic institutions, and the decay of social cohesion. The book indicates that families in all but the highest earning brackets face declining real incomes, increasing personal debt, a virtual disappearance in both retirement and personal savings, and unavailable or unaffordable health care coverage. In addition, education and child care costs are on the rise and the federal minimum wage is so outdated it can no longer realistically keep a family of four above the poverty line.The authors explain how high concentrations of wealth place excessive power in the hands of too few, primarily through political influence and corporate disenfranchisement of workers. This has resulted in an uneven playing field on which the wealthiest individuals and corporations enjoy higher income, numerous tax breaks, and greater returns on investment, while the poorest are expected to bear higher living costs, declining income, and an ever-increasing tax burden. The book also discusses the persistent disparities in earning power for minorities and women.Collins and Yeskel point out that it wasn't always this way.
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