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Author: Heather Beth Johnson
Publisher: Taylor & Francis
ISBN: 0415952395
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
The American Dream and the Power of Wealth investigates the way that wealth (rather than income) structures educational opportunity in the United States. Furthermore, it shows the way that educational opportunity-the bedrock upon which our pervasive ideology of meritocracy or, in Johnson's terms, "the American Dream" is founded-structures the racial class system in the United States. She accomplishes this by analyzing an impressive store of qualitative and quantitative research on three cities: Boston, Los Angeles, and St. Louis. The meritocratic ideology is riddled with contradictions due to the massive and growing wealth disparity between blacks and whites, in particular. Everyone wants the best for their children, but access to assets is what allows wealthy people to either send their children to private school or buy expensive homes in neighborhoods with good public schools. In this equation, income doesn't matter so much, but wealth-which is typically inherited-does. Not surprisingly, black Americans, who on average have far less wealth than white Americans, are often unable to attend the best schools. And since educational attainment is the root of our alleged meritocracy, whites disproportionately dominate it-and families with wealth, even when they recognize the meritocracy as a problem, don't opt out of the system that has successfully reproduced itself for decades. Essentially, the meritocratic ideology of the American Dream continues to cast a powerful spell, and people who stand to benefit will participate in it regardless of the social issues involved.
Author: Heather Beth Johnson
Publisher: Taylor & Francis
ISBN: 0415952395
Category : Business & Economics
Languages : en
Pages : 248
Get Book Here
Book Description
The American Dream and the Power of Wealth investigates the way that wealth (rather than income) structures educational opportunity in the United States. Furthermore, it shows the way that educational opportunity-the bedrock upon which our pervasive ideology of meritocracy or, in Johnson's terms, "the American Dream" is founded-structures the racial class system in the United States. She accomplishes this by analyzing an impressive store of qualitative and quantitative research on three cities: Boston, Los Angeles, and St. Louis. The meritocratic ideology is riddled with contradictions due to the massive and growing wealth disparity between blacks and whites, in particular. Everyone wants the best for their children, but access to assets is what allows wealthy people to either send their children to private school or buy expensive homes in neighborhoods with good public schools. In this equation, income doesn't matter so much, but wealth-which is typically inherited-does. Not surprisingly, black Americans, who on average have far less wealth than white Americans, are often unable to attend the best schools. And since educational attainment is the root of our alleged meritocracy, whites disproportionately dominate it-and families with wealth, even when they recognize the meritocracy as a problem, don't opt out of the system that has successfully reproduced itself for decades. Essentially, the meritocratic ideology of the American Dream continues to cast a powerful spell, and people who stand to benefit will participate in it regardless of the social issues involved.
Author: Heather Beth Johnson
Publisher: Routledge
ISBN: 1317744071
Category : Social Science
Languages : en
Pages : 320
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Book Description
Despite the overwhelming evidence against them, many people still believe they can overcome the economic and racial constraints placed upon them at birth. In the first edition, Heather Beth Johnson explored this belief in the American Dream with over 200 in-depth interviews with black and white families, highlighting the ever-increasing racial wealth gap and the actual inequality in opportunities. This second edition has been updated to make it fully relevant to today’s reader, with new data and illustrative examples, including twenty new interviews. Johnson asks not just what parents are thinking about inequality and the American Dream, but to what extent children believe in the American Dream and how they explain, justify, and understand the stratification of American society. This book is an ideal addition to courses on race and inequality.
Author: Heather Beth Johnson
Publisher: Routledge
ISBN: 1134728794
Category : Business & Economics
Languages : en
Pages : 246
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Book Description
In contemporary America, the racial wealth gap is growing, with families transmitting race and class inequalities from generation to generation. Yet Americans continue to hold deep-rooted beliefs in the principles of individualism, equal opportunity, and meritocracy. Education, the "Great Equalizer," is supposed to level the playing field, ensuring that every child—regardless of family of origin—gets an equal chance at success. Drawing on in-depth interviews with 200 black and white families, The American Dream and the Power of Wealth starkly reveals the enormous extent to which parents defend their beliefs in the values that lie at the heart of the American Dream. Yet the way wealth is acquired and the way it is used categorically puts children from different families on vastly different educational trajectories, leaving them with uneven sets of opportunities.
