War on the Middle Class

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Author :
Publisher : Penguin
ISBN 13 : 1101218754
Total Pages : 288 pages
Book Rating : 4.1/5 (12 download)

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Book Synopsis War on the Middle Class by : Lou Dobbs

Download or read book War on the Middle Class written by Lou Dobbs and published by Penguin. This book was released on 2006-10-05 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lou Dobbs's bestselling exposé of the silent assault on the living standards of ordinary Americans Millions of TV viewers have known Lou Dobbs for years as the Walter Cronkite of economics coverage, and now the anchor has become the preeminent champion of the common man and the good of the national interest, who tells uncomfortable truths in a voice that can't be ignored. In this incendiary book, he presents a frontline report on the betrayal of America's middle class by interests that range from rapacious corporations to an out-of-touch political elite. The result is not only lost jobs but also dysfunctional schools and unaffordable health care. But War on the Middle Class also outlines a bold program for change. As essential as it is infuriating, this book furnishes the talking points for the national debate on income and class.

Squeezed

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Publisher : HarperCollins
ISBN 13 : 0062412272
Total Pages : 326 pages
Book Rating : 4.0/5 (624 download)

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Book Synopsis Squeezed by : Alissa Quart

Download or read book Squeezed written by Alissa Quart and published by HarperCollins. This book was released on 2018-06-26 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of TIME’s Best New Books to Read This Summer “Brilliant—a keen, elegantly written, and scorching account of the American family today. Through vivid stories, sharp analysis and wit, Quart anatomizes the middle class’s fall while also offering solutions and hope.” — Barbara Ehrenreich, author of Nickel and Dimed Families today are squeezed on every side—from high childcare costs and harsh employment policies to workplaces without paid family leave or even dependable and regular working hours. Many realize that attaining the standard of living their parents managed has become impossible. Alissa Quart, executive editor of the Economic Hardship Reporting Project, examines the lives of many middle-class Americans who can now barely afford to raise children. Through gripping firsthand storytelling, Quart shows how our country has failed its families. Her subjects—from professors to lawyers to caregivers to nurses—have been wrung out by a system that doesn’t support them, and enriches only a tiny elite. Interlacing her own experience with close-up reporting on families that are just getting by, Quart reveals parenthood itself to be financially overwhelming, except for the wealthiest. She offers real solutions to these problems, including outlining necessary policy shifts, as well as detailing the DIY tactics some families are already putting into motion, and argues for the cultural reevaluation of parenthood and caregiving. Writtenin the spirit of Barbara Ehrenreich and Jennifer Senior, Squeezed is an eye-opening page-turner. Powerfully argued, deeply reported, and ultimately hopeful, it casts a bright, clarifying light on families struggling to thrive in an economy that holds too few options. It will make readers think differently about their lives and those of their neighbors.

The American Middle Class

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Author :
Publisher : Routledge
ISBN 13 : 1134624689
Total Pages : 183 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis The American Middle Class by : Lawrence Samuel

Download or read book The American Middle Class written by Lawrence Samuel and published by Routledge. This book was released on 2013-07-18 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The middle class is often viewed as the heart of American society, the key to the country’s democracy and prosperity. Most Americans believe they belong to this group, and few politicians can hope to be elected without promising to serve the middle class. Yet today the American middle class is increasingly seen as under threat. In The American Middle Class: A Cultural History, Lawrence R. Samuel charts the rise and fall of this most definitive American population, from its triumphant emergence in the post-World War II years to the struggles of the present day. Between the 1920s and the 1950s, powerful economic, social, and political factors worked together in the U.S. to forge what many historians consider to be the first genuine mass middle class in history. But from the cultural convulsions of the 1960s, to the 'stagflation' of the 1970s, to Reaganomics in the 1980s, this segment of the population has been under severe stress. Drawing on a rich array of voices from the past half-century, The American Middle Class explores how the middle class, and ideas about it, have changed over time, including the distinct story of the black middle class. Placing the current crisis of the middle class in historical perspective, Samuel shows how the roots of middle-class troubles reach back to the cultural upheaval of the 1960s. The American Middle Class takes a long look at how the middle class has been winnowed away and reveals how, even in the face of this erosion, the image of the enduring middle class remains the heart and soul of the United States.

The Making of the Middle Class

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Author :
Publisher : Duke University Press
ISBN 13 : 0822351293
Total Pages : 461 pages
Book Rating : 4.8/5 (223 download)

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Book Synopsis The Making of the Middle Class by : A. Ricardo López

Download or read book The Making of the Middle Class written by A. Ricardo López and published by Duke University Press. This book was released on 2012-01-18 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors question the current academic understanding of what is known as the global middle class. They see middle-class formation as transnational and they examine this group through the lenses of economics, gender, race, and religion from the mid-nineteenth century to today.

