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The Vanishing Middle Class_ Prejudice and Power in a Dual Economy by Peter Temin ePUB eBOOK-ZAK

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The Vanishing Middle Class_ Prejudice and Power in a Dual Economy by Peter Temin ePUB
eBOOK-ZAK

The United States is becoming a nation of rich and poor, with few families in the middle. In this
book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that
American history and politics, particularly slavery and its aftermath, play an important part in the widening gap
between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the
rich/poor divide in America and outlines ways to work toward greater equality so that America will no longer have one
economy for the rich and one for the poor.

Many poorer Americans live in conditions resembling those of a
developing country - substandard education, dilapidated housing, and few stable employment opportunities. And although
almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to
the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients
of social programs as the other - black, Latino, not like "us". Moreover, politicians use mass incarceration
as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison
system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

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