Author: Heather Beth Johnson
Publisher: Routledge
ISBN: 1134728867
Category : Social Science
Languages : en
Pages : 311
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Book Description
In contemporary America, the racial wealth gap is growing, with families transmitting race and class inequalities from generation to generation. Yet Americans continue to hold deep-rooted beliefs in the principles of individualism, equal opportunity, and meritocracy. Education, the "Great Equalizer," is supposed to level the playing field, ensuring that every child—regardless of family of origin—gets an equal chance at success. Drawing on in-depth interviews with 200 black and white families, The American Dream and the Power of Wealth starkly reveals the enormous extent to which parents defend their beliefs in the values that lie at the heart of the American Dream. Yet the way wealth is acquired and the way it is used categorically puts children from different families on vastly different educational trajectories, leaving them with uneven sets of opportunities.
Author: Noam Chomsky
Publisher: Seven Stories Press
ISBN: 1609807375
Category : Political Science
Languages : en
Pages : 170
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Book Description
A NEW YORK TIMES BESTSELLER! In his first major book on the subject of income inequality, Noam Chomsky skewers the fundamental tenets of neoliberalism and casts a clear, cold, patient eye on the economic facts of life. What are the ten principles of concentration of wealth and power at work in America today? They're simple enough: reduce democracy, shape ideology, redesign the economy, shift the burden onto the poor and middle classes, attack the solidarity of the people, let special interests run the regulators, engineer election results, use fear and the power of the state to keep the rabble in line, manufacture consent, marginalize the population. In Requiem for the American Dream, Chomsky devotes a chapter to each of these ten principles, and adds readings from some of the core texts that have influenced his thinking to bolster his argument. To create Requiem for the American Dream, Chomsky and his editors, the filmmakers Peter Hutchison, Kelly Nyks, and Jared P. Scott, spent countless hours together over the course of five years, from 2011 to 2016. After the release of the film version, Chomsky and the editors returned to the many hours of tape and transcript and created a document that included three times as much text as was used in the film. The book that has resulted is nonetheless arguably the most succinct and tightly woven of Chomsky's long career, a beautiful vessel--including old-fashioned ligatures in the typeface--in which to carry Chomsky's bold and uncompromising vision, his perspective on the economic reality and its impact on our political and moral well-being as a nation. "During the Great Depression, which I'm old enough to remember, it was bad–much worse subjectively than today. But there was a sense that we'll get out of this somehow, an expectation that things were going to get better . . ." —from Requiem for the American Dream
Author: R. Christopher Whalen
Publisher: John Wiley & Sons
ISBN: 0470875143
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
Americans as a whole view themselves as reasonably prudent and sober people when it comes to matters of money, reflecting the puritan roots of the earliest European settlers. Yet as a community, we also seem to believe that we are entitled to a lifestyle that is well-beyond our current income, a tendency that goes back to the earliest days of the United States and particularly to get rich quick experiences ranging from the Gold Rush of the 1840s to the real estate bubble of the early 21st Century. Inflated examines this apparent conflict and makes the argument that such a world view is so ingrained in us that to expect the United States to live in a "deflated" world is simply unrealistic. It skillfully seeks to tell the story of, money inflation and public debt as enduring (and perhaps endearing) features of American life, rather than something we can one day overcome as our policy makers constantly promise. Features interviews with today's top financial industry leaders and insiders. Offer a glimpse into the future of the Federal Reserve and the role it will play in the coming years Examines what the future may hold for the value of the U.S. dollar and the real incomes of future generations of Americans The gradual result of the situation we find ourselves in will inevitably lead to inflation, loss of economic opportunity, and a decline in the value of the dollar. This book will show you why, and reveal how we might be able to deal with it.
Author: John Attanasio
Publisher: Oxford University Press
ISBN: 0190847042
Category : Law
Languages : en
Pages : 305
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Book Description
This book is about good government-especially ethical and fair government. Using both theoretical methods and practical political analysis, John Attanasio shows how recent Supreme Court decisions and campaign finance regulations map onto a pernicious and growing inequality in America. He puts forward a novel solution grounded in a new principle of personal autonomy. Looking at the transformation of wealth and political influence in America, this book demonstrates that the defining campaign finance cases such as Buckley v. Valeo and Citizens United have created a new constitutional arrangement that correlates with the dramatic rise in U.S. wealth and income inequality since the 1970s. The book goes on to show that this distorted income allocation has adversely affected demand, which may be spawning American economic stagnation. The solution Attanasio proposes is the principle of "distributive autonomy," sharply contrasting it with the individualism of modern libertarian ideas, which have given rise to the radical inequality that reduces, rather than enhances, autonomy. Good governance must be centrally concerned with the distribution of freedom for all: if my autonomy matters, so does yours. Valuing the autonomy of others is authentic autonomy. Distributive autonomy is necessary to ensure that participatory democracy retains its truly democratic elements, which may be a necessary condition for long-term, prosperous capitalism. A profound synthesis of theory and practice, Politics and Capital is crucial to understanding the ominous political and economic problems besetting twenty-first century America.
Author: John Ehrenreich
Publisher: Cornell University Press
ISBN: 1501703595
Category : History
Languages : en
Pages : 257
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Book Description
In Third Wave Capitalism, John Ehrenreich documents the emergence of a new stage in the history of American capitalism. Just as the industrial capitalism of the nineteenth century gave way to corporate capitalism in the twentieth, recent decades have witnessed corporate capitalism evolving into a new phase, which Ehrenreich calls "Third Wave Capitalism." Third Wave Capitalism is marked by apparent contradictions: Rapid growth in productivity and lagging wages; fabulous wealth for the 1 percent and the persistence of high levels of poverty; increases in the standard of living and increases in mental illness, personal misery, and political rage; the apotheosis of the individual and the deterioration of democracy; increases in life expectancy and out-of-control medical costs; an African American president and the incarceration of a large percentage of the black population. Ehrenreich asserts that these phenomena are evidence that a virulent, individualist, winner-take-all ideology and a virtual fusion of government and business have subverted the American dream. Greed and economic inequality reinforce the sense that each of us is "on our own." The result is widespread lack of faith in collective responses to our common problems. The collapse of any organized opposition to business demands makes political solutions ever more difficult to imagine. Ehrenreich traces the impact of these changes on American health care, school reform, income distribution, racial inequities, and personal emotional distress. Not simply a lament, Ehrenreich’s book seeks clues for breaking out of our current stalemate and proposes a strategy to create a new narrative in which change becomes possible.
Author: Sonia Booker
Publisher: Createspace Independent Pub
ISBN: 9781499661088
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
Perfect for new real estate investors or first-time home-buyers. How to find a good deal, how to calculate profits and where to go for financing.We live in an extremely different marketplace now than when the first edition of Real Estate and Wealth: Investing in the American Dream was originally published. The initial volume served as an incredible resource for thousands of people, so bearing in mind the tremendous resurgence in the real estate market, real estate expert Sonia Booker felt that it was vital to offer this second, up to date best seller to make it relevant to financing and marketing changes in our current economic climate.This book offers a wealth of information, new topics and ideas with a particular appeal to first-time home buyers who are vacillating about their ability to purchase ther “dream house”. Sonia encourages her readers to begin by beginning... by purchasing a property with the intention of selling or renting the property and moving on up within a few years.A Portion of the Proceeds From This Book Go to Assist the Philanthropic Endeavors of Habitat for Humanity.
Author: Norton Garfinkle
Publisher: Yale University Press
ISBN: 030013780X
Category : Political Science
Languages : en
Pages : 240
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Book Description
Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition. Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln—the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream.
