The Hidden Wealth of Nations: The Scourge of Tax Havens


Gabriel Zucman - 2015
    One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world’s wealth hidden in tax havens—in countries like Switzerland, Luxembourg, and the Cayman Islands—this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world’s assets are currently hidden—until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world’s money held in tax havens. And it’s staggering. In The Hidden Wealth of Nations, Zucman offers an inventive and sophisticated approach to quantifying how big the problem is, how tax havens work and are organized, and how we can begin to approach a solution. His research reveals that tax havens are a quickly growing danger to the world economy. In the past five years, the amount of wealth in tax havens has increased over 25%—there has never been as much money held offshore as there is today. This hidden wealth accounts for at least $7.6 trillion, equivalent to 8% of the global financial assets of households. Fighting the notion that any attempts to vanquish tax havens are futile, since some countries will always offer more advantageous tax rates than others, as well the counter-argument that since the financial crisis tax havens have disappeared, Zucman shows how both sides are actually very wrong. In The Hidden Wealth of Nations he offers an ambitious agenda for reform, focused on ways in which countries can change the incentives of tax havens. Only by first understanding the enormity of the secret wealth can we begin to estimate the kind of actions that would force tax havens to give up their practices. Zucman’s work has quickly become the gold standard for quantifying the amount of the world’s assets held in havens. In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole. If we are to find a way to solve the problem of increasing inequality, The Hidden Wealth of Nations is essential reading.

The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society


Binyamin Appelbaum - 2019
    In the four decades between 1969 and 2008, these economists played a leading role in reshaping taxation and public spending and clearing the way for globalization. They reshaped the government's approach to regulation, assigning a value to human life to determine which rules are worthwhile. Economists even convinced President Nixon to end military conscription.The United States was the epicenter of the intellectual ferment, but the embrace of markets was a global phenomenon, seizing the imagination of politicians in countries including the United Kingdom, Chile and New Zealand.This book is also a reckoning. The revolution failed to deliver on its central promise of increased prosperity. In the United States, growth has slowed in every successive decade since the 1960s. And the cost of the failure was steep. Policymakers traded well-paid jobs for low-cost electronics; the loss of work weakened the fabric of society and of democracy. Soaring inequality extends far beyond incomes: Life expectancy for less affluent Americans has declined in recent years. And the focus on efficiency has come at the expense of the future: Lower taxes instead of education and infrastructure; limited environmental regulation as oceans rise and California burns.

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism


Ha-Joon Chang - 2007
    Using irreverent wit, an engagingly personal style, and a battery of examples, Chang blasts holes in the "World Is Flat" orthodoxy of Thomas Friedman and other liberal economists who argue that only unfettered capitalism and wide-open international trade can lift struggling nations out of poverty. On the contrary, Chang shows, today's economic superpowers—from the U.S. to Britain to his native Korea—all attained prosperity by shameless protectionism and government intervention in industry. We have conveniently forgotten this fact, telling ourselves a fairy tale about the magic of free trade and—via our proxies such as the World Bank, International Monetary Fund, and World Trade Organization—ramming policies that suit ourselves down the throat of the developing world.Unlike typical economists who construct models of how the marketplace should work, Chang examines the past: what has actually happened. His pungently contrarian history demolishes one pillar after another of free-market mythology. We treat patents and copyrights as sacrosanct—but developed our own industries by studiously copying others' technologies. We insist that centrally planned economies stifle growth—but many developing countries had higher GDP growth before they were pressured into deregulating their economies. Both justice and common sense, Chang argues, demand that we reevaluate the policies we force on nations that are struggling to follow in our footsteps.

Collateral Damage: America's War Against Iraqi Civilians


Chris Hedges - 2007
    The testimonies of these soldiers--many of who remain deeply traumatized by their experiences--uncover how the very conduct of the war and occupation have turned the American forces into agents of terror for most Iraqis.Collateral Damage is organized around key military operations--Convoys, Checkpoints, Detentions, Raids, Suppressive Fire, and "Hearts and Minds." Military convoys traveling at tremendous speeds through towns have become trains of death. Civilians are routinely run over or shot to death. Soldiers fire upon Iraqi vehicles with impunity at checkpoints. Late-night detentions based on shoddy intelligence terrify women, traumatize children, and radicalize the young men caught in their dragnet.These soldiers have found the moral courage to speak out about the true nature of a war that has become one long, unchecked atrocity, and has given rise to the instability, sectarian violence and chaos that we witness today in Iraq.

