THE NEW ECONOMIC POPULISM

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The New Economic Populism

Author : William Franko
ISBN : 9780190671013
Genre : Political Science
File Size : 40.32 MB
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Donald Trump's 2016 victory shocked the world, but his appeals to the economic discontent of the white working class should not be so surprising, as stagnant wages for the many have been matched with skyrocketing incomes for the few. Though Trump received high levels of support from the white working class, once in office, the newly elected billionaire president appointed a cabinet with a net worth greater than one-third of American households combined. Furthermore, he pursued traditionally conservative tax, welfare state and regulatory policies, which are likely to make economic disparities worse. Nevertheless, income inequality has grown over the last few decades almost regardless of who is elected to the presidency and congress. There is a growing consensus among scholars that one of the biggest drivers of income inequality in the United States is government activity (or inactivity). Just as the New Deal and Great Society programs played a key role in leveling income distribution from the 1930s through the 1970s, federal policy since then has contributed to expanding inequality. Growing inequality bolsters the resources of the wealthy leading to greater influence over policy, and it contributes to partisan polarization. Both prevent the passage of policy to address inequality, creating a continuous feedback loop of growing inequality. The authors of this book argue that it is therefore misguided to look to the federal government, as citizens have tended to do since the New Deal, to lead on economic policy to "fix" inequality. In fact, they argue that throughout American history, during periods of rapid economic change the federal government has been stymied by the federal institutional design created by the Constitution. The winners of economic change have taken advantage of veto points to prevent change that would address the problems experienced by the losers of major economic change. Even the New Deal, in many ways the model of federal policy activism, was largely borrowed from policies created in the state "laboratories of democracy" in the preceding years and decades. The authors argue that in the current crisis of growing inequality we are seeing a similar dynamic and demonstrate that many states are actively addressing economic inequality. William Franko and Christopher Witko argue that the states that will address inequality are not necessarily those with the greatest objective inequality, but those where citizens are aware of growing inequality, where left-leaning politicians hold power, where unions are strong, and where the presence of direct democracy allow for more majoritarian public policy outcomes. In the empirical chapters Franko and Witko examine how these factors have shaped policies that boosted incomes at the bottom (the minimum wage and the Earned Income Tax Credit) and reduce incomes at the top (with top marginal tax rates) between 1987 and 2010. The authors argue that, if history is a guide, increasingly egalitarian policies at the state level will spread to other states and, eventually, to the federal level, setting the stage for a more equitable future.
Category: Political Science

The Macroeconomics Of Populism In Latin America

Author : Rudiger Dornbusch
ISBN : 0226158489
Genre : Business & Economics
File Size : 77.58 MB
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Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.
Category: Business & Economics

Blue Dixie

Author : Bob Moser
ISBN : 142992960X
Genre : Political Science
File Size : 55.31 MB
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A powerful case for a new Southern strategy for the Democrats, from an award-winning reporter and native Southerner In 2000 and 2004, the Democratic Party decided not to challenge George W. Bush in the South, a disastrous strategy that effectively handed Bush more than half of the electoral votes he needed to win the White House. As the 2008 election draws near, the Democrats have a historic opportunity to build a new progressive majority, but they cannot do so without the South. In Blue Dixie, Bob Moser argues that the Democratic Party has been blinded by outmoded prejudices about the region. Moser, the chief political reporter for The Nation, shows that a volatile mix of unprecedented economic prosperity and abject poverty are reshaping the Southern vote. With evangelical churches preaching a more expansive social gospel and a massive left-leaning demographic shift to African Americans, Latinos, and the young, the South is poised for a Democratic revival. By returning to a bold, unflinching message of economic fairness, the Democrats can win in the nation's largest, most diverse region and redeem themselves as a true party of the people. Keenly observed and deeply grounded in contemporary Southern politics, Blue Dixie reveals the changing face of American politics to the South itself and to the rest of the nation.
Category: Political Science

