Winner-Take-All Politics

Winner-Take-All Politics

By Jacob S. Hacker, and Paul Pierson
$17.99
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““How can hedge-fund managers who are pulling down billions sometimes pay a lower tax-rate than do their secretaries?’ ask the political scientists Jacob S. Hacker (of Yale) and Paul Pierson (University of California, Berkeley) in their deservedly lauded new book, Winner-Take-All Politics. If you want to cry real tears about the American dream—as opposed to the self-canonizing tears of John Boehner—read this book and weep. The authors’ answer to that question and others amount to a devastating indictment of both parties…The book deflates much of the conventional wisdom.”

New York Times

We all know that the very rich have gotten a lot richer these past few decades while most Americans haven't. In fact, the exorbitantly paid have continued to thrive during the current economic crisis, even as the rest of Americans have fallen behind. Why do the "have-it-alls" have so much more? Lots of so-called experts claim to have solved this great mystery, but no one has really gotten to the bottom of it—until now.

In their lively and provocative Winner-Take-All Politics, renowned political scientists Jacob S. Hacker and Paul Pierson demonstrate that the usual suspects—foreign trade and financial globalization, technological changes in the workplace, increased education at the top—are largely innocent of the charges against them. Instead, they indict an unlikely suspect and take us on an entertaining tour of the mountain of evidence against the culprit. The guilty party is American politics. Runaway inequality and the present economic crisis reflect what government has done to aid the rich and what it has not done to safeguard the interests of the middle class. The winner-take-all economy is primarily a result of winner-take-all politics.

Part revelatory history, part political analysis, part intellectual journey, Winner-Take-All Politics shows how a political system that traditionally has been responsive to the interests of the middle class has been hijacked by the super-rich. In doing so, it not only changes how we think about American politics, but also points the way to rebuilding a democracy that serves the interests of the many rather than just those of the wealthy few.