Presents a summary and review of Phillips's book on wealth in the United States.
Written in 2004; 2,069 words; 0 sources; $ 65.95
Paper Summary:
This is a positive review of Kevin Phillips's account of the history and evolution of wealth in the United States. The paper looks at historical figures that Phillips admires most, Phillips's ideas about income disparity and the concentration of wealth in the hands of few, the interface between politics and economics, and how Phillips handles the history of the economic development of the United States.
From the Paper:
"Phillips shows his unabashed admiration for political and economic progressives, including Teddy Roosevelt and Ralph Nader. Although he asserts his Republican background early in the text, Phillips ascribes more to the classical vision of Republicans like Abraham Lincoln and Theodore Roosevelt. These fine presidents endeavored to curb the unhealthy cancerous growth of American corporations. The seeds for economic inequality and political disenfranchisement were planted centuries ago; despite the measures proposed and enacted by progressive politicians in the past, the problems and its side-effects still remain. Remarkably, Phillips notes that many of the most outspoken and successful reformers were wealthy: Teddy Roosevelt, Thomas Jefferson, and FDR. This does not, as some suggest, reflect class warfare, but rather an ideological one."
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