Revolt of the Rich: How the Politics of the 1970s Widened America's Class Divide
Inequality in the United States has reached staggering proportions, with a massive share of wealth held by the very richest. How was such a dramatic shift in favor of a narrow elite possible in a democratic society? David N. Gibbs explores the forces that shaped the turn toward free market economics...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Columbia University Press
[2024]
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| Schlagworte: | |
| Online-Zugang: | DE-Aug4 URL des Erstveröffentlichers |
| Zusammenfassung: | Inequality in the United States has reached staggering proportions, with a massive share of wealth held by the very richest. How was such a dramatic shift in favor of a narrow elite possible in a democratic society? David N. Gibbs explores the forces that shaped the turn toward free market economics and wealth concentration and finds their roots in the 1970s. He argues that the political transformations of this period resulted from a "revolt of the rich," whose defense of their class interests came at the expense of the American public.Drawing on extensive archival research, Gibbs examines how elites established broad coalitions that brought together business conservatives, social traditionalists, and militarists. At the very top, Richard Nixon's administration quietly urged corporate executives to fund conservative think tanks and seeded federal agencies with free-market economists. Even Jimmy Carter's ostensibly liberal administration brought deregulation to the financial sector along with the imposition of severe austerity measures that hurt the living standards of the working class. Through a potent influence campaign, academics and intellectuals sold laissez-faire to policy makers and the public, justifying choices to deregulate industry, cut social spending, curb organized labor, and offshore jobs, alongside expanding military interventions overseas.Shedding new light on the political alliances and policy decisions that tilted the playing field toward the ultrawealthy, Revolt of the Rich unveils the origins of today's stark disparities |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Aug 2024) |
| Beschreibung: | 1 Online-Ressource |
| ISBN: | 9780231556224 |
| DOI: | 10.7312/gibb20590 |
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| 520 | |a Inequality in the United States has reached staggering proportions, with a massive share of wealth held by the very richest. How was such a dramatic shift in favor of a narrow elite possible in a democratic society? David N. Gibbs explores the forces that shaped the turn toward free market economics and wealth concentration and finds their roots in the 1970s. He argues that the political transformations of this period resulted from a "revolt of the rich," whose defense of their class interests came at the expense of the American public.Drawing on extensive archival research, Gibbs examines how elites established broad coalitions that brought together business conservatives, social traditionalists, and militarists. At the very top, Richard Nixon's administration quietly urged corporate executives to fund conservative think tanks and seeded federal agencies with free-market economists. Even Jimmy Carter's ostensibly liberal administration brought deregulation to the financial sector along with the imposition of severe austerity measures that hurt the living standards of the working class. Through a potent influence campaign, academics and intellectuals sold laissez-faire to policy makers and the public, justifying choices to deregulate industry, cut social spending, curb organized labor, and offshore jobs, alongside expanding military interventions overseas.Shedding new light on the political alliances and policy decisions that tilted the playing field toward the ultrawealthy, Revolt of the Rich unveils the origins of today's stark disparities | ||
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| spelling | Gibbs, David Verfasser aut Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide David Gibbs New York, NY Columbia University Press [2024] 2024 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Aug 2024) Inequality in the United States has reached staggering proportions, with a massive share of wealth held by the very richest. How was such a dramatic shift in favor of a narrow elite possible in a democratic society? David N. Gibbs explores the forces that shaped the turn toward free market economics and wealth concentration and finds their roots in the 1970s. He argues that the political transformations of this period resulted from a "revolt of the rich," whose defense of their class interests came at the expense of the American public.Drawing on extensive archival research, Gibbs examines how elites established broad coalitions that brought together business conservatives, social traditionalists, and militarists. At the very top, Richard Nixon's administration quietly urged corporate executives to fund conservative think tanks and seeded federal agencies with free-market economists. Even Jimmy Carter's ostensibly liberal administration brought deregulation to the financial sector along with the imposition of severe austerity measures that hurt the living standards of the working class. Through a potent influence campaign, academics and intellectuals sold laissez-faire to policy makers and the public, justifying choices to deregulate industry, cut social spending, curb organized labor, and offshore jobs, alongside expanding military interventions overseas.Shedding new light on the political alliances and policy decisions that tilted the playing field toward the ultrawealthy, Revolt of the Rich unveils the origins of today's stark disparities In English POLITICAL SCIENCE / History & Theory bisacsh Conservatism United States History 20th century Deindustrialization United States History 20th century Rich people United States History 20th century Wealth United States History 20th century https://doi.org/10.7312/gibb20590 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Gibbs, David Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide POLITICAL SCIENCE / History & Theory bisacsh Conservatism United States History 20th century Deindustrialization United States History 20th century Rich people United States History 20th century Wealth United States History 20th century |
| title | Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide |
| title_auth | Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide |
| title_exact_search | Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide |
| title_full | Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide David Gibbs |
| title_fullStr | Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide David Gibbs |
| title_full_unstemmed | Revolt of the Rich How the Politics of the 1970s Widened America's Class Divide David Gibbs |
| title_short | Revolt of the Rich |
| title_sort | revolt of the rich how the politics of the 1970s widened america s class divide |
| title_sub | How the Politics of the 1970s Widened America's Class Divide |
| topic | POLITICAL SCIENCE / History & Theory bisacsh Conservatism United States History 20th century Deindustrialization United States History 20th century Rich people United States History 20th century Wealth United States History 20th century |
| topic_facet | POLITICAL SCIENCE / History & Theory Conservatism United States History 20th century Deindustrialization United States History 20th century Rich people United States History 20th century Wealth United States History 20th century |
| url | https://doi.org/10.7312/gibb20590 |
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