Get Free Shipping on orders over $79
A Fabulous Failure : The Clinton Presidency and the Transformation of American Capitalism - Nelson Lichtenstein

A Fabulous Failure

The Clinton Presidency and the Transformation of American Capitalism

By: Nelson Lichtenstein, Judith Stein

Hardcover | 18 January 2024

At a Glance

Hardcover


RRP $69.99

$58.99

16%OFF

or 4 interest-free payments of $14.75 with

 or 

Ships in 3 to 5 business days

How the Clinton administration betrayed its progressive principles and capitulated to the right

When Bill Clinton was elected president in 1992, he ended twelve years of Republican rule and seemed poised to enact a progressive transformation of the US economy, touching everything from health care to trade to labor relations. Yet by the time he left office, the nation's economic and social policies had instead lurched dramatically rightward, exacerbating the inequalities so troubling in our own time. This book reveals why Clinton's expansive agenda was a fabulous failure, and why its demise still haunts us today.

Nelson Lichtenstein and Judith Stein show how the administration's progressive reformers-people like Robert Reich, Ira Magaziner, Laura Tyson, and Joseph Stiglitz-were stymied by a new world of global capitalism that heightened Wall Street influence, undermined domestic manufacturing, and eviscerated the labor movement. Robert Rubin, Larry Summers, and Al Gore proved champions of this financialized world. Meanwhile, Clinton divided his own party when he relied on Republican votes to overhaul welfare, liberalize trade, and deregulate the banking and telecommunications industries. Even the economic boom Clinton ushered in-which tamed unemployment and sent the stock market soaring in what Alan Blinder and Janet Yellen termed a "fabulous decade"-ended with a series of exploding asset bubbles that his neoliberal economic advisors neither foresaw nor prevented.

A Fabulous Failure is a study of ideas in action, some powerfully persuasive, others illusionary and self-defeating. It explains why and how the Clinton presidency's progressive statecraft floundered in a world where the labor movement was weak, civil rights forces quiescent, and corporate America ever more powerful.

More in Economic Systems & Structures

Capital : Volume I - Karl Marx

RRP $39.99

$31.75

21%
OFF
The Wealth of Nations : Books I - III - Adam Smith

RRP $26.99

$22.99

15%
OFF
The New Racial Regime : Recalibrations of White Supremacy - Alana Lentin
Capital : Critique of Political Economy, Volume 1 - Karl Marx

RRP $59.99

$47.75

20%
OFF
Capitalism : A Global History - Sven Beckert

RRP $125.00

$90.75

27%
OFF
Technofeudalism : What Killed Capitalism - Yanis Varoufakis

RRP $26.99

$22.99

15%
OFF
Inheritocracy : It's Time to Talk About the Bank of Mum and Dad - Eliza Filby
Capitalism and Its Critics : A Battle of Ideas in the Modern World - John Cassidy
Liberal Fascisms : Žižek's Essays - Slavoj Žižek
23 Things They Don't Tell You About Capitalism - Ha-Joon Chang

RRP $26.99

$20.75

23%
OFF