Showing results by author "Paul Pierson" in All Categories

We all know that the very rich have gotten a lot richer these past few decades while most Americans haven't. In fact, the exorbitantly paid have continued to thrive during the current economic crisis, even as the rest of Americans have fallen behind. Why do the "have-it-alls" have so much more? Lots of so-called experts claim to have solved this great mystery, but no one has really gotten to the bottom of it---until now.

Like every other prospering democracy, the United States developed a mixed economy that channeled the spirit of capitalism into strong growth and healthy social development. In this bargain, government and business were as much partners as rivals. Public investments in education, science, transportation, and technology laid the foundation for broadly based prosperity.

In Let Them Eat Tweets, best-selling political scientists Jacob S. Hacker and Paul Pierson offer a definitive answer: the Republican Party serves its plutocratic masters to a degree without precedent in modern global history. Conservative parties, by their nature, almost always side with the rich. But when faced with popular resistance, they usually make concessions, allowing some policies that benefit the working and middle classes. After all, how can a political party maintain power in a democracy if it serves only the interests of a narrow and wealthy slice of society?