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Brill - Tailspin: the People and Forces Behind Americas Fifty-Year Fall--And Those Fighting to Reverse It

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Tailspin: the People and Forces Behind Americas Fifty-Year Fall--And Those Fighting to Reverse It: summary, description and annotation

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-- Americas Bitter Pill: In this revelatory narrative covering the years 1967 to 2017, Steven Brill gives us a stunningly cogent picture of the broken system at the heart of our society. He shows us how, over the last half-century, Americas core values--meritocracy, innovation, due process, free speech, and even democracy itself--have somehow managed to power its decline into dysfunction. They have isolated our best and brightest, whose positions at the top have never been more secure or more remote. The result has been an erosion of responsibility and accountability, an epidemic of shortsightedness, an increasingly hollow economic and political center, and millions of Americans gripped by apathy and hopelessness. By examining the people and forces behind the rise of big-money lobbying, legal and financial engineering, the demise of private-sector unions, and a hamstrung bureaucracy, Brill answers the question on everyones mind: How did we end up this way? Finally, he introduces us to those working quietly and effectively to repair the damages. At once a diagnosis of our national ills, a history of their development, and a prescription for a brighter future, Tailspin is a work of riveting journalism--and a welcome antidote to political despair.;The protected and the unprotected -- Meritocracy becomes the new aristocracy -- Casino country -- The greening of the First Amendment -- Making markets efficient -- and marginalizing those left behind -- Lip service for Americas workers -- Dysfunctional democracy -- Moat nation -- Why nothing works -- Broken -- Protecting the most unprotected -- Storming the moats.

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Contents
ALSO BY STEVEN BRILL Americas Bitter Pill Money Politics Backroom Deals - photo 1

ALSO BY STEVEN BRILL

Americas Bitter Pill:

Money, Politics, Backroom Deals, and the Fight to Fix Our Broken Healthcare System

Class Warfare:

Inside the Fight to Fix Americas Schools

After:

How America Confronted the September 12 Era

Trial by Jury

The Teamsters

THIS IS A BORZOI BOOK PUBLISHED BY ALFRED A KNOPF Copyright 2018 by Steven - photo 2

THIS IS A BORZOI BOOK

PUBLISHED BY ALFRED A. KNOPF

Copyright 2018 by Steven Brill

All rights reserved.

Published in the United States by Alfred A. Knopf, a division of Penguin Random House LLC, New York, and distributed in Canada by Random House of Canada, a division of Penguin Random House Canada Limited, Toronto.

www.aaknopf.com

Knopf, Borzoi Books, and the colophon are registered trademarks of Penguin Random House LLC.

Library of Congress Cataloging-in-Publication Data

Names: Brill, Steven, [date], author.

Title: Tailspin : the people and forces behind Americas fifty-year falland those fighting to reverse it / Steven Brill

Description: First edition. | New York : Alfred A. Knopf, 2018. | Includes bibliographical references

Identifiers: LCCN 2017051857 | ISBN 9781524731632 (hardback) | ISBN 9781524731649 (ebook)

Subjects: LCSH : United StatesSocial conditions19601980. | United StatesSocial conditions1980 | Social changeUnited States. | Political cultureUnited States. | EqualityUnited States. | DemocracyUnited States. | United StatesPolitics and government19451989. | United StatesPolitics and government1989 | BISAC: POLITICAL SCIENCE / Public Policy / General. | POLITICAL SCIENCE / Public Policy / Economic Policy. | POLITICAL SCIENCE / Civics & Citizenship. Classification: LCC HN 59 . B 75 2018 | DDC 306.0973dc23 LC record available at https://lccn.loc.gov/2017051857

Ebook ISBN9781524731649

Cover image: (eagle) by Justin Russo / EyeEm / Getty Images

Cover design by Tyler Comrie

v5.3.1

a

In memory of my parents, and to Cynthia, Emily, Sophie, and Sam

Contents
CHAPTER 1
The Protected and the Unprotected

Is the worlds greatest democracy and economy broken? Not compared to the Civil War years, or to the early 1930s. And not if one considers the miracles happening every day in Americas laboratories, on the campuses of its world-class colleges and universities, in offices and lofts full of developers creating software for robots or for medical diagnostics, in concert halls and on Broadway stages, or at joyous ceremonies swearing in proud new citizens. And certainly not if the opportunities available today to women, non-whites, and other minorities are compared to what they faced as recently as a few decades ago.

