Available Now! (click cover)

America's Counter-Revolution
The Constitution Revisited

From the back cover:

This book challenges the assumption that the Constitution was a landmark in the struggle for liberty. Instead, Sheldon Richman argues, it was the product of a counter-revolution, a setback for the radicalism represented by America’s break with the British empire. Drawing on careful, credible historical scholarship and contemporary political analysis, Richman suggests that this counter-revolution was the work of conservatives who sought a nation of “power, consequence, and grandeur.” America’s Counter-Revolution makes a persuasive case that the Constitution was a victory not for liberty but for the agendas and interests of a militaristic, aristocratic, privilege-seeking ruling class.

Friday, September 01, 2006

Eye on the Ball

Like clockwork, the New York Times has produced another page-one story purporting to show that living standards for many Americans have fallen, this time because wages in recent years have failed to keep up with inflation. This has been happening, write Times reporters Steven Greenhouse and David Leonhardt, despite rising productivity and even taking into account the shift from cash to noncash benefits, such as medical insurance. Meanwhile, profits are up.

In other words, workers aren't getting their fair share of economic growth.
Read the rest of this week's TGIF column here.

Cross-posted at Liberty & Power.

1 comment:

quasibill said...

One problem with the Cox paper is that he ignores the elephant in the room. The paper speaks of the dorm room, as if housing is a god-given right that noone has to pay for. Well, guess what you pay more to get less of today? Ironic also is the fact that dorm room is used without any mention of the cost of college education (ironic or intentional?).

Given that necessities like housing have increased so much, is it surprising that luxury items decrease in price?

In the end, I think the feeling that we (the middle class and below) are better off than our predecessors is true, but it is by no means a given, based on the flawed studies that I've seen.