Economic Reforms In New Democracies

Author : Luiz Carlos Bresser Pereira
ISBN : 0521438454
Genre : Political Science
File Size : 87.14 MB
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In this book the authors assess the experiences of transition in Southern Europe, Latin America and Eastern Europe in order to determine what the conditions for successful transitions are. They argue against the "big bang" approach, espoused by many advisors to reforming countries, on the grounds that this approach bypasses the newly formed institutions of democracy that ultimately may undermine the necessary consensus to support painful economic reforms. The most successful reforms, they argue, have been those agreed upon through a process of democratic negotiation. A new democracy must offer politically important groups incentives to process their demands within the democratic institutional framework; otherwise, their support will be tenuous and the system may collapse under the strains incurred by painful economic reforms.
Category: Political Science

Creating The Modern South

Author : Douglas Flamming
ISBN : 9780807861462
Genre : History
File Size : 77.51 MB
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In Creating the Modern South, Douglas Flamming examines one hundred years in the life of the mill and the town of Dalton, Georgia, providing a uniquely perceptive view of Dixie's social and economic transformation. "Beautifully written, it combines the rich specificity of a case study with broadly applicable synthetic conclusions.--Technology and Culture "A detailed and nuanced study of community development. . . . Creating the Modern South is an important book and will be of interest to anyone in the field of labor history.--Journal of Economic History "A rich and provocative study. . . . Its major contribution to our knowledge of the South is its careful account of the evolution and collapse of mill culture.--Journal of Southern History "Ambitious, and at times provocative, Creating the Modern South is a well-researched, highly readable, and engaging book.--Journal of American History
Category: History

Servants Of Wealth

Author : John Ehrenberg
ISBN : 074254205X
Genre : Business & Economics
File Size : 58.29 MB
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This Spanish-language edition of an award-winning short story collection for young adults depicts bicultural teens grappling with "fitting in."
Category: Business & Economics

Economic Development And Global Crisis

Author : José Luís Cardoso
ISBN : 9781136735608
Genre : Business & Economics
File Size : 85.88 MB
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This edited collection uses a history of economic thought perspective to explore the evolving role of Latin America within the context of globalization. In particular, it examines the region’s resilience in the face of the global financial crisis. Economic Development and Global Crisis explains that Latin America is a region with distinct characteristics and peculiarities which have been shaped from the colonial era up to the present day. The contributions suggest that several features which were perceived as economic backwardness have turned out to be advantageous, and this may explain why Latin America is withstanding the crisis much better than Europe, Japan and the USA. This book will be of interest to scholars working in the areas of economic development, economic history, the history of economic thought and Latin American studies.
Category: Business & Economics

Peasants Populism And Postmodernism

Author : Dr Tom Brass
ISBN : 9781136325298
Genre : History
File Size : 65.31 MB
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Tracing the way in which the agrarian myth has emerged and re-emerged over the past century in ideology shared by populism, postmodernism and the political right, the argument in this book is that at the centre of this discourse about the cultural identity of 'otherness'/ 'difference' lies the concept of and innate 'peasant-ness'. In a variety of contextually-specific discursive forms, the 'old' populism of the 1890s and the nationalism and fascism in Europe, America and Asia during the 1920s and 1930s were all informed by the agrarian myth. The postmodern 'new' populism and the 'new' right, both of which emerged after the 1960s and consolidated during the 1990s, are also structured discursively by the agrarian myth, and with it the ideological reaffirmation of peasant essentialism.
Category: History

The New Kings Of Nonfiction

Author : Ira Glass
ISBN : 9781440620782
Genre : Social Science
File Size : 82.71 MB
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A collection of stories-some well known, some more obscure- capturing some of the best storytelling of this golden age of nonfiction. An anthology of the best new masters of nonfiction storytelling, personally chosen and introduced by Ira Glass, the producer and host of the award-winning public radio program This American Life. These pieces-on teenage white collar criminals, buying a cow, Saddam Hussein, drunken British soccer culture, and how we know everyone in our Rolodex-are meant to mesmerize and inspire.
Category: Social Science

Populism And Crisis Politics In Greece

Author : T. Pappas
ISBN : 9781137410580
Genre : Political Science
File Size : 89.22 MB
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Exploring the negative effects of populism, this study presents an original explanation of Greece's current political and economic failures. It argues that the sovereign debt crisis only exacerbated the malfunctioning of a democracy long ago contaminated by populist politics while also offering a more general insight into the impact of populism
Category: Political Science