borrowing, working longer, and spendingsavings (60-64).
Ch. 9: The Future without CopingMechanisms.
But these mechanismscan no longer avail (64-69).
Ch. 10: Why China Won't Save Us.
The notion that Chinese demand will liftthe U.S. economy is wishful thinking (69-74).
Ch. 11: No Return to Normal.
Givencurrent conditions, the U.S. economycannot return to normal (75-76).
PART II: BACKLASHCh. 1: The 2020 Election.
Imaginesthe victory of an isolationist anti-bigbusiness, anti-big governmentIndependence Party, with disastrouseconomic consequences (79-81).
Ch. 2: The Politics of Economics,2010-2020.
How the economy couldtank (82-84).
Ch. 3: Why Can't We Be Content withLess?
The notion that we could learn tobe happy with less is seductive andpartly true (85-89).
Ch. 4: The Pain of Economic Loss.
But loss has more of an impactpsychologically than gain (89-92).
Ch. 5: Adding Insult to Injury.
Growing inequality produces frustrationand resentment (92-100).
Ch. 6: Outrage at a Rigged Game.
Most intolerable and infuriating of all isthe sense that the game is rigged (101-14).
Ch. 7: The Politics of Anger.
Thesefactors will produce a nasty politics of which the Tea Party is a harbinger (114-23).
PART III: THE BARGAIN RESTOREDCh. 1: What Should Be Done: A NewDeal for the Middle Class.
Ratherthan making a moral argument, Reichappeals to economics and politics (127-28). Proposals: a reverse income tax, acarbon tax, higher marginal tax rates forthe wealthy, introduction of areemployment system, school vouchersbased on family income, college loanslinked to subsequent earnings, Medicarefor all, investment in public goods likelibraries and public transportation,campaign finance reform (129-40).
Ch. 2: How It Could Get Done.
So farthe Obama administration has not beenable to address economic and politicalreform (141-43). Enlightened businessleaders may embrace change (143-45).Optimism that Americans will embracereform rather than reaction (145-56).
Colleagues indialogue, students, assistant, "mypartner, Perian Flaherty," and agent.
About the Author.
wassecretary of labor under Clinton. He isChancellor's Professor of Public Policy atUC Berkeley. He is the author of a dozenbooks, most notably
The Work of Nations.
Additional information. RobertReich
was born (with Fairbanks disease—he is 4' 10-1/2" tall) on June 24, 1946,in Scranton, PA. In 1968 he graduated
summa cum laude
from Dartmouth andwas a Rhodes Scholar. He holds a J.D.from Yale Law School. After clerking for Judge Frank M. Coffin on the U.S. CircuitCourt of Appeals for the First Circuit, hewas assistant to U.S. Solicitor GeneralRobert Bork (1974-1976) and served inthe Carter administration at the Federal