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.

Deaths of Despair and the Future of Capitalism


Anne Case - 2020
    In the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year--and they're still rising. Anne Case and Angus Deaton, known for first sounding the alarm about deaths of despair, explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. They demonstrate why, for those who used to prosper in America, capitalism is no longer delivering.Deaths of Despair and the Future of Capitalism paints a troubling portrait of the American dream in decline. For the white working class, today's America has become a land of broken families and few prospects. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. In this critically important book, Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and, above all, to a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. Capitalism, which over two centuries lifted countless people out of poverty, is now destroying the lives of blue-collar America.This book charts a way forward, providing solutions that can rein in capitalism's excesses and make it work for everyone.

Rule and Ruin: The Downfall of Moderation and the Destruction of the Republican Party, from Eisenhower to the Tea Party


Geoffrey Kabaservice - 2011
    Republicans in Congress threatened to shut down the government and force a U.S. debt default. Tea Party activists mounted primary challenges against Republican officeholders who appeared to exhibit too much pragmatism or independence. Moderation and compromise were dirty words in the Republican presidential debates. The GOP, it seemed, had suddenly become a party of ideological purity.Except this development is not new at all. In Rule and Ruin, Geoffrey Kabaservice reveals that the moderate Republicans' downfall began not with the rise of the Tea Party but about the time of President Dwight Eisenhower's farewell address. Even in the 1960s, when left-wing radicalism and right-wing backlash commanded headlines, Republican moderates and progressives formed a powerful movement, supporting pro-civil rights politicians like Nelson Rockefeller and William Scranton, battling big-government liberals and conservative extremists alike. But the Republican civil war ended with the overthrow of the moderate ideas, heroes, and causes that had comprised the core of the GOP since its formation. In hindsight, it is today's conservatives who are Republicans in Name Only.Writing with passionate sympathy for a bygone tradition of moderation, Kabaservice recaptures a time when fiscal restraint was matched with social engagement; when a cohort of leading Republicans opposed the Vietnam war; when George Romney--father of Mitt Romney--conducted a nationwide tour of American poverty, from Appalachia to Watts, calling on society to listen to the voices from the ghetto. Rule and Ruin is an epic, deeply researched history that reorients our understanding of our political past and present.Today, following the Republicans' loss of the popular vote in five of the last six presidential contests, moderates remain marginalized in the GOP and progressives are all but nonexistent. In this insightful and elegantly argued book, Kabaservice contends that their decline has left Republicans less capable of governing responsibly, with dire consequences for all Americans. He has added a new afterword that considers the fallout from the 2012 elections.

The End of Influence: What Happens When Other Countries Have the Money


Stephen S. Cohen - 2009
    Now, America finds itself cash poor, and to a great extent power follows money. In The End of Influence, renowned economic analysts Stephen S. Cohen and J. Bradford DeLong explore the grave consequences this loss will have for America's place in the world. America, Cohen and DeLong argue, will no longer be the world's hyperpower. It will no longer wield soft cultural power or dictate a monolithic foreign policy. More damaging, though, is the blow to the world's ability to innovate economically, financially, and politically. Cohen and DeLong also explore American's complicated relationship with China, the misunderstood role of sovereign wealth funds, and the return of state-led capitalism. An essential read for anyone interested in how global economics and finance interact with national policy, The End of Influence explains the far-reaching and potentially long-lasting but little-noted consequences of our great fiscal crisis.

Pay Any Price: Greed, Power, and Endless War


James Risen - 2014
    Endless war corrupts absolutely.Ever since 9/11 America has fought an endless war on terror, seeking enemies everywhere and never promising peace. In Pay Any Price, James Risen reveals an extraordinary litany of the hidden costs of that war: from squandered and stolen dollars, to outrageous abuses of power, to wars on normalcy, decency, and truth. In the name of fighting terrorism, our government has done things every bit as shameful as its historic wartime abuses — and until this book, it has worked very hard to cover them up.Lincoln suspended habeas corpus. FDR authorized the internment of thousands of Japanese Americans. Presidents Bush and Obama now must face their own reckoning. Power corrupts, but it is endless war that corrupts absolutely.

