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Deaths of Despair and the Future of Capitalism
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About Deaths Of Despair And The Future Of Capitalism
Product Description A New York Times BestsellerA Wall Street Journal BestsellerA New York Times Notable Book of 2020A New York Times Book Review Editors' ChoiceShortlisted for the Financial Times and McKinsey Business Book of the YearA New Statesman Book to ReadFrom economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working classLife expectancy in the United States has recently fallen for three years in a row―a reversal not seen since 1918 or in any other wealthy nation in modern times. In the past two decades, deaths of despair from suicide, drug overdose, and alcoholism have risen dramatically, and now claim hundreds of thousands of American lives each year―and they're still rising. Anne Case and Angus Deaton, known for first sounding the alarm about deaths of despair, 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. They demonstrate why, for those who used to prosper in America, capitalism is no longer delivering.Deaths of Despair and the Future of Capitalism paints a troubling portrait of the American dream in decline. For the white working class, today's America has become a land of broken families and few prospects. As the college educated become healthier and wealthier, adults without a degree are literally dying from pain and despair. In this critically important book, Case and Deaton tie the crisis to the weakening position of labor, the growing power of corporations, and, above all, to a rapacious health-care sector that redistributes working-class wages into the pockets of the wealthy. Capitalism, which over two centuries lifted countless people out of poverty, is now destroying the lives of blue-collar America.This book charts a way forward, providing solutions that can rein in capitalism’s excesses and make it work for everyone. Review "A New York Times Bestseller" "One of New Statesman's Books to Read in 2020" "Excellent.", Joyce Carol Oates on Twitter "One of the Financial Times Selected Titles for 2020 Visions: The Year Ahead in Books" "Why economics really matters is illustrated in Deaths of Despair and the Future of Capitalism. . . . The authors argue that the capitalism that lifted countless people out of poverty is now destroying blue-collar America. They have solutions to make it work for all. They had better be right.", New Scientist " [A] remarkable and poignant book."---Dani Rodrik, Project Syndicate "We Americans are reluctant to acknowledge that our economy serves the educated classes and penalizes the rest. But that’s exactly the situation, and Deaths of Despair shows how the immiseration of the less educated has resulted in the loss of hundreds of thousands of lives, even as the economy has thrived and the stock market has soared."---Atul Gawande, New Yorker "Timely and important."---Ed Balls, Financial Times "Well-researched, compassionate."---Susan Babbitt, New York Journal of Books "An excellent book."---Nicholas Kristof, New York Times "A remarkable new book."---John Harris, The Guardian "The system is broken and every bit of it needs fixing. This is a sobering – and essential – book."---Diane Coyle, Enlightened Economist "Disturbing. . . . . Case and Deaton do a great job making the case that something has gone grievously wrong."---Jim Zarroli, NPR "[Case and Deaton] dive into and weave the data through different demographic and clinical lenses ― race, gender, age, social connectedness, work history, and the most important through-line: education. Thus Case and Deaton connect the dots, literally, in the many charts that explain what factors are driving the Deaths of Despair."---Jane Sarasohn-Kahn, Health Populi Blog "The rise in premature deaths among working-class whites has become a national crisis, and the authors tie the problem to the weakening position of labor, the growing power of corporations, and t
