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Keeping up with the Dow Joneses

Keeping up with the Dow Joneses

Stocks, Jails, Welfare

by Vijay Prashad and Alfredo Molano
Paperback
Publication Date: 01/02/2004

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Vijay Prashad assesses a range of related issues: the oft-vaunted US economy, propped up by the rising debt of poor and middle-class workers; welfare policies that punish those attempting to escape the grip of debt and poverty; and a prison industry that regulates and houses the unemployed, as well as a reserve army of laborers.Prashad argues that the advent of mass production and advertising has converted citizens into consumers whose desires are captured by the phrase "keeping up with the Joneses."Yet, as Prashad so persuasively demonstrates, "keeping up with the Joneses" is a trap: Americans have gone into massive consumer debt, with the poorest forty percent of the public borrowing money to compensate for stagnant incomes, not to spend on luxuries. Only the richest twenty percent borrow money to invest in stocks. Not surprisingly, in the last few years, income and wealth differentials have risen to record highs.By making crystal-clear connections between the economy, welfare reform and the profit-driven prison industrial complex, Prashad offers a vision for a sustainable and vital anti-imperialist movement.'A brilliant analysis of the American and world economy, Prashad throws a sharp light on capitalism as a system, and its alliance with government. The research is impressive, the style lively, and the subject profoundly important to all who want a more equitable world.'--Howard Zinn
ISBN:
9780896086890
9780896086890
Category:
Penology & punishment
Format:
Paperback
Publication Date:
01-02-2004
Language:
English
Publisher:
South End Press
Country of origin:
United States
Dimensions (mm):
215.9x137.16x15.24mm
Weight:
0.28kg

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