Poverty Economics

Over the last two decades, America has been falling deeper and deeper into a statistical mystery: Poverty goes up. Crime goes down. The prison population doubles. Fraud by the rich wipes out 40 percent of the world’s wealth. The rich get massively richer. No one goes to jail. In search of a solution, journalist Matt Taibbi discovered the Divide, the seam in American life where our two most troubling trends—growing wealth inequality and mass incarceration—come together, driven by a dramatic shift in American citizenship: Our basic rights are now determined by our wealth or poverty.

Once America's "arsenal of democracy," Detroit is now the symbol of the American urban crisis. In this reappraisal of America's racial and economic inequalities, Thomas Sugrue asks why Detroit and other industrial cities have become the sites of persistent racialized poverty. He challenges the conventional wisdom that urban decline is the product of the social programs and racial fissures of the 1960s.

In his previous book, The Elusive Quest for Growth, William Easterly criticized the utter ineffectiveness of Western organizations to mitigate global poverty, and he was promptly fired by his then-employer, the World Bank. The White Man's Burden is his widely anticipated counterpunch - a brilliant and blistering indictment of the West's economic policies for the world's poor.

One of Barbara Ehrenreich's most classic and prophetic works, Fear of Falling closely examines the insecurities of the American middle class in an attempt to explain its turn to the right during the last two decades of the 20th century. Weaving finely-tuned expert analysis with her trademark voice, Ehrenreich traces the myths about the middle class to their roots, determines what led to the shrinking of what was once a healthy percentage of the population, and how, in its ambition and anxiety, that population has retreated from responsible leadership.

The last acceptable form of prejudice in America is based on class and executed through state-sponsored economic discrimination. While the American meritocracy officially denounces prejudice based on race and gender, it has spawned a new form of bias against those with less education and income. Millions of working-class Americans have their opportunity blocked by exclusionary snob zoning. These government policies make housing unaffordable, frustrate the goals of the civil rights movement, and lock in inequality in our urban and suburban landscapes.

What can you get with 25 dollars and a dream? Adam Shepard graduated from college feeling disillusioned by the apathy around him and was then incensed after reading Barbara Ehrenreich's famous work Nickel and Dimed- a book that gave him a feeling of hopelessness about the working class in America. He set out to disprove Ehrenreich's theory-the notion that those who start at the bottom stay at the bottom-by making something out of nothing to achieve the American Dream.

Part social reportage, part socialist polemic, The Road to Wigan Pier sets out a hellish vision of a broken Britain before delivering a meditation on how we can create a more egalitarian society. Having travelled to the industrial north of England on assignment from his editor, Orwell's confronting, stark descriptions of the social injustice, cramped slum housing, squalor, hunger and growing unemployment he encounters are written with unblinking honesty, anger and humanity.

For more than three decades, Jeffrey D. Sachs has been at the forefront of international economic problem solving. But Sachs turns his attention back home in The Price of Civilization, a book that is essential reading for every American. In a forceful, impassioned, and personal voice, he offers not only a searing and incisive diagnosis of our country’s economic ills but also an urgent call for Americans to restore the virtues of fairness, honesty, and foresight as the foundations of national prosperity.

From the sprawling barricadas of Lima to the garbage hills of Manila, urbanization has been disconnected from industrialization, even economic growth. Davis portrays a vast humanity warehoused in shantytowns and exiled from the formal world economy. He argues that the rise of this informal urban proletariat is a wholly original development unforeseen by either classical Marxism or neoliberal theory. Are the great slums, as a terrified Victorian middle class once imagined, volcanoes waiting to erupt?

Since the dawn of the digital age, decision-making in finance, politics, health, and human services has undergone revolutionary change. Today, automated systems control which neighborhoods get policed, which families attain needed resources, and who is investigated for fraud. While we all live under this new regime of data, the most invasive and punitive systems are aimed at the poor. In Automating Inequality, Virginia Eubanks systematically investigates the impacts of data mining, policy algorithms, and predictive risk models on poor and working-class people in America.

As a care-leaver who has experienced homelessness, award-winning investigative journalist Daniel Lavelle has spent his life navigating social services that are not fit for purpose and leave many vulnerable people slipping through the cracks. For though the right to adequate housing is enshrined in the Universal Declaration of Human Rights, the reality is another, much grimmer, story.

How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: "stimulate growth first," "build good institutions first," or "some fortunate nations inherited good institutions that led to growth." Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity's capacity to innovate.

J. D. Vance erzählt die Geschichte seiner Familie - eine Geschichte vom gescheiterten Aufstieg und von der Resignation einer ganzen Bevölkerungsschicht. Seine Großeltern, echte Hillbillys, das heißt Angehörige der weißen Arbeiterschaft, versuchten, mit Fleiß und Mobilität der Armut zu entkommen und sich in der Mitte der Gesellschaft zu etablieren. Doch letztlich war alles vergeblich. Misshandlung, Alkoholismus und Armut sind wesentliche Eigenschaften des Hillbilly-Lebensstils.

For the past three decades, America has steadily become a nation of haves and have-nots. Our incomes are increasingly unequal. This steady growing apart is often mentioned as a troubling indicator by scholars and policy analysts, though seldom addressed by politicians. What economics Nobelist Paul Krugman terms "the Great Divergence" has till now been treated as little more than a talking point, a rhetorical club to be wielded in ideological battles. But this Great Divergence may be the most important change in this country during our lifetimes.

This audiobook has a simple message for business leaders: your primary goal must be to serve and raise the poor. The poor need to enter the economic system to buy products, put money in banks, and move into the middle class. This is the only approach that can possibly save the American Dream. John Hope Bryant, successful self-made businessman and founder of the nonprofit Operation HOPE, says business and political leaders are ignoring the one force that could truly re-energize the stalled American economy: the poor.

Kensington, Philadelphia, is distinguished only by its poverty. It is home to Ryan, Giancarlos, and Emmanuel, three Puerto Rican children who live among the most marginalized families in the United States. This is the story of their coming-of-age, which is beset by violence—the violence of homelessness, hunger, incarceration, stray bullets, sexual and physical assault, the hypermasculine logic of the streets, and the drug trade. In Kensington, eighteenth birthdays are not rites of passage but statistical miracles.

Prize-winning poet and journalist Eliza Griswold’s Amity and Prosperity is an expose on how fracking shattered a rural Pennsylvania town, and how one lifelong resident brought the story into the national spotlight. This is an incredible true account of investigative journalism and a devastating indictment of energy politics in America.

In a bold challenge to the conventional wisdom of both liberals and conservatives, Michael Tanner, a senior fellow at the Cato Institute, looks at the reasons for poverty in America and offers a detailed agenda for increasing wealth, incomes, and opportunity. The author argues that conservative critiques of a “culture of poverty” fail to account for the structural circumstances in which the poor live, especially racism, gender discrimination, and economic dislocation. However, he also criticizes liberal calls for fighting poverty through redistribution or new government programs.

From poverty and policing, homelessness and overrun prisons to Grenfell and hostile environments, Britain has long been failing those who need our help the most. There is arguably one unifying theme that links all these afflictions: proximity. Proximity is how close we are to the action and how that affects how we assess, relate to and address whatever that action happens to be. Almost every job requires a level of experience and training with the notable exception of the most powerful people in the country—our political class.

A riveting work of literary journalism that explores the infamous police killing of Eric Garner - from the New York Times best-selling author of The Divide.