| Description |
xiii, 525 pages : illustrations ; 25 cm |
| Series |
Politics and society in modern America |
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Politics and society in modern America.
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| Bibliography |
Includes bibliographical references (pages 447-504) and index. |
| Contents |
Part I. "The economy, stupid". How Arkansas educated Bill Clinton -- "The Cold War is over: Germany and Japan won" -- Winning the presidency -- Part II. Market Managers. Managing health care capitalism -- Health care corporatism in failure and success -- Opening Japan: a detour on the road to Neoliberalism -- Part III. Market Champions. Budget and boom -- NAFTA and its discontents -- Grand illusions: reinventing the American workplace -- Part IV. The New Deal in eclipse. Underclass men and welfare mothers -- The China price -- The committee to save the world -- Deregulating finance. |
| Summary |
"When Bill Clinton was elected president in 1992, he was surrounded by advisors with radical ideas about everything from economic management to health care reform to labor relations to social policy. With the White House and Congress under full Democratic control, a new, more equitable vision of American capitalism seemed possible-even likely. And indeed, over the course of the 1990s, the economy performed remarkably well, real wages rose, and unemployment was at a 25-year low. In a 2001 book, Alan Blinder and Janet Yellen would term it "The Fabulous Decade." And yet today, Clinton's 8 years in office are seen by those on the left as a monumental failure, with these short-term gains achieved thanks to a full-sale capitulation to the neoliberal ideology of the right, which brought with it financial deregulation, privatization of government services, and the growth of class inequalities. In this comprehensive and sweeping political history of the 1990s, Nelson Lichtenstein considers why the Clinton White House ended up embracing neoliberalism so fully, despite the array of other options available-options being championed by those around Clinton, and sometimes even Clinton itself. Exploring the major issues of the time-deficit politics, NAFTA, labor relations, tech regulation, mass incarceration, and more-Lichtenstein reveals an "intellectual history of an economy that wasn't," and explores why neoliberalism was cemented into the US's economic and financial system by the end of Clinton's term in office"-- Provided by publisher. |
| Subject |
Clinton, Bill, 1946-
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United States -- Politics and government -- 1993-2001.
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United States -- Economic conditions -- 1981-2001.
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Clinton, Bill, 1946- (OCoLC)fst00088204
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Economic history (OCoLC)fst00901974
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Politics and government (OCoLC)fst01919741
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United States (OCoLC)fst01204155
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| Chronological Term |
1981-2001
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| Added Author |
Stein, Judith, 1940-2017, author.
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| Other Form: |
Online version: Lichtenstein, Nelson, 1944- Fabulous failure Princeton : Princeton University Press, [2023] 9780691245515 (DLC) 2022040788 |
| ISBN |
9780691245508 (hardback) |
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0691245509 (hardback) |
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9780691245515 (ebook) |
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