The Great Risk Shift

The Great Risk Shift

The Assault on American Jobs, Families, Health Care, and Retirement and How You Can Fight Back

Book - 2006
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America's leaders say the economy is strong and getting stronger. But ordinary Americans aren't buying it. They see what the rosy statistics hide: We are all struggling under the weight of terrifying economic instability. No matter how well educated and hard working we are, we know that thebottom can fall out at any moment. Meanwhile, the safety net that once protected us is fast unraveling. With retirement plans in growing jeopardy while health coverage erodes, more and more economic risk is shifting from government and business onto the fragile shoulders of the American family. In The Great Risk Shift, Jacob S. Hacker lays bare this unsettling new economic climate, showing how it has come about, what it is doing to our families, and how we can fight back. Behind this shift, he contends, is the Personal Responsibility Crusade, eagerly embraced by corporate leadersand Republican politicians who speak of a nirvana of economic empowerment, an "ownership society" in which Americans are free to choose. But as Hacker reveals, the result has been quite different: a harsh new world of economic insecurity, in which far too many Americans are free to lose. The book documents how two great pillars of economic security--the family and the workplace--guarantee far less financial stability than they once did. The final leg of economic support--the public and private benefits that workers and families get when economic disaster strikes--hasdangerously eroded as political leaders and corporations increasingly cut back protections of our health care, our income security, and our retirement pensions. Hacker concludes by advocating an "insurance and opportunity society" that would safeguard economic security and expand economicopportunity, ensuring that all Americans have the basic financial security they need to reach for and achieve the American Dream. Jacob Hacker brings into focus as never before the pressures that the Great Risk Shift exerts on our pocketbooks and on our lives. Blending powerful human stories, big-picture analysis, and compelling ideas for reform, this remarkable volume will hit a nerve, serving as a rallying point in thevital struggle for economic security in an increasingly uncertain world.
Publisher: Oxford ; New York : Oxford University Press, 2006.
ISBN: 9780195179507
0195179501
Branch Call Number: 330.973
Characteristics: xii, 240 p. : ill. ; 24 cm.

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StarGladiator
Feb 06, 2015

This is fundamentally the type of murky, status quo book masquerading as radical or liberal one would expect from a Yale faculty member. Write your crooked congress critter, people, and that will suffice; but be sure to read Retirement Heist, by Ellen Schulz, or Open Secret, by Erin Arvedlund, or The Divide, by Matt Taibbi, et cetera, et cetera, et cetera!

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