But Robert B. Reich suggests a different reason for the meltdown, and for a perilous road ahead. He argues that the real problem is structural: it lies in the increasing concentration of income and wealth at the top, and in a middle class that has had to go deeply into debt to maintain a decent standard of living.Persuasively and straightforwardly, Reich reveals how precarious our situation still is. The last time in American history when wealth was so highly concentrated at the top—indeed, when the top 1 percent of the population was paid 23 percent of the nation’s income—was in 1928, just before the Great Depression. Such a disparity leads to ever greater booms followed by ever deeper busts. Reich’s thoughtful and detailed account of where we are headed over the next decades reveals the essential truth about our economy that is driving our politics and shaping our future. With keen insight, he shows us how the middle class lacks enough purchasing power to buy what the economy can produce and has adopted coping mechanisms that have a negative impact on their quality of life; how the rich use their increasing wealth to speculate; and how an angrier politics emerges as more Americans conclude that the game is rigged for the benefit of a few. Unless this trend is reversed, the Great Recession will only be repeated. Reich’s assessment of what must be done to reverse course and ensure that prosperity is widely shared represents the path to a necessary and long-overdue transformation. Aftershock is a practical, humane, and much-needed blueprint for both restoring America’s economy and rebuilding our society.

    Today, however, botched experiments in nation-building, democracy, industrialization, and urbanization visibly scar much of the world.As once happened in Europe, the wider embrace of revolutionary politics, mass movements, technology, the pursuit of wealth, and individualism has cast billions adrift in a literally demoralized world.It was from among the ranks of the disaffected and the spiritually disorientated, that the militants of the nineteenth century arose—angry young men who became cultural nationalists in Germany, messianic revolutionaries in Russia, bellicose chauvinists in Italy, and anarchist terrorists internationally.Many more people today, unable to fulfill the promises—freedom, stability, and prosperity—of a globalized economy, are increasingly susceptible to demagogues and their simplifications. A common reaction among them is intense hatred of supposed villains, the invention of enemies, attempts to recapture a lost golden age, unfocused fury and self-empowerment through spectacular violence.In Age of Anger, Pankaj Mishra explores the origins of the great wave of paranoid hatreds that seem inescapable in our close-knit world—from American “shooters” and ISIS to Trump, Modi, and racism and misogyny on social media.

    But this notorious corner's 24-hour open-air drug market provides the economic fuel for a dying neighborhood. David Simon, an award-winning author and crime reporter, and Edward Burns, a 20-year veteran of the urban drug war, tell the chilling story of this desolate crossroad.Through the eyes of one broken family--two drug-addicted adults and their smart, vulnerable 15-year-old son, DeAndre McCollough, Simon and Burns examine the sinister realities of inner cities across the country and unflinchingly assess why law enforcement policies, moral crusades, and the welfare system have accomplished so little. This extraordinary book is a crucial look at the price of the drug culture and the poignant scenes of hope, caring, and love that astonishingly rise in the midst of a place America has abandoned.

    Arnade's raw, deeply reported accounts cut through today's clickbait media headlines and indict the elitists who misunderstood poverty and addiction in America for decades.After abandoning his Wall Street career, Arnade decided to document poverty and addiction in the Bronx. He began interviewing, photographing, and becoming close friends with homeless addicts, and spent hours in drug dens and McDonald's. Then he started driving across America to see how the rest of the country compared. He found the same types of stories everywhere, across lines of race, ethnicity, religion, and geography.The people he got to know, from Alabama and California to Maine and Nevada, gave Arnade a new respect for the dignity and resilience of what he calls America's Back Row--those who lack the credentials and advantages of the so-called meritocratic upper class. The strivers in the Front Row, with their advanced degrees and upward mobility, see the Back Row's values as worthless. They scorn anyone who stays in a dying town or city as foolish, and mock anyone who clings to religion or tradition as naive.As Takeesha, a woman in the Bronx, told Arnade, she wants to be seen she sees herself: "a prostitute, a mother of six, and a child of God." This book is his attempt to help the rest of us truly see, hear, and respect millions of people who've been left behind.

    Featuring a mosaic of memories from politicians, businessmen, artists, and writers, from those who were just kids to those who remember losing a fortune, Hard Times is not only a gold mine of information but a fascinating interplay of memory and fact, revealing how the Depression affected the lives of those who experienced it firsthand.

    Historic neighborhoods in Detroit, St. Louis, Cleveland, and Chicago were wiped off the map so that middle-class whites could flee for the suburbs on a highway. Deindustrialization, racism, and urban renewal were joining forces to send the Midwest’s proudest cities on a decades-long path of decline. But just north of Chicago’s Loop, the story was different. Artists and countercultural types — and increasingly young professional whites as well — were buying old homes and renovating them in a recently renamed neighborhood: “Old Town.” In 1958, the Chicago Tribune introduced the neighborhood to its readers as “Chicago’s Left Bank,” a bohemian paradise. Soon, affluent suburbanites were taking the train into the city to visit the cafes and bookstores on Wells Street. Some of them even moved in. But as Old Town’s popularity grew, so did its housing prices. Meanwhile, urban renewal projects under the name of “slum clearance” demolished much of the cheapest housing. By 1973, the paper reported that “skyrocketing rents” had chased the bohemians north, to a neighborhood they renamed “New Town,” where they told stories of what had been lost on Wells St. and swore they wouldn’t let it happen again.Today, almost fifty years later, what happened on Chicago's North Side usually goes by the name “gentrification.” But though few changes to the urban environment get more attention, researchers and neighbors still debate exactly what changes when a neighborhood gentrifies, why, and what role both newcomers and established residents play in shaping that change.This will be the first book to critically examine the history of Old Town as the beginning of a process that fundamentally transformed what kind of city Chicago is. It tells the stories of those who first began “upgrading” homes in Old Town, why they moved there, how they used both private activism and leveraged public policy to remake the neighborhood to their own tastes; and how both these newcomers and older residents struggled against competing forces to preserve what they valued in Old Town—and why so many of them felt that they lost.

    It is also the story of citizens in crisis: a woman fighting ceaselessly to give her great-grandchildren a better life, a father of six who may lose his job at the Navy Shipyard, and a policy analyst whose experiences as a crime victim tempt her to abandon her job and ideals. Heart-wrenching and hilarious, alive with detail and insight, A Prayer for the City describes a city on its knees and the rare combination of political courage and optimism that may be the only hope for America's urban centers.

    His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.

    While the automobile's contribution to global warming and the effects of volatile gas prices is widely known, the problems we face every day because of our cars are much more widespread and yet much less known -- from the surprising $14,000 that the average family pays each year for the vehicles it owns, to the increase in rates of obesity and asthma to which cars contribute, to the 40,000 deaths and 2.5 million crash injuries each and every year.Carjacked details the complex impact of the automobile on modern society and shows us how to develop a healthier, cheaper, and greener relationship with cars.

    But over the past four decades, the principle of equality before the law has been effectively abolished. Instead, a two-tiered system of justice ensures that the country's political and financial class is virtually immune from prosecution, licensed to act without restraint, while the politically powerless are imprisoned with greater ease and in greater numbers than in any other country in the world.Starting with Watergate, continuing on through the Iran-Contra scandal, and culminating with Obama's shielding of Bush-era officials from prosecution, Glenn Greenwald lays bare the mechanisms that have come to shield the elite from accountability. He shows how the media, both political parties, and the courts have abetted a process that has produced torture, war crimes, domestic spying, and financial fraud. Cogent, sharp, and urgent, this is a no-holds-barred indictment of a profoundly un-American system that sanctions immunity at the top and mercilessness for everyone else.