"Arrogant Capital" by Kevin Phillips is a thought-provoking book that delves into the issues surrounding the growing power and influence of financial sectors in the United States. In his analysis, Phillips skillfully examines the historical and economic factors that have contributed to the rise of what he refers to as "arrogant capital," and the subsequent decline of America's manufacturing base and middle class.
One of the strengths of this book is the author's ability to connect historical events with present-day circumstances. By exploring the rise and fall of empires throughout history, Phillips provides valuable insights into the potential decline of the American empire as a result of its overreliance on finance and disregard for the manufacturing sector. This historical context offers a deeper understanding of the complex economic issues at hand.
Phillips meticulously researches and analyzes the flaws in the financial system, shedding light on how it has negatively impacted the economy. He uncovers a correlation between Wall Street's dominance and the increasing inequality in American society. Through clear and accessible language, he presents these complex economic concepts in a manner that can be understood by both experts and laymen.
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What sets "Arrogant Capital" apart from other books on the topic is that Phillips not only criticizes the current situation, but he offers policy recommendations to alleviate the negative impact of "arrogant capital" on the economy and society. His proposed reforms aim to rebalance power and wealth, promoting a more equitable and sustainable economy.
Overall, "Arrogant Capital" is a well-researched and comprehensive analysis of the growing influence of the financial sector and its detrimental effects on the American economy and society. Phillips's engaging and informative writing style makes this book a must-read for anyone interested in understanding the complexities of the financial system and its impact on society as a whole.
What are readers saying?
"Arrogant Capital" by Kevin Phillips has garnered a range of opinions from its readers. Some found value in Phillips' thorough examination of the impact of financial power on American society and politics. They praised the book for its well-researched content and the author's ability to explain complex economic concepts in a way that was easy to understand. These readers admired Phillips' argument that the concentration of wealth among a select few has negative effects on democracy. They appreciated the book's valuable insights into the relationship between economic power and political decision-making.
On the other hand, some readers were disappointed by "Arrogant Capital." They felt that the book lacked a clear structure and failed to maintain their interest throughout. They found the writing style to be dry and too academic, which made it difficult for them to fully engage with the material. These readers believed that the book would have been more effective if it had been more concise and focused on conveying its main points.
Additionally, some readers criticized the book for its political biases. They felt that Phillips disproportionately focused on critiquing conservative economic policies while neglecting similar issues within liberal circles. These readers believed that a more balanced perspective would have made the book's arguments stronger and more credible.
Furthermore, some readers took issue with the book's outdated examples and data. They argued that the book was published during a time of significant economic changes and failed to address more recent events and trends. These reviewers questioned the relevance of Phillips' arguments in today's economic climate.
Overall, "Arrogant Capital" by Kevin Phillips has received a mix of positive and negative reviews. While some readers appreciated the book's thorough analysis and insights, others found fault with its structure, writing style, biases, and relevance to the current economic landscape.
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