Current Affairs


Wednesday, December 12, 2012

Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else

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"Exploration of the increase in global economic inequality. You don't need a CPA to know which way the wind blows. Unless you're one of the rich or superrich, the 1 percent or the 1 percent of the 1 percent, then you won't be comforted to know that it blows against you: The rich are getting richer, and the rest of us...well, not so much. Thus the overarching theme of Thomson Reuters digital editor Freeland's (Sale of the Century: The Inside Story of the Second Russian Revolution, 2000) latest book, much of which, at least superficially, isn't really news. Dig deeper, though, and the author offers fresh takes on many key points. Are the rich happy? You'd think that all that money would take some of the burden off, but income inequality is an uncomfortable subject even for them. "That's because even--or perhaps particularly--in the view of its most ardent supporters," she writes, "global capitalism wasn't supposed to work quite this way." Level playing field? No way: The playing field is landscaped so that money rolls toward those who already have it. Equal opportunity? See the preceding point. Yet, Freeland continues, the switcheroo that robbed the middle class of its gains in the transition to "the America of the 1 Percent" is so new that our ways of talking and thinking about capitalism haven't caught up to reality, so that "when it comes to income inequality, Americans think they live in Sweden--or in the late 1950s." Smart, talking-point-friendly and full of magazine-style human-interest anecdotes, Freeland's account serves up other news, including the grim thought that recovery may never come for those outside the favored zone, as well as some provocative insights on how the superaffluent (don't say rich, say affluent--it avoids making the rich feel uncomfortable) view the rest of us. Not exactly the Communist Manifesto, but Freeland's book ought to make news of its own as she makes the rounds--well worth reading."  (Kirkus Reviews)

Wednesday, December 5, 2012

What's the Matter with White People?: Why We Long for a Golden Age That Never Was

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"In "What's the Matter with White People?," popular "Salon" columnist Joan Walsh argues that the biggest divide in America today is not about party or ideology, but about two competing narratives for why everything has fallen apart since the 1970s. One side sees an America that has spent the last forty years bankrupting the country providing benefits and advantages to the underachieving, the immoral, and the undeserving, no matter the cost to Middle America. The other sees an America that has spent the last forty years bankrupting the country providing benefits and advantages to the very rich, while allowing a measure of cultural progress for the different and the downtrodden. It matters which side is right, and how the other side got things so wrong.
Walsh connects the dots of American decline through trends that began in the 1970s and continue today--including the demise of unions, the stagnation of middle-class wages, the extension of the right's "Southern Strategy" throughout the country, the victory of Reagan Republicanism, the increase in income inequality, and the drop in economic mobility.
Citing her extended family as a case in point, Walsh shows how liberals unwittingly collaborated in the "us vs. them" narrative, rather than developing an inspiring, persuasive vision of a more fair, united America. She also explores how the GOP's renewed culture war now scapegoats even segments of its white base, as it blames the troubles of working-class whites on their own moral failings rather than on an unfair economy.
"What's the Matter with White People?" is essential reading as the country struggles through political polarization and racial change to invent the next America in the years to come." (Publisher Description)

Stranger to History: A Son's Journey Through Islamic Lands

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" There are so many layers to this touching book. At its most basic level, it is about the relationship between a father and a son, but it is also about the complex political situation unraveling in Pakistan, and, subsequently, about the irrevocable rift between the same father and son. It is also about the idea of Pakistan, which inevitably means, Taseer explains, its opposition to India. He chronicles a poignant pilgrimage because his account is also about the loss of his father. Salman Taseer, the governor of the province of Punjab, was assassinated by his bodyguard for being an enemy of the Muslim faith. His crime was defending a Christian woman accused of blasphemy. In addition, Stranger to History is a prophetic book. As Taseer recalls his eight-month journey in Pakistan, Turkey, Syria, and Iran, he witnesses intimations of turmoil to come: the anger leading up to the Arab Spring, the faces of the now suppressed Green Revolution following the disputed election of Iranian president Mahmoud Ahmadinejad, and the atrocities of the Assad regime. Moving and exceedingly relevant"  (Booklist)