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Deaths of Despair and the Future of Capitalism

Angus Deaton, Anne Case

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

A New York Times Bestseller
A Wall Street Journal Bestseller
A New York Times Notable Book of 2020
A New York Times Book Review Editors’ Choice
Shortlisted for the Financial Times and McKinsey Business Book of the Year
A New Statesman Book to Read


From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class

Deaths of despair from suicide, drug overdose, and alcoholism are rising dramatically in the United States, claiming hundreds of thousands of American lives. Anne Case and Angus Deaton explain the overwhelming surge in these deaths and shed light on the social and economic forces that are making life harder for the working class. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. This critically important book paints a troubling portrait of the American dream in decline, and provides solutions that can rein in capitalism's excesses and make it work for everyone.

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Schlagwörter

Health insurance, Cardiovascular disease, Abuse, Relapse, Expense, Investor, Profiteering (business), Heroin, Income, Coal mining, Economist, Social cost, Crack epidemic, Mortality rate, Racism, Supply (economics), Economic inequality, Death, Poverty in the United States, Hedge fund, Monopoly profit, Outsourcing, Wrongdoing, Americans, Great Recession, Typhus, Opioid, Physician, Employment, Addiction, Drug overdose, Social disintegration, Dystopia, Income distribution, Opioid use disorder, Life expectancy, Slavery, Liver cancer, Bankruptcy of Lehman Brothers, Consumption (economics), Globalization, Price fixing, Inflation, Social exclusion, Capitalism, American Capitalism, Mining, Bachelor's degree, Unemployment, Death spiral (insurance), Tobacco Master Settlement Agreement, Crony capitalism, Poverty, Health care, Stock market crash, Depression (mood), Insurance, Poverty threshold, Self-report study, Monopoly price, Market power, Wage, Mental distress, Creative destruction, Trade secret, Epidemic, Labour economics, Shareholder, Calculation, Competition