Black Picket Fences

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Publisher : University of Chicago Press
ISBN 13 : 022602122X
Total Pages : 349 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Black Picket Fences by : Mary Pattillo

Download or read book Black Picket Fences written by Mary Pattillo and published by University of Chicago Press. This book was released on 2013-07-02 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, Mary Pattillo’s Black Picket Fences explores an American demographic group too often ignored by both scholars and the media: the black middle class. Nearly fifteen years later, this book remains a groundbreaking study of a group still underrepresented in the academic and public spheres. The result of living for three years in “Groveland,” a black middle-class neighborhood on Chicago’s South Side, Black Picket Fences explored both the advantages the black middle class has and the boundaries they still face. Despite arguments that race no longer matters, Pattillo showed a different reality, one where black and white middle classes remain separate and unequal. Stark, moving, and still timely, the book is updated for this edition with a new epilogue by the author that details how the neighborhood and its residents fared in the recession of 2008, as well as new interviews with many of the same neighborhood residents featured in the original. Also included is a new foreword by acclaimed University of Pennsylvania sociologist Annette Lareau.

Dream Hoarders

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Publisher : Brookings Institution Press
ISBN 13 : 0815735499
Total Pages : 206 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Dream Hoarders by : Richard Reeves

Download or read book Dream Hoarders written by Richard Reeves and published by Brookings Institution Press. This book was released on 2018-05-08 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dream Hoarders sparked a national conversation on the dangerous separation between the upper middle class and everyone else. Now in paperback and newly updated for the age of Trump, Brookings Institution senior fellow Richard Reeves is continuing to challenge the class system in America. In America, everyone knows that the top 1 percent are the villains. The rest of us, the 99 percent—we are the good guys. Not so, argues Reeves. The real class divide is not between the upper class and the upper middle class: it is between the upper middle class and everyone else. The separation of the upper middle class from everyone else is both economic and social, and the practice of “opportunity hoarding”—gaining exclusive access to scarce resources—is especially prevalent among parents who want to perpetuate privilege to the benefit of their children. While many families believe this is just good parenting, it is actually hurting others by reducing their chances of securing these opportunities. There is a glass floor created for each affluent child helped by his or her wealthy, stable family. That glass floor is a glass ceiling for another child. Throughout Dream Hoarders, Reeves explores the creation and perpetuation of opportunity hoarding, and what should be done to stop it, including controversial solutions such as ending legacy admissions to school. He offers specific steps toward reducing inequality and asks the upper middle class to pay for it. Convinced of their merit, members of the upper middle class believes they are entitled to those tax breaks and hoarded opportunities. After all, they aren't the 1 percent. The national obsession with the super rich allows the upper middle class to convince themselves that they are just like the rest of America. In Dream Hoarders, Reeves argues that in many ways, they are worse, and that changes in policy and social conscience are the only way to fix the broken system.

The Vanishing Middle Class, new epilogue

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Author :
Publisher : MIT Press
ISBN 13 : 0262535297
Total Pages : 288 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The Vanishing Middle Class, new epilogue by : Peter Temin

Download or read book The Vanishing Middle Class, new epilogue written by Peter Temin and published by MIT Press. This book was released on 2018-03-09 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

Cradle of the Middle Class

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Publisher : Cambridge University Press
ISBN 13 : 9780521274036
Total Pages : 334 pages
Book Rating : 4.2/5 (74 download)

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Book Synopsis Cradle of the Middle Class by : Mary P. Ryan

Download or read book Cradle of the Middle Class written by Mary P. Ryan and published by Cambridge University Press. This book was released on 1981 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the 1981 Bancroft Prize. Focusing primarily on the middle class, this study delineates the social, intellectual and psychological transformation of the American family from 1780-1865. Examines the emergence of the privatized middle-class family with its sharp division of male and female roles.

The Middle Class Comeback

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Publisher :
ISBN 13 : 9780991372164
Total Pages : 190 pages
Book Rating : 4.3/5 (721 download)

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Book Synopsis The Middle Class Comeback by : Munir Moon

Download or read book The Middle Class Comeback written by Munir Moon and published by . This book was released on 2016-08-02 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The middle class is getting crushed. But there is hope. Despite the doom and gloom making headlines, there are major forces working together-from the increasing equality for women in the workplace and the rise of millennials to a shift in political expectations and rapid technological advances-that prove the middle class is ripe for a comeback. The Middle Class Comeback counters the negativity of the dominant narrative surrounding the past, present, and most importantly the future of