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  • The Captured Economy: How the Powerful Become Richer, Slow Down Growth, and Increase Inequality

    The Captured Economy by Lindsey, Brink; Teles, Steven;

    How the Powerful Become Richer, Slow Down Growth, and Increase Inequality

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    A termék adatai:

    • Kiadó OUP USA
    • Megjelenés dátuma 2017. december 21.

    • ISBN 9780190627768
    • Kötéstípus Keménykötés
    • Terjedelem232 oldal
    • Méret 147x211x27 mm
    • Súly 386 g
    • Nyelv angol
    • 0

    Kategóriák

    Rövid leírás:

    In The Captured Economy, Brink Lindsey and Steven M. Teles identify a new culprit for increasing inequality: the government-corporate sector nexus. They explain why the perverted form of governance that this alliance has created subverts the goals of egalitarian-minded policymakers and suggest feasible policies to correct the problem.

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    Hosszú leírás:

    The relentless increase of inequality in twenty-first century America has confounded analysts from both ends of the political spectrum. While many can point to particular contributing causes, so far none of the policies that have been enacted-not just in the United States but in other advanced countries-have been able to lessen the wealth and income gaps between the top decile and the rest.

    Critics on the left are more forceful critics of rising inequality, and they tend to blame capitalism and the private sector. Predictably, they see solutions in government action. Many on the right worry about the issue, too, but they come from a position that is more sanguine about corporations and more suspicious of government. But as the libertarian Brink Lindsey and the liberal Steve Teles argue in The Captured Economy, perhaps all of us-left, right, and center-are looking in the wrong places for culprits and solutions. They hone in on the government-corporate sector nexus, apportioning blame not only to both forces but also to the distorted form of governance that this partnership has created. Through armies of lobbyists, corporations and the wealthy have become remarkably adept at shaping policy-even ostensibly progressive policies-so that the field is tilted in their favor. Corporations have become classic 'rentiers,' using their monopoly power of influence over highly complicated legislative and regulatory processes to shift resources in their direction. FCC policy, health care regulation, banking regulation, labor policy, defense spending, and much more: in all of these arenas, well-resourced corporate rentiers have combined to ensure that the government favors them over everyone else. The perverse result is a state that shifts more and more wealth to the already-rich-even if that was never the initial intent of Congress, the President, or the electorate itself. Transforming this misshapen alliance will be difficult, and Lindsey and Teles are realistic about the chances for reform. To that end, they close with a set of reasonable policy proposals that can help to reduce corporate rentiers' scope and power to extract excessive rents via government policy. A powerful, original, and genuinely counterintuitive interpretation of the forces driving the increase in inequality, The Captured Economy will be necessary reading for anyone concerned about the rising social and economic divisions in contemporary America.

    Recommended.

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    Tartalomjegyzék:

    Chapter One: The Paradox of Stagnation and Exploding Inequality
    Chapter Two: Why Rents Matter
    Chapter Three: Finance
    Chapter Four: Intellectual Property
    Chapter Five: Occupational Protection
    Chapter Six: Land Use
    Chapter Seven: The Macropolitics of Regressive Stagnation
    Chapter Eight: The Politics of Breaking Regressive Stagnation
    Chapter Nine: Conclusion

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