Political Perspectives on 12/29/10
Paul Pierson, co-author of Winner-Take-All Politics: How Washington Made the Rich Richer--And Turned Its Back on the Middle Class, was in Portland at the end of November and spoke with host Stephanie Potter. In an innovative historical departure Pierson and his co-author, Jacob Hacker, trace the rise of the winner-take-all economy back to the late 1970' when big business and conservative idealogues organized themselves to undo the regulations and progressive ta policies that had helped ensure a fair distribution of economic rewards. Deregulation got underway, taxes were cut for the wealthiest, and business decimated labor in Washington. By showing how our political system has been hijacked by the superrich, Pierson and Hacker point the way to rebuilding a democracy that serves the many, rather than just the wealthy few.