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"In Illusions of Progress, Brent Cebul traces the rise of what he terms "supply side liberalism," a powerful and enduring orientation toward politics and the economy, race and poverty, that united local chambers of commerce, liberal policymakers and economists, and urban and rural economic planners. Beginning in the late 1930s, New Dealers tied expansive aspirations for social and, later, racial progress to a variety of economic development initiatives. In communities across the country, otherwise conservative business elites administered liberal public works, urban redevelopment, and housing programs. But by binding national visions of progress to the local interests of capital, liberals often entrenched the very inequalities of power and opportunity they imagined their programs solving. When President Lyndon Johnson launched the War on Poverty-which prioritized direct partnerships with poor and racially marginalized citizens-businesspeople, Republicans, and soon, a rising generation of New Democrats sought to rein in its seeming excesses by reinventing and redeploying many of the policy tools and commitments pioneered on liberalism's supply side: public private partnerships, market-oriented solutions, fiscal "realism," and, above all, subsidies for business-led growth now promised to blunt, and perhaps ultimately replace, programs for poor and marginalized Americans. In this wide-ranging book, Brent Cebul illuminates the often-overlooked structures of governance, markets, and public debt through which America's warring political ideologies have been expressed and transformed. From Washington, D.C. to the declining Rustbelt and emerging Sunbelt and back again,Illusions of Progress reveals the centrality of public and private forms of profit that have defined the enduring boundaries of American politics, opportunity, and inequality-in an era of liberal ascendence and an age of neoliberal retrenchment"--
Capitalism --- Poverty --- Cleveland Ohio. --- New Deal. --- New Democrats. --- Rome Georgia. --- activist. --- austerity politics. --- civil rights. --- federalism. --- fiscal conservatism. --- growth. --- inequality. --- liberalism. --- markets. --- municipal debt. --- neoliberalism. --- political history. --- poverty. --- privatization. --- public-private partnerships. --- race. --- rustbelt. --- sunbelt. --- supply side. --- war on poverty. --- United States --- Economic policy --- Politics and government
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The Great Recession not only shook Americans' economic faith but also prompted powerful critiques of economic institutions. This timely book explores three movements that gathered force after 2008: the rise of the benefit corporation, which requires social responsibility and eschews share price as the best metric for success; the emergence of a new group, Slow Money, that fosters peer-to-peer investing; and the 2011 Wisconsin protests against a bill restricting the union rights of state workers. Each case shows how the concrete actions of a group of citizens can prompt us to reflect on what is needed for a just and sustainable economic system. In one case, activists raised questions about the responsibilities of business, in the second about the significance of local economies, and in the third about the contributions of the public sector. Through these movements, Jane L. Collins maps a set of cultural conversations about the types of investments and activities that contribute to the health of the economy. Compelling and persuasive, The Politics of Value offers a new framework for viewing economic value, one grounded in thoughtful assessment of the social division of labor and the relationship of the state and the market to civil society.
Economics --- Value. --- Value --- Social responsibility of business. --- Social movements --- Common good --- Sociological aspects. --- Political aspects. --- Social aspects. --- History --- Economic aspects. --- Great Recession. --- Slow Money. --- Wisconsin Uprising. --- austerity politics. --- benefit corporations. --- corporate governance. --- economic value. --- public sector. --- shareholder value. --- Segle XXI --- Estats Units d'Amèrica
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