Makers and Takers: The Rise of Finance and the Fall of American Business


Rana Foroohar - 2016
    Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses,  putting us on a collision course for another cataclysmic meltdown. Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Time assistant managing editor and economic columnist Rana Foroohar shows how the “financialization of America” - the trend by which finance and its way of thinking have come to reign supreme - is perpetuating Wall Street's reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream. Policy makers get caught up in the details of regulating “Too Big To Fail” banks, but the problems in our market system go much broader and deeper than that. Consider that: · Thanks to 40 years of policy changes and bad decisions, only about 15 % of all the money in our market system actually ends up in the real economy – the rest stays within the closed loop of finance itself. · The financial sector takes a quarter of all corporate profits in this country while creating only 4 % of American jobs. · The tax code continues to favor debt over equity, making it easier for companies to hoard cash overseas rather than reinvest it on our shores. · Our biggest and most profitable corporations are investing more money in stock buybacks than in research and innovation. · And, still, the majority of the financial regulations promised after the 2008 meltdown have yet come to pass, thanks to cozy relationship between our lawmakers and the country’s wealthiest financiers.       Exploring these forces, which have have led American businesses to favor balancing-sheet engineering over the actual kind and the pursuit of short-term corporate profits over job creation, Foroohar shows how financialization has so gravely harmed our society, and why reversing this trend is of grave importance to us all. Through colorful stories of both "Takers” and "Makers,” she’ll reveal how we change the system for a better and more sustainable shared economic future.

The Daughters of Kobani: A Story of Rebellion, Courage, and Justice


Gayle Tzemach Lemmon - 2021
    The young women profiled in this book fought a fearsome war against brutal men in impossible circumstances--and proved in the process what girls and women can accomplish when given the chance to lead. Brilliantly researched and respectfully reported, this book is a lesson in heroism, sacrifice, and the real meaning of sisterhood. I am so grateful that this story has been told." --Elizabeth Gilbert, author of Big Magic and Eat, Pray, Love"Absolutely fascinating and brilliantly written, The Daughters of Kobani is a must-read for anyone who wants to understand both the nobility and the brutality of war. This is one of the most compelling stories in modern warfare." --Admiral William H. McRaven, author of Make Your BedIn 2014, northeastern Syria might have been the last place you would expect to find a revolution centered on women's rights. But that year, an all-female militia faced off against ISIS in a little town few had ever heard of: Kobani. By then, the Islamic State had swept across vast swaths of the country, taking town after town and spreading terror as the civil war burned all around it. From that unlikely showdown in Kobani emerged a fighting force that would wage war against ISIS across northern Syria alongside the United States. In the process, these women would spread their own political vision, determined to make women's equality a reality by fighting--house by house, street by street, city by city--the men who bought and sold women.Based on years of on-the-ground reporting, The Daughters of Kobani is the unforgettable story of the women of the Kurdish militia that improbably became part of the world's best hope for stopping ISIS in Syria. Drawing from hundreds of hours of interviews, bestselling author Gayle Tzemach Lemmon introduces us to the women fighting on the front lines, determined to not only extinguish the terror of ISIS but also prove that women could lead in war and must enjoy equal rights come the peace. In helping to cement the territorial defeat of ISIS, whose savagery toward women astounded the world, these women played a central role in neutralizing the threat the group posed worldwide. In the process they earned the respect--and significant military support--of U.S. Special Operations Forces.Rigorously reported and powerfully told, The Daughters of Kobani shines a light on a group of women intent on not only defeating the Islamic State on the battlefield but also changing women's lives in their corner of the Middle East and beyond.

All the Single Ladies: Unmarried Women and the Rise of an Independent Nation


Rebecca Traister - 2016
    It was the year the proportion of American women who were married dropped below fifty percent; and the median age of first marriages, which had remained between twenty and twenty-two years old for nearly a century (1890–1980), had risen dramatically to twenty-seven. But over the course of her vast research and more than a hundred interviews with academics and social scientists and prominent single women, Traister discovered a startling truth: The phenomenon of the single woman in America is not a new one. And historically, when women were given options beyond early heterosexual marriage, the results were massive social change—temperance, abolition, secondary education, and more. Today, only twenty percent of Americans are married by age twenty-nine, compared to nearly sixty percent in 1960.

