By Donald L. Barlett and James B. Steele
PublicAffairs: New York
Before beginning Donald Barlett and James Steele's
The Betrayal of the American Dream,
put away any implements with which you might be tempted to harm
yourself. This is grim, grim stuff. Some of the grimmest stuff possible:
an unvarnished picture of the place of middle- and working-class people
in our economy, with a glimpse of the political and economic forces
putting the squeeze on that place.
Much of the material in the book will be familiar if you follow
progressive media—if you're a regular reader of Daily Kos or Paul
Krugman or a watcher of Chris Hayes or any number of others—but having
so much of that information compiled in one relentless, compulsively
readable volume is ... a lot. Imagine reading a year's worth of class
war-themed blog posts or magazine articles or newspaper columns—the
big-picture ones filled with numbers and facts and the history of tax
and regulatory policy, mostly, seeded with a few affecting individual
stories bringing home how brutally the numbers and facts and policies
hit actual people. Only whereas you get a break between the short
pieces, time to catch your breath and decide when to go back for more,
The Betrayal of the American Dream just keeps gathering steam.
Really, there's nothing for the book to do but keep gathering steam,
though, since while the problems come through loud and clear, the
solutions are not nearly as well developed. That's a common problem for a
book like this, and with good reason: if it was obvious how to fix
things, we'd probably be making more progress toward doing so. But
The Betrayal of the American Dream
suffers from the lack of solutions more than most, because it actively
undermines the hope that solutions are possible. Barlett and Steele are
correct to emphasize the degree to which the rich and powerful
(corporations and people) operate by a different set of rules than the
rest of us, writing, for instance, that:
Because they conduct business around the world and move
money in and out of tax havens and other countries to secure the lowest
possible rate, many [U.S. multinational corporations] stash their cash
offshore rather than bring it home, where they would be obliged to pay
taxes on it.
They will bring it back only if Washington will agree to a tax
holiday. [...] If you want to understand the differences between you and
the ruling class, try that ploy with the IRS someday. Just tell them if
they don't lower your tax rate you are going to move your money to
another country.
It's important to be clear that the existence of two sets of rules is
part of the problem. And it's important to be clear, as Barlett and
Steele are, that Republicans are not the only problem, that Democratic
politicians are complicit in many of the policies that perpetuate and
solidify this system. (Even if at times it feels a bit unfair that they
emphasize the participation of Democrats while taking for granted that
Republicans are acting to the detriment of the working and middle
classes.) But the grim tone, the lack of proposed solutions, the lack of
any indication that there are forces fighting the expansion of this
system, make you feel as hopeless as you feel angry after reading it.
The Betrayal of the American Dream
would benefit from providing even a little more perspective on ways to
fight, on people and movements that are fighting, on leverage points.
The final chapter offers some policy ideas, but it would be helpful to
hear more about those throughout.
Nonetheless, the book is packed with important information and
examples of the damage wrought by policies that allow companies to, for
instance, avoid taxes, profit from sending jobs overseas, and strip
workers of their pensions. And it does the important work of making
clear just how badly the deck is stacked against the 99 percent. In the
final analysis, if you're the sort of person who responds to an
overwhelming dose of that knowledge by becoming too depressed to fight,
avoid
The Betrayal of the American Dream. But if getting mad primes you to fight, by all means, read this.