The title of this
piece is how one of the authors of a new book Winner-Take-All Politics: How
Washington Made the Rich Richer – And Turned It’s Back on the Middle Class
describes their magnificent work about how the incomes between the majority of
our citizens and the richest of the rich reached that point. Most of us know
the numbers by now that the top 1% of the top 1% in this country have half the
wealth of this country. Also these ultra rich are pretty much in control of the
government which many now call a plutocracy rather than a democracy.
The authors, Jacob S.
Hacker and Paul Pierson (Hacker is a professor of political science at Yale and
Pierson is also a professor of political science at the University of
California, Berkley) talk about how foreign trade, financial globalization,
changes in technology in the workplace, and the highly educated at the top,
which are usually blamed for our inequitable situation are not the real
culprits in the saga, rather it is American winner-take-all politics that has
created this winner-take-all economy.
They go back to the
1970’s when a Democratic president and congress (Lyndon B. Johnson) made major changes that
transformed politics. It really takes off under the Reagan administration when
big business and conservative ideologues deregulated all they could, cut taxes
for the rich and labor unions were defeated as major players in politics. It
continued under Bushes as well as Clinton. It comes to a head during the Obama
administration.
In essence winner-take-all
politics shows how the political system has been hijacked by the rich at the
expense of the middle class. They also theorize how democracy might be rebuild
to serve the interests of the many rather than the few.
This is not a quick
read as I have discovered but a very worthwhile and important book in understanding
what has happened in our country. The Christian Science Monitor poses the
question while reviewing the book as to how Republicans and Democrats are
behaving like Sunnis and Shiites in Iraq.
Their numbers can be
mind numbing such as 2009, a good year for Wall Street when the 38 top firms
earned 140 billion. Goldman Sacks paid its minions $600,000 per person.
I encourage you to
read and you will find reviews all over the internet. You can even listen to
the authors themselves on YouTube and the link below.

