© 2005-2008 Douglas N. George.
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Suggested Reading
The Two-Income Trap: Why Middle-Class Parents are Going Broke By Elizabeth Warren and Amelia Warren Tyagi Warren, a law professor at Harvard (The Fragile Middle Class) and her daughter Tyagi, a former McKinsey consultant, have joined forces here to argue here that the two-parent middle-class working family is on the brink of financial disaster. The number of families declaring bankruptcy or receiving a foreclosure against their house has shot up dramatically. Presenting carefully researched economic data to support their arguments, the authors contend that, contrary to popular myth, families aren't in trouble because they're squandering their second income on luxuries. On the contrary, both incomes are almost entirely committed to necessities, such as home and car payments, health insurance and children's education costs. When an unforeseen event such as serious illness, job loss or divorce occurs, families have no discretionary income to fall back on. The authors recommend a number of useful societal solutions to get families out of this trap, such as legally prohibiting credit card companies from charging grossly unfair interest rates and exposing banks that employ a loan-to-own strategy that steers minority customers to higher mortgage rates with an eye to future foreclosures. Warren and Tyagi point out that families buy homes they cannot afford in order to live in a neighborhood with better schools. Their proposed solution, however-to institute a public school voucher system with wider choice-is less carefully thought out. Overall, however, this is a needed examination of an emerging social problem.
Affluenza: The All-Consuming Epidemic By John de Graaf, David Wann, and Thomas H Naylor In their eye-opening, soul-prodding look at the excess of American society, the authors of Affluenza include two quotations that encapsulate much of the book: T.S. Eliot's line "We are the hollow men / We are the stuffed men," which opens one of this book's chapters, and a quote from a newspaper article that notes "We are a nation that shouts at a microwave oven to hurry up." If these observations make you grimace at your own ruthless consumption or sigh at the hurried pace of your life, you may already be ill. Read on.
The definition of affluenza, according to de Graaf, Wann, and Naylor, is something akin to "a painful, contagious, socially-transmitted condition of overload, debt, anxiety and waste resulting from the dogged pursuit of more." It's a powerful virus running rampant in our society, infecting our souls, affecting our wallets and financial well-being, and threatening to destroy not only the environment but also our families and communities. Having begun life as two PBS programs coproduced by de Graaf, this book takes a hard look at the symptoms of affluenza, the history of its development into an epidemic, and the options for treatment. In examining this pervasive disease in an age when "the urge to splurge continues to surge," the first section is the book's most provocative. According to figures the authors quote and expound upon, Americans each spend more than $21,000 per year on consumer goods, our average rate of saving has fallen from about 10 percent of our income in 1980 to zero in 2000, our credit card indebtedness tripled in the 1990s, more people are filing for bankruptcy each year than graduate from college, and we spend more for trash bags than 90 of the world's 210 countries spend for everything. "To live, we buy," explain the authors--everything from food and good sex to religion and recreation--all the while squelching our intrinsic curiosity, self-motivation, and creativity. They offer historical, political, and socioeconomic reasons that affluenza has taken such strong root in our society, and in the final section, offer practical ideas for change. These use the intriguing stories of those who have already opted for simpler living and who are creatively combating the disease, from making simple habit alterations to taking more in-depth environmental considerations, and from living lightly to managing wealth responsibly. (S. Ketchum)
The Overspent American: Why We Want What We Don't Need By Juliet B. Schor The Overspent American explores why so many of us feel materially dissatisfied, why we work staggeringly long hours and yet walk around with ever-present mental "wish lists" of things to buy or get, and why Americans save less than virtually anyone in the world. Unlike many experts, Harvard economist Juliet B. Schor does not blame consumers' lack of self-discipline. Nor does she blame advertisers. Instead she analyzes the crisis of the American consumer in a culture where spending has become the ultimate social art.
unSpun: Finding Facts in a World of Disinformation By Brooks Jackson and Kathleen Hall Jamieson Americans are bombarded daily with mixed messages, half-truths, misleading statements, and out-and-out fabrications masquerading as facts. The news media–once the vaunted watchdogs of our republic–are often too timid or distracted to identify these deceptions.
unSpun is the secret decoder ring for the twenty-first-century world of disinformation. Written by Brooks Jackson and Kathleen Hall Jamieson, the founders of the acclaimed website FactCheck.org, unSpun reveals the secrets of separating facts from disinformation...
Oil on the Brain: Adventures from the Pump to the Pipeline By Lisa Margonelli Americans buy ten thousand gallons of gasoline a second, without giving it much of a thought. Where does all this gas come from? Lisa Margonelli's desire to learn took her on a one-hundred thousand mile journey from her local gas station to oil fields half a world away. In search of the truth behind the myths, she wriggled her way into some of the most off-limits places on earth: the Strategic Petroleum Reserve, the New York Mercantile Exchange's crude oil market, oil fields from Venezuela, to Texas, to Chad, and even an Iranian oil platform where the United States fought a forgotten one-day battle.