Crashed: How a Decade of Financial Crises Changed the World


Adam Tooze - 2018
    In fact it was a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. In the United States and Europe, it caused a fundamental reconsideration of capitalist democracy, eventually leading to the war in the Ukraine, the chaos of Greece, Brexit, and Trump.It was the greatest crisis to have struck Western societies since the end of the Cold War, but was it inevitable? And is it over? Crashed is a dramatic new narrative resting on original themes: the haphazard nature of economic development and the erratic path of debt around the world; the unseen way individual countries and regions are linked together in deeply unequal relationships through financial interdependence, investment, politics, and force; the ways the financial crisis interacted with the spectacular rise of social media, the crisis of middle-class America, the rise of China, and global struggles over fossil fuels.Finally, Tooze asks, given this history, what now are the prospects for a liberal, stable, and coherent world order?

Game Change: Obama and the Clintons, McCain and Palin, and the Race of a Lifetime


John Heilemann - 2010
    For entertainment value, I put it up there with Catch 22.” —The Financial Times “It transports you to a parallel universe in which everything in the National Enquirer is true….More interesting is what we learn about the candidates themselves: their frailties, egos and almost super-human stamina.” —The Financial Times “I can’t put down this book!” —Stephen Colbert Game Change is the New York Times bestselling story of the 2008 presidential election, by John Heilemann and Mark Halperin, two of the best political reporters in the country. In the spirit of Richard Ben Cramer’s What It Takes and Theodore H. White’s The Making of the President 1960, this classic campaign trail book tells the defining story of a new era in American politics, going deeper behind the scenes of the Obama/Biden and McCain/Palin campaigns than any other account of the historic 2008 election.

From Cold War to Hot Peace: The Inside Story of Russia and America


Michael McFaul - 2018
    ambassador to Russia during the Obama administration, a revelatory, inside account of U.S.-Russia relations from 1989 to the presentIn 2008, when Michael McFaul was asked to leave his perch at Stanford and join an unlikely presidential campaign, he had no idea that he would find himself at the beating heart of one of today’s most contentious and consequential international relationships. As President Barack Obama’s adviser on Russian affairs, McFaul helped craft the United States’ policy known as “reset” that fostered new and unprecedented collaboration between the two countries. And then, as U.S. ambassador to Russia from 2012 to 2014, he had a front-row seat when this fleeting, hopeful moment crumbled with Vladimir Putin’s return to the presidency. This riveting inside account combines history and memoir to tell the full story of U.S.-Russia relations from the fall of the Soviet Union to the new rise of the hostile, paranoid Russian president. From the first days of McFaul’s ambassadorship, the Kremlin actively sought to discredit and undermine him, hassling him with tactics that included dispatching protesters to his front gates, slandering him on state media, and tightly surveilling him, his staff, and his family.From Cold War to Hot Peace is an essential account of the most consequential global confrontation of our time.

Bring the War Home: The White Power Movement and Paramilitary America


Kathleen Belew - 2018
    Its soldiers are not lone wolves but highly organized cadres motivated by a coherent and deeply troubling worldview made up of white supremacy, virulent anticommunism, and apocalyptic faith. In Bring the War Home, Kathleen Belew gives us the history of a movement that consolidated in the 1970s and 1980s around a potent sense of betrayal in the Vietnam War and made tragic headlines in Waco and Ruby Ridge and with the Oklahoma City bombing and is resurgent under President Trump.Returning to an America ripped apart by a war they felt they were not allowed to win, a small group of veterans and active-duty military personnel and civilian supporters concluded that waging war on their own country was justified. They unified people from a variety of militant groups, including Klansmen, neo-Nazis, skinheads, radical tax protestors, and white separatists to form a new movement of loosely affiliated independent cells to avoid detection. The white power movement operated with discipline and clarity, undertaking assassinations, armed robbery, counterfeiting, and weapons trafficking. Its command structure gave women a prominent place and put them in charge of brokering alliances and birthing future recruits.Belew's disturbing and timely history reminds us that war cannot be contained in time and space: grievances intensify and violence becomes a logical course of action. Based on years of deep immersion in previously classified FBI files and on extensive interviews, Bring the War Home tells the story of American paramilitarism and the birth of the alt-right.