Winner-take-all Politics: How Washington Made T... Here
While labor unions and middle-class advocacy groups declined, corporate interests organized into powerful lobbying machines.
This political muscle led to deregulated financial markets, tax cuts for the hyper-wealthy, and a system where "banks are organized; their customers are not". Winner-Take-All Politics: How Washington Made t...
Elite interests didn't always need to pass new laws. Often, they just had to block updates to old ones—a tactic called "drift"—letting inflation and market changes erode middle-class protections like the minimum wage or labor laws. Often, they just had to block updates to
For decades, Americans were told that rising inequality was an inevitable result of —the idea that computers and globalization naturally reward the highly educated while leaving others behind. However, the authors argue that this "suspect" has an alibi. If technology were the only cause, we would see similar inequality spikes in all advanced nations, yet the U.S. remains a stark outlier. The Investigation: The "Yachts vs. Dinghies" Economy If technology were the only cause, we would
Instead of a rising tide lifting all boats, they describe an economy where "yachts are rising, but dinghies are largely staying put". The Culprit: Organized Politics
In their book , political scientists Jacob S. Hacker and Paul Pierson present a "detective story" that investigates why American economic inequality has skyrocketed since the late 1970s. The Central Mystery: Who Stole the Middle-Class Dream?