An Economic Interpretation of the Constitution of the United States


Charles A. Beard - 1913
    Unlike those writers, who had stressed idealistic impulses as factors determining the structure of the American government, Beard questioned the Founding Fathers' motivations in drafting the Constitution and viewed the results as a product of economic self-interest.Brimming with human interest, insights, and information every student of American history will prize, this volume — one of the most controversial books of its time — continues to prompt new perceptions of the supreme law of the land."A staple for history and economics collections." — Library Journal."Replete with human interest and compact with information of importance to every student of American history or of political science." — Annals of the American Academy of Political and Social Science.

Technocracy in America: Rise of the Info-State


Parag Khanna - 2017
    A costly election has done more to divide American society than unite it, while trust in government--and democracy itself--is plummeting. But there are better systems out there, and America would be wise to learn from them. In this provocative manifesto, globalization scholar Parag Khanna tours cutting-edge nations from Switzerland to Singapore to reveal the inner workings that allow them that lead the way in managing the volatility of a fast-changing world while delivering superior welfare and prosperity for their citizens. The ideal form of government for the complex 21st century is what Khanna calls a "direct technocracy," one led by experts but perpetually consulting the people through a combination of democracy and data. From a seven-member presidency and a restructured cabinet to replacing the Senate with an Assembly of Governors, Technocracy in America is full of sensible proposals that have been proven to work in the world’s most successful societies. Americans have a choice for whom they elect president, but they should not wait any longer to redesign their political system following Khanna’s pragmatic vision.

The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite


Daniel Markovits - 2019
    Even as the country divides itself at every turn, the meritocratic ideal - that social and economic rewards should follow achievement rather than breeding - reigns supreme. Both Democrats and Republicans insistently repeat meritocratic notions. Meritocracy cuts to the heart of who we are. It sustains the American dream.But what if, both up and down the social ladder, meritocracy is a sham? Today, meritocracy has become exactly what it was conceived to resist: a mechanism for the concentration and dynastic transmission of wealth and privilege across generations. Upward mobility has become a fantasy, and the embattled middle classes are now more likely to sink into the working poor than to rise into the professional elite. At the same time, meritocracy now ensnares even those who manage to claw their way to the top, requiring rich adults to work with crushing intensity, exploiting their expensive educations in order to extract a return. All this is not the result of deviations or retreats from meritocracy but rather stems directly from meritocracy's successes.This is the radical argument that Daniel Markovits prosecutes with rare force. Markovits is well placed to expose the sham of meritocracy. Having spent his life at elite universities, he knows from the inside the corrosive system we are trapped within. Markovits also knows that, if we understand that meritocratic inequality produces near-universal harm, we can cure it. When The Meritocracy Trap reveals the inner workings of the meritocratic machine, it also illuminates the first steps outward, towards a new world that might once again afford dignity and prosperity to the American people.

The Art of Protest: Culture and Activism from the Civil Rights Movement to the Streets of Seattle


T.V. Reed - 2005
    Or, more difficult yet, imagine an America unaffected by the cultural expressions and forms of the twentieth-century social movements that have shaped our nation. The first broad overview of social movements and the distinctive cultural forms that express and helped shape them, The Art of Protest shows the vital importance of these movements to American culture. In comparative accounts of movements beginning with the African American civil rights movement of the 1950s and 1960s and running through the Internet-driven movement for global justice ("Will the revolution be cybercast?") of the twenty-first century, T. V. Reed enriches our understanding of protest and its cultural expression. Reed explores the street drama of the Black Panthers, the revolutionary murals of the Chicano movement, the American Indian Movement's use of film and video, rock music and the struggles against famine and apartheid, ACT UP's use of visual art in the campaign against AIDS, and the literature of environmental justice. Throughout, Reed employs the concept of culture in three interrelated ways: by examining social movements as sub- or countercultures; by looking at poetry, painting, music, murals, film, and fiction in and around social movements; and by considering the ways in which the cultural texts generated by resistance movements have reshaped the contours of the wider American culture. The United States is a nation that began with a protest. Through the kaleidoscopic lens of artistic and cultural expression, Reed reveals how activism continues to remake our world.

Unacceptable: Privilege, Deceit & the Making of the College Admissions Scandal


Melissa Korn - 2020
    In Unacceptable, veteran Wall Street Journal reporters Melissa Korn and Jennifer Levitz trace the wiretapped calls, covert payments, and blatant deceit that brought the feds to Beverly Hills mansions and Upper East Side apartments, their residents all linked by one man: college whisperer and ultimate hustler Rick Singer.The shocking tale at the heart of Unacceptable is how, over decades, the charismatic Singer easily exploited a system rigged against regular people. Exploring the status obsession that seduced entitled parents in search of an edge, Korn and Levitz detail a scheme that eventually entangled more than fifty conspirators--a catalog of wealth and privilege that included CEOs, lawyers, real-estate developers, financiers, and famous actresses, mingling in jail cells and courtrooms.Detailing Singer's steady rise and dramatic fall, woven with stories of key players in the case, Unacceptable exposes the ugly underbelly of elite college admissions as a game with no rule book--paid-off proctors and storied college coaches turning a blind eye, helicopter parents and coddled teens spinning lies--opening loopholes and side doors into America's most exclusive institutions.

Can't Pay, Won't Pay: The Case for Economic Disobedience and Debt Abolition


Debt Collective - 2020
    This concise, energetic manifesto from the Debt Collective is in equal parts informative and inspiring, and is sure to become a crucial reference point for activists and debt cancellation campaigners. Includes a foreword from Debt Collective co-founder and acclaimed activist-author, documentarian, and musician Astra Taylor.

Firebrand: Dispatches from the Front Lines of the MAGA Revolution


Matt Gaetz - 2020
    Join me with ideas, energy, images, and stories. This is not my chronological diary. You can watch me on television for that. This is how we prevail with joy—and exactly how an exciting president is leading the way against all odds.” —Congressman Matt Gaetz

The Choice: A Fable of Free Trade and Protectionism


Russell Roberts - 2000
    Professors complain that their students cannot grasp the nature of how some economic tools are used or how they work in life. This novel bridges the gap of concepts with applications by use of a fictional story. David Ricardo comes to life to discuss international trade theory and policy with Ed Johnson, a fictional American television manufacturer seeking trade protection from television manufacturers. Their dialogue is a sophisticated, rigorous discussion of virtually every major issue in trade theory and policy. To illustrate the positive and normative effects of international trade and trade policy, Ricardo takes the reader and Ed Johnson into the future to see an America of free trade and an America of complete self-sufficiency. The fictional element brings these topics to life so that students gain the intuition and understanding of how trade changes the lives of people and the industries they work in. The fundamental intuition of how international markets function including general equilibrium effects and policy analysis is provided.

A Force for Justice: The Maurice McCabe Story


Michael Clifford - 2017
    However, over the following eight years, he exposed gross incompetence and corruption within An Garda Siochána. It ranged from a violent criminal being free to murder, to country-wide corruption in the policing of road safety.Along the way he paid a terrible price, enduring vilification, bullying and harassment by forces who wanted to silence him and his inconvenient truths. Worse still were the rumours of an extreme nature, which had a devastating effect on his whole family.McCabe's actions ultimately led to some of the biggest reforms of An Garda Siochána since the foundation of the state, caused major political upheaval, and culminated in a Tribunal established in 2017, to examine whether there had been a smear campaign against him within the force.A Force For Justice reveals the story behind the scenes, of one man struggling to survive in the most challenging of circumstances. It is a dramatic account of a garda sergeant's journey from a rural outpost into the heart of the Irish political and legal system.

The Choice: How Bill Clinton Won


Bob Woodward - 1996
    President Bill Clinton is examined in full in the contest with Senate Majority Leader Bob Dole, the Republican presidential nominee. The intimacy and detail of Woodward's account of the candidates and their wives show the epic human struggle in this race for the White House.

For a New Liberty: The Libertarian Manifesto


Murray N. Rothbard - 1973
    Rothbard begins with a quick overview of its historical roots, and then goes on to define libertarianism as resting "upon one single axiom: that no man or group of men shall aggress upon the person or property of anyone else." He writes a withering critique of the chief violator of liberty: the State. Rothbard then provides penetrating libertarian solutions for many of today's most pressing problems, including poverty, war, threats to civil liberties, the education crisis, and more.