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Andrew Sayer Why We Can't Afford the Rich (Paperback)
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Item specifics
- Condition
- Book Title
- Why We Can't Afford the Rich
- Publication Name
- Why We Can't Afford the Rich
- Title
- Why We Can't Afford the Rich
- Format
- Trade Paperback
- EAN
- 9781447320869
- ISBN
- 9781447320869
- Publisher
- Bristol University Press
- Genre
- Business & Economics, Social Science, Political Science
- Topic
- Political Economy, Social Classes & Economic Disparity, Sociology / General, Economics / Macroeconomics, Poverty & Homelessness, Economic Conditions, Economics / General, Public Policy / Economic Policy
- Release Date
- 11/11/2015
- Release Year
- 2015
- Language
- English
- Country/Region of Manufacture
- GB
- Item Height
- 1.5in
- Item Length
- 7.7in
- Publication Year
- 2016
- Type
- Textbook
- Item Width
- 5in
- Number of Pages
- 448 Pages
About this product
Product Information
As inequalities widen and the effects of austerity deepen, in many countries the wealth of the rich has soared. Why we can't afford the rich exposes the unjust and dysfunctional mechanisms that allow the top 1% to siphon off wealth produced by others, through the control of property and money. Leading social scientist Andrew Sayer shows how the rich worldwide have increased their ability to create indebtedness and expand their political influence. Winner of the 2015 British Academy Peter Townsend Prize, this important book bursts the myth of the rich as specially talented wealth creators. It shows how the rich are threatening the planet by banking on unsustainable growth. The paperback includes a new Afterword updating developments in the last year and forcefully argues that the crises of economy and climate can only be resolved by radical change to make economies sustainable, fair and conducive to well-being for all.
Product Identifiers
Publisher
Bristol University Press
ISBN-10
1447320867
ISBN-13
9781447320869
eBay Product ID (ePID)
219357278
Product Key Features
Book Title
Why We Can't Afford the Rich
Format
Trade Paperback
Language
English
Topic
Political Economy, Social Classes & Economic Disparity, Sociology / General, Economics / Macroeconomics, Poverty & Homelessness, Economic Conditions, Economics / General, Public Policy / Economic Policy
Publication Year
2016
Type
Textbook
Genre
Business & Economics, Social Science, Political Science
Number of Pages
448 Pages
Dimensions
Item Length
7.7in
Item Height
1.5in
Item Width
5in
Additional Product Features
Lc Classification Number
Hc79.W4
Reviews
Engagingly explains how--and why--we have such trouble seeing what the rich are doing. We are the job creators, they insist. But our rich aren't creating jobs. They're not creating wealth. They're extracting wealth from the rest of us., The value of Sayer's account lies in his readable and persuasive attack on the idea that the very richest have accumulated their wealth fairly and deserve to be allowed to accumulate more., Massive admiration for the delightful eloquence of the author, who guides readers carefully and enlighteningly through political-economic terms, concepts, and theories that can often be, in the hands of other writers, opaque and/or dangerously misleading., Engagingly explains how-and why-we have such trouble seeing what the rich are doing. We are the job creators, they insist. But our rich aren't creating jobs. They're not creating wealth. They're extracting wealth from the rest of us., Although he draws heavily on the work of others, Sayer offers new insights, in the process granting today's capitalist class--along with the mainstream political parties--very little merit at all. Why We Can't Afford the Rich adds to the growing body of work that challenges mainstream economic thinking and traditional self-justifications for inequality. It provides an extended catalogue of the multiple and often complex devices used by those with financial and economic power to grab a bigger share of the cake, manipulating the control of assets like land and money, to 'siphon off wealth that others produce.', An excellent book. . . . As Sayer insists . . . , it's not about envying the rich. That's trivial and petty. It's about rising above the sort of society that rewards a tiny fraction of people with sums of money that nobody could possibly hope to spend. Future generations will remember two types of politician. Those who built careers by surrendering to the wealthy one percent, and those who spoke out and took a stand. What should a truly responsible politician do?, A refreshing antidote to a public discourse that has allowed the perpetrators of the financial crisis to make massive gains, while the full burden of costs falls on those innocent of its causes. A must-read for all those who want to reverse that injustice and a wake-up call for the rich., Packed with useful information and insights, this is a useful complement to Thomas Pikkety's Capital in the Twenty-First Century , and makes a serious challenge to the many claims propagated by rich people and their minions., Those who own and run the United Kingdom's privatized or semi-privatized services make stupendous fortunes by investing little and charging much. In Russia and India, oligarchs acquired state assets through firesales. In Mexico, Carlos Slim was granted control of almost all landline and mobile phone services and soon became the world's richest man. Financialization, as Sayer notes in Why We Can't Afford the Rich , has had a similar impact. . . . As the poor become poorer and the rich become richer, the rich acquire increasing control over another crucial asset: money. Interest payments, overwhelmingly, are a transfer of money from the poor to the rich. As property prices and the withdrawal of state funding load people with debt (think of the switch from student grants to student loans), the banks and their executives clean up. Sayer argues that the past four decades have been characterized by a transfer of wealth not only from the poor to the rich, but within the ranks of the wealthy: from those who make their money by producing new goods or services to those who make their money by controlling existing assets and harvesting rent, interest, or capital gains. Earned income has been supplanted by unearned income., This timely and important book exposes the pernicious influence of the super rich on our economic and social fabric. It underlines the need for radical action to redistribute wealth, re-balance our economy and tackle inequality. A must read for politicians and policymakers alike., Talking about unfairness, savvy egalitarians have always understood, only gets us so far. Count British social scientist Sayer among these savvy egalitarians. . . . Why We Can't Afford the Rich takes on--and demolishes--the old canards that apologists for grand fortune regularly trot, everything from 'When did you last get a job from a poor person?' to 'You can't make the poor rich by making the rich poor.', Unmatched in persuasive argument and compelling illustrations, Andrew Sayer shows how the rich and the super-rich are destroying not just the economy but the planet too. Everyone should read Why We Can't Afford the Rich and spread the word., An excellent critique of capitalism as well as a critique of the rich. . . . Presents a nuanced, well-informed vision, which speaks from the perspective of a moral economy. . . . I recommend this book to politicians, people interested in social change, NGOs, academics, and all those people, whether they belong to the 99% or the 1%, who have an inclination to come to a critical understanding of the status quo, and who wish to contribute to a world that sustains us, that is more economically and socially just, and that is ready to receive future generations., Thought-provoking . . . a persuasive examination of the rich, the sources of their wealth, and their impact on the planet and its less fortunate inhabitants. . . . A cogent and thoroughly convincing argument that will enlighten and inform--and may even help instigate the radical changes Sayer puts forth., Bursting with . . . jaw-dropping data, leaving the reader reeling in disbelief and indignation that the global elite ha[s] amassed such obscene fortunes and shows no sign of slowing down in its insatiable appetite for financial and material excess. The author goes beyond the headline-grabbing examples of super-rich extravagance, however, to construct an incisive analysis of the origins and development of capitalist greed. Anybody looking for an understandable but insightful introduction to political economy need look no further., His analysis and critique of the rule of the rich is clear, well researched and compelling. . . . The book's explanation of the different sources of unearned income the rich appropriate was a highlight. Sayer takes the reader through income, rent, interest and profit from production, in each case showing how the law, social norms and other things normalize economic injustice. He also offers an incisive point-by-point refutation of arguments that the rich deserve the wealth they supposedly 'create' or are 'due.', Cuts through the hype so often used to defend growing inequality and gets to the core of the problem, with suggestions about where solutions may come from., Nobody talks anymore about the lack of jobs. If you're out of work, it's your own fault. You're probably a loser. Sayer points out that the word 'loser' is a term of abuse rather than compassion. The cheats in our society are not considered the tax evaders or bribers of politicians, but those who must turn to the government for help. . . . Sayer's proposed remedy is increased taxes on the wealthy, more regulation of the financial industry, and greater participation of employees in business ownership. But most important is concern for the public good and the moral vision to see each of us as part of an interdependent social network., Sayer shows how financial markets came to overshadow the traditional industrial economy, exacerbating the depth of the economic crisis and increasing the share of the rich in national wealth in the process. . . . Sayer's penetrating analysis of asset-based unearned income is a powerful case for socialism, supporting as he does land nationalization and the creation of banks with the remit to lend for productive investment in ethical and environmentally sustainable business. Well worth a read., Nobody talks anymore about the lack of jobs. If you're out of work, it's your own fault. You're probably a loser. Sayer points out that the word 'loser' is a term of abuse rather than compassion. The cheats in our society are not considered the tax evaders or bribers of politicians, but those who must turn to the government for help. . . . Sayer's proposed remedy is increased taxes on the wealthy, more regulation of the financial industry, and greater participation of employees in business ownership. But most important is concern for the public good and the moral vision to see each of us as part of an interdependent social network., Although he draws heavily on the work of others, Sayer offers new insights, in the process granting today's capitalist class--along with the mainstream political parties--very little merit at all. Why We Can't Afford the Rich adds to the growing body of work that challenges mainstream economic thinking and traditional self-justifications for inequality. It provides an extended catalogue of the multiple and often complex devices used by those with financial and economic power to grab a bigger share of the cake, manipulating the control of assets like land and money, to 'siphon off wealth that others produce.', Sayer's brilliant dissection of where the rich get their wealth from, and how they seek to justify it, ought to be required reading for anyone seeking to understand what is wrong with our problem-filled world. . . . His analysis and critique of the rule of the rich is clear, well researched, and compelling. . . . The book's explanation of the different sources of unearned income the rich appropriate was a highlight. Sayer takes the reader through income, rent, interest and profit from production, in each case showing how the law, social norms and other things normalize economic injustice. He also offers an incisive point-by-point refutation of arguments that the rich deserve the wealth they supposedly 'create' or are 'due.', Substantial. . . . Sayer proceeds very systematically with arguments that may be disliked but which are internally coherent, and with facts that are excessively selective at times but not dubious in themselves. Most important, Sayer does not invent economic mechanisms in the way that populists often do, never forgetting that cake-making must come before cake-distribution, even while rejecting each version of the argument that redistribution inhibits growth., This is a quietly angry book, full of facts and figures that show the rich to be a major cause of the inequality that Wilkinson and Pickett revealed in their book The Spirit Level and of the injustice that Danny Dorling described in his book Injustice ., Talking about unfairness, savvy egalitarians have always understood, only gets us so far. Count British social scientist Sayer among these savvy egalitarians. . . . Why We Can't Afford the Rich takes on--and demolishes--the old canards that apologists for grand fortune regularly trot, everything from 'When did you last get a job from a poor person?' to 'You can't make the poor rich by making the rich poor.'
Publication Name
Why We Can't Afford the Rich
Table of Content
Introduction;Part I: A Guide to Wealth Extraction;Slippery Terms and Vital Distinctions;For rent . . . for what?;Interest . . . for what? or We need to talk about usury;Profit from production: or capitalists and rentiers: what's the difference?;Other ways to skin a cat;Don't the Rich Create Jobs? - and other objections;Part II: Putting the Rich in Context: What Determines What People Get?;To what do we owe our wealth?: Our dependence on the commons;So what determines pay?;The myth of the level playing field;Part III: How the Rich Got Richer: Their Part in the Crisis;The roots of the crisis;Key winners;Summing up: the crisis and the return of the rentiers;Part IV: Rule by the Rich, for the Rich;Silent power, pol donations lattice of influence;Hiding it;Illegal? + poachers;What about philanthropy?;Plutonomy;Part V: Ill-gotten and Ill-spent: From Consumption to Ill-Being and CO2;Spending it;Global warming trumps everything;Conclusion: back to basics - what kind of economy do we need?., Introduction Part I: A Guide to Wealth Extraction Slippery Terms and Vital Distinctions For rent . . . for what? Interest . . . for what? or We need to talk about usury Profit from production: or capitalists and rentiers: what's the difference? Other ways to skin a cat Don't the Rich Create Jobs? - and other objections Part II: Putting the Rich in Context: What Determines What People Get? To what do we owe our wealth?: Our dependence on the commons So what determines pay? The myth of the level playing field Part III: How the Rich Got Richer: Their Part in the Crisis The roots of the crisis Key winners Summing up: the crisis and the return of the rentiers Part IV: Rule by the Rich, for the Rich Silent power, pol donations lattice of influence Hiding it Illegal? + poachers What about philanthropy? Plutonomy Part V: Ill-gotten and Ill-spent: From Consumption to Ill-Being and CO2 Spending it Global warming trumps everything Conclusion: back to basics - what kind of economy do we need?
Copyright Date
2015, 2014
Target Audience
Trade, Scholarly & Professional
Dewey Decimal
339.2
Dewey Edition
23
Illustrated
Yes
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