Down the up Escalator

Down the up Escalator

How the 99 Percent Live in the Great Recession

Book - 2013
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"An intimate look at the lives of Americans who have been affected, in very different ways, by the 2008 Recession"--
Journalist Barbara Garson shows us the real human cost of our economic follies. The Great Recession has thrown huge economic challenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll. This book is an urgent dispatch from the front lines of our vast collective struggle to keep our heads above water. Garson has interviewed an economically and geographically wide variety of Americans to show the painful waste in all this loss and insecurity, and describe how individuals are coping. Her broader historical focus, though, is on the causes and consequences of the long stagnation of wages and how it has resulted in an increasingly desperate reliance on credit and a series of ever-larger bubbles--stocks, technology, real estate. This is no way to run an economy, or a democracy. This sobering picture of what happens to a society when it becomes economically organized to benefit only the very rich and the quick-buck speculators also demonstrates the wit and resilience of ordinary Americans.--From publisher description.
Publisher: New York : Doubleday, c2013
Edition: 1st ed
Description: 271 p. ; 25 cm
ISBN: 9780385532747
0385532741
Branch Call Number: 339.220973 Gar

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toby65
Jul 23, 2013

The author's old hippie attitudes sometimes get in the way of an otherwise interesting book.

s
StarGladiator
May 31, 2013

Are you certain this author understand the causes for the "Great Recession" (most of us refer to it as The Great Deleveraging, or the Present Depression)? Does it sound as if the author is reframing on behalf of Wall Street? That these "economic follies" just happened "by accident" or were "unintended consequences"? The four publications she has been published in have been highly mediocre over the past decade; have you really learned anything from Van Heuvel's "The Nation" lately? Or "Harper's"?

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