Author:
Kelly, Nathan J. author.
ImprintChicago : The University of Chicago Press, 2019.
Description206 pages : illustrations ; 23 cm.
Note:Contemporary politics and the perpetuation of inequality --An inescapable plutocracy? --Public preferences and economic inequality --Elections and the inequality trap --Partisan convergence and financial deregulation --Polarization and policy stagnation --Can we escape the trap?
Bibliography Note:Includes bibliographical references (pages 179-191) and index.
Note:"In this book Nate Kelly argues that rising concentrations of wealth creates a politics that makes reducing economic inequality more difficult. Kelly convincingly demonstrates that the concentration of economic resources in a small group leads to a concentration of economic and political power that in turn creates a self-perpetuating plutocracy or an "inequality trap." As economic resources become concentrated, those who control them engage in a variety of political activities that seek to perpetuate their advantages. Among other things, the rich support a broad public campaign that convinces voters that policies to reduce inequality are unwise and not in the average voter's interest, notwithstanding the real economic impact. They also manipulate the formal division of our government into separate branches and a federal system to their advantage."-- Provided by publisher.
