Deaths of despair and the future of capitalism

The Resource Deaths of despair and the future of capitalism

Label

Deaths of despair and the future of capitalism

Statement of responsibility

Anne Case, Angus Deaton

Language

eng

Summary

"This book documents the decline of white-working class lives over the last half-century and examines the social and economic forces that have slowly made these lives more difficult. Case and Deaton argue that market and political power in the United States have moved away from labor towards capital--as unions have weakened and politics have become more favorable to business, corporations have become more powerful. Consolidation in some American industries, healthcare especially, has brought an increase in monopoly power in some product markets so that it is possible for firms to raise prices above what they would be in a freely competitive market. This, the authors argue, is a major cause of wage stagnation among working-class Americans and has played a substantial role in the increase in deaths of despair. Case and Deaton offer a way forward, including ideas that, even in our current political situation, may be feasible and improve lives"--

Assigning source

Provided by publisher

Cataloging source

PUL

Illustrations

illustrations
maps

Index

index present

Literary form

non fiction

Nature of contents

bibliography

Context

Context of Deaths of despair and the future of capitalism

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Context

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