Yet measures of public engagement, satisfaction, and confidencevoter turnout, knowledge of public policy issues, faith that the next generation will have it better than the current one, and respect for basic institutions, especially the governmentare far below the levels of a half century ago, and in many cases have reached historic lows. So deep is the estrangement that 46.1 percent of American voters were so disgusted with the status quo that in 2016 they chose to put Donald Trump in the White House.

It is difficult to argue that the cynicism is misplaced. From the relatively small thingsthat Americans are now navigating through an average of 657 water main breaks a day, for exampleto the core strengths that once propelled America, it is clear that the country has gone into a tailspin since the post-war era, when John F. Kennedys New Frontier was about seizing the future, not trying to survive the present.

The celebrated American economic mobility engine is sputtering. A childs chance of earning more than his or her parents has dropped from 90 percent to 50 percent in the last fifty years. The American middle class, once the inspiration of the world, is no longer the worlds richest.

Income inequality has snowballed. Adjusted for inflation, middle-class wages have been nearly frozen for the last four decades, and discretionary income has declined if escalating out-of-pocket health care costs and insurance premiums are counted. Yet earnings by the top one percent have nearly tripled. The recovery from the crash of 2008which saw banks and bankers bailed out while millions lost their homes, savings, and jobswas reserved almost exclusively for the top one percent. Their incomes in the three years following the crash went up by nearly a third, while the bottom 99 percent saw an uptick of less than half of one percent. Only a democracy and an economy that has discarded its basic mission of holding the community together, or failed at it, would produce those results.

Most Americans with average incomes have been left largely to fend for themselves, often at jobs where automation, outsourcing, the near-vanishing of union protection, and the bosss obsession with squeezing out every penny of short-term profit have eroded any sense of security. Self-inflicted deathsfrom opioid and other drug abuse, alcoholism, and suicideare at record highs, so much so that the countrys average life expectancy has been falling despite medical advances. Household debt by 2017 had grown higher than the peak reached in 2007 before the crash, with student and automobile loans having edged toward mortgages as the top claims on family paychecks.

The worlds richest country continues to have the highest poverty rate among the thirty-five nations in the Organisation for Economic Co-operation and Development (OECD), except for Mexico. (It is tied in second to last place with Israel, Chile, and Turkey.) Nearly one in five of Americas children live in households that their government classifies as food-insecure, meaning they are without access to enough food for an active, healthy life.

Beyond that, few of the basic services seem to work as they should. Americas airports are an embarrassment, and a modern air traffic control system is twenty-five years behind schedule. The power grid, roads, and rails are crumbling, pushing the United States far down international rankings for infrastructure quality. Despite spending more on health care and K12 education per capita than any other developed country, health care outcomes and student achievement also rank in the middle or worse internationally. The U.S. has the highest infant mortality rate and lowest life expectancy among its peer countries, and among the thirty-five OECD countries American children rank thirtieth in math proficiency and nineteenth in science.

American politicians talk about American exceptionalism so habitually that it should have its own key on their speechwriters laptops. Is this the exceptionalism they have in mind?

The operative word to describe the performance of our lawmakers in Washington, D.C., responsible for guiding what is supposed to be the worlds greatest democracy, is pathetic. Congress has not passed a comprehensive budget since 1994. Like slacker schoolchildren unable to produce a book report on time, the countrys elected leaders have fallen back instead on an endless string of last-minute deadline extensions and piecemeal appropriations. Legislation to deal with big, long-term challenges, like climate change, the mounting national debt, or job displacement, is a pipe dream. It is as if the great breakthroughs of the past, marked by bipartisan signing ceremonies in the White Housethe establishment of the Federal Trade Commission, Social Security, interstate highways, the Food and Drug Administration, Medicare, civil rights legislation, the EPAare part of some other countrys history.

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