A Fabulous FailureAuthor :
Hardback
Published : Tuesday 12 September 2023
Description
How the Clinton administration betrayed its progressive principles and capitulated to the rightWhen Bill Clinton was elected president in 1992, he ended twelve years of Republican rule and seemed poised to enact a progressive transformation of the US economy, touching everything from health care to trade to labor relations. Yet by the time he left office, the nations economic and social policies had instead lurched dramatically rightward, exacerbating the inequalities so troubling in our own time. This book reveals why Clintons expansive agenda was a fabulous failure, and why its demise still haunts us today. Nelson Lichtenstein and Judith Stein show how the administrations progressive reformers-people like Robert Reich, Ira Magaziner, Laura Tyson, and Joseph Stiglitz-were stymied by a new world of global capitalism that heightened Wall Street influence, undermined domestic manufacturing, and eviscerated the labor movement. Robert Rubin, Larry Summers, and Al Gore proved champions of this financialized world. Meanwhile, Clinton divided his own party when he relied on Republican votes to overhaul welfare, liberalize trade, and deregulate the banking and telecommunications industries. Even the economic boom Clinton ushered in-which tamed unemployment and sent the stock market soaring in what Alan Blinder and Janet Yellen termed a "fabulous decade"-ended with a series of exploding asset bubbles that his neoliberal economic advisors neither foresaw nor prevented. A Fabulous Failure is a study of ideas in action, some powerfully persuasive, others illusionary and self-defeating. It explains why and how the Clinton presidencys progressive statecraft floundered in a world where the labor movement was weak, civil rights forces quiescent, and corporate America ever more powerful.
You may also like ...
by
Hardback
12 Sep 2023
Economic systems and structures
€40.95
Extended stock – Dispatch 5-7 days
by
Paperback
28 Mar 2022
Ophthalmology
€87.74
Extended stock – Dispatch 5-7 days
by
Hardback
07 Oct 2021
Picture storybooks
€15.20
Extended stock – Dispatch 5-7 days
Reviews