Debt, the Systematically Neglected Elephant in the Room (Paperback)
Idioma: inglés
Editorial: Independently Published, 2026
- Tapa blanda
- Nuevo
Librería: Grand Eagle Retail, Bensenville, IL, Estados Unidos de AmericaGrand Eagle Retail
Vendedor de AbeBooks desde 12 de octubre de 2005
Condición: Nuevo
EUR 18,08
Cantidad disponible: 1 disponibles
Añadir al carritoDescripción del artículo del vendedor
Paperback. Debt isn't just a number on your credit card or mortgage. It's the quietly dominant force that has reshaped the entire American economy, and most people still don't see it.In Debt, The Systematically Neglected Elephant in the Room, discover how debt evolved from a financial tool into the central organizing principle of our economy. Starting with Nixon's 1971 decision to close the gold window, through Reagan-era tax cuts and deregulation, and into the rise of shareholder primacy, this book reveals how leverage became the preferred substitute for real discipline.Corporations embraced debt-financed stock buybacks and leveraged buyouts to boost short-term share prices and executive pay. What followed was predictable: risk was transferred away from balance sheets and onto workers, households, and communities. Wages stagnated while productivity soared. Jobs became contingent. Pensions vanished. Healthcare and education turned into debt traps. Retirement shifted from a guarantee to a gamble. The American Dream itself was quietly repurposed into the final shock absorber for a fragile, leveraged system.This is not a story of personal failure or bad luck. It's a story of deliberate design choices, financialization, short-term incentives, and the normalization of extraction that hollowed out resilience while preserving the appearance of growth. Every crisis (dot-com, housing, COVID) exposed the same pattern: the costs are socialized, the gains privatized.More than a diagnosis, this book offers clarity and a path forward. It presents clear design principles for a more durable form of capitalism: risk must stay with capital, time horizons must lengthen, slack and redundancy must be valued, and failure must be contained rather than allowed to cascade.Written in straightforward, non-technical language with sharp historical insight, this book connects the dots between policy decisions, corporate strategy, generational decline, and daily economic anxiety. If you've ever felt that the game is rigged, wages no longer buy security, or that something fundamental has broken-this book names the elephant in the room.For anyone seeking to understand why the economy feels increasingly brittle for working Americans, and what real change would actually require.This is essential reading. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…
N° de ref. del artículo 9798246730775
- Título
- Debt, the Systematically Neglected Elephant in the Room (Paperback)
- Autor
- Scott D. Medlock
- Editorial
- Independently Published
- Año de publicación
- 2026
- Estado
- new
- Encuadernación
- Paperback
- Idioma
- inglés
- ISBN 13
- 9798246730775
- Serie
- Libro 1 de 2: Foundations of the Golden Age
Debt isn’t just a number on your credit card or mortgage. It’s the quietly dominant force that has reshaped the entire American economy, and most people still don’t see it.
In Debt, The Systematically Neglected Elephant in the Room, discover how debt evolved from a financial tool into the central organizing principle of our economy. Starting with Nixon’s 1971 decision to close the gold window, through Reagan-era tax cuts and deregulation, and into the rise of shareholder primacy, this book reveals how leverage became the preferred substitute for real discipline.
Corporations embraced debt-financed stock buybacks and leveraged buyouts to boost short-term share prices and executive pay. What followed was predictable: risk was transferred away from balance sheets and onto workers, households, and communities. Wages stagnated while productivity soared. Jobs became contingent. Pensions vanished. Healthcare and education turned into debt traps. Retirement shifted from a guarantee to a gamble. The American Dream itself was quietly repurposed into the final shock absorber for a fragile, leveraged system.
This is not a story of personal failure or bad luck. It’s a story of deliberate design choices, financialization, short-term incentives, and the normalization of extraction that hollowed out resilience while preserving the appearance of growth. Every crisis (dot-com, housing, COVID) exposed the same pattern: the costs are socialized, the gains privatized.
More than a diagnosis, this book offers clarity and a path forward. It presents clear design principles for a more durable form of capitalism: risk must stay with capital, time horizons must lengthen, slack and redundancy must be valued, and failure must be contained rather than allowed to cascade.
Written in straightforward, non-technical language with sharp historical insight, this book connects the dots between policy decisions, corporate strategy, generational decline, and daily economic anxiety. If you’ve ever felt that the game is rigged, wages no longer buy security, or that something fundamental has broken—this book names the elephant in the room.
For anyone seeking to understand why the economy feels increasingly brittle for working Americans, and what real change would actually require.This is essential reading.
“Sinopsis” puede pertenecer a otra edición de este título.
Grand Eagle Retail
Bensenville, IL, Estados Unidos de America
Vendedor de AbeBooks desde 12 de octubre de 2005
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