prosperity

For seven years, journalist and New Yorker writer Eliza Griswold reported and wrote the story of how fracking in southwestern Pennsylvania’s Marcellus Shale forever altered the lives of Stacey Haney, her daughter, Paige and her son, Harley. Griswold’s book, “Amity and Prosperity: One Family and the Fracturing of America,” just received the Pulitzer Prize for general nonfiction.

We live in a world where twenty-six billionaires own as much wealth as half the planet's population. The extractive economy we live with now enables the financial elite to squeeze out maximum gain for themselves, heedless of damage to people or planet.

At a time when competing political visions are at stake the world over, "The Making of a Democratic Economy: How to Build Prosperity for the Many, Not the Few" urges a move beyond tinkering at the margins to address the systemic crisis of our economy.

Marjorie Kelly is the executive vice president and senior fellow at the Democracy Collaborative. She is the author of "The Divine Right of Capital" and "Owning Our Future." Her co-author on the book is Ted Howard, the cofounder and the president of the Democracy Collaborative. The Collaborative works to carry out a vision of a new economic system where shared ownership and control creates more equitable and inclusive outcomes, fosters ecological sustainability, and promotes flourishing democratic and community life.

Prosperity Now

A new study by economic advocacy group Prosperity Now says millions of Americans live under a cloud of financial uncertainty , most of us one missed paycheck away from poverty.

William I. Hitchcock is a professor of history at the University of Virginia and the Randolph Compton Professor at the Miller Center for Public Affairs.

In a 2017 survey, presidential historians ranked Dwight D. Eisenhower fifth on the list of great presidents, behind the perennial top four: Lincoln, Washington, Franklin D. Roosevelt, and Teddy Roosevelt. In his new book, "The Age of Eisenhower: America and the World in the 1950s," historian William Hitchcock shows that this high ranking is justified. Eisenhower’s accomplishments were enormous, and loom ever larger from the vantage point of our own tumultuous times.

Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong.
 
In this unprecedented deep dive, McMahon shows how, lurking behind the illusion of prosperity, China’s economic growth has been built on a staggering mountain of debt. While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system, have all become a regular fixture in the press in recent years, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it.

Dinny McMahon's spent more than a decade in China as a journalist covering the Chinese economy and financial systems for the Wall Street Journal and for the Dow Jones News Service. A native Australian, he is fluent in Mandarin. McMahon wrote China’s Great Wall of Debt while a fellow at the Woodrow Wilson International Center for Scholars in Washington DC. His new book is "China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle."

Thomas A. Kochan, is the George M. Bunker Professor of Work and Employment Relations at MIT's Sloan School of Management and Co-Director of the MIT Institute for Work and Employment Research.

"Shaping the Future of Work" lays out a comprehensive strategy for changing the course the American economy and employment system have been on for the past 30 years. The goal is to create more productive businesses that also provide good jobs and careers and by doing so build a more inclusive economy and broadly shared prosperity. This will require workers to acquire new sources of bargaining power and for business, labor, government, and educators to work together to meet the challenges and opportunities facing the next generation workforce.

In his new book, A Generation of Sociopaths, author Bruce Cannon Gibney looks to show how America was hijacked by Baby Boomers, a generation, he believes, whose reckless self-indulgence degraded the foundations of American prosperity. A former partner in a leading venture capital firm, Gibney examines the policies of the most powerful generation in modern history, saying Boomers enriched themselves at the expense of future generations.

Gibney says acting without empathy, prudence, or respect for facts--acting, in other words, as sociopaths--the Boomers turned American dynamism into stagnation, inequality, and bipartisan fiasco. Gibney argues that younger generations have a window to hold the Boomers accountable and begin restoring America.

Bruce Gibney is a writer and venture capitalist, working at a hedge fund and as a partner at one of Silicon Valley’s leading venture firms, Founders Fund. 

  In Winner-Take-All Politics, Jacob S. Hacker and Paul Pierson explained how political elites have enabled and propelled plutocracy.

Now in American Amnesia, they trace the economic and political history of the United States over the last century and show how a viable mixed economy has long been the dominant engine of America’s prosperity.