Programs of economic security and progressive taxation provided a floor of protection and business focused on the pursuit of profit-and government addressed needs business could not. Public investments in education, science, transportation, and technology laid the foundation for broadly based prosperity. In this bargain, government and business were as much partners as rivals. 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.
They trace the economic and political history of the United States over the last century and show how a viable mixed economy has long been the dominant engine of America’s prosperity.
Hacker and Paul Pierson explained how political elites have enabled and propelled plutocracy. From the groundbreaking author team behind the bestselling Winner-Take-All Politics, a timely and topical work that examines what’s good for American business and what’s good for Americans-and why those interests are misaligned.
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