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"Sowell...argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth production factors such as geography,...
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"An urgent, historically-grounded take on the four major factors that undermine American democracy, and what we can do to address them. While many Americans despair of the current state of U.S. politics, most assume that our system of government and democracy itself are invulnerable to decay. Yet when we examine the past, we find that the United States has undergone repeated crises of democracy, from the earliest days of the republic to the present....
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"Have you ever wondered why presidential candidates need money for their campaigns? How do they get the funds they need to succeed in politics? This book focuses on how and where presidential candidates obtain the money to help them run for the country's highest office. Readers will learn about the history of campaign fund-raising and discover how candidates in different time periods approached it. They'll also learn about historical events, including...
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"There is a puzzling disconnect between rising income inequality and public opinion in the United States. One might think-and many politicians argue-- that as inequality increases the public on the losing side of the inequality divide would demand more redistributive action from government. But many Americans have not demanded these policies. Indeed, Americans have trouble identifying their own positions in the changing economic hierarchy; the public's...
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"This isn't your America. No matter who the president is. We're told that when we vote, when we elect representatives, we're gaining a voice in government and the policies it implements. But if that's true, why don't American politics actually translate our preferences into higher-living standards for the majority of us? The answer is that, in America, the wealthy few have built a system that works in their favor, while maintaining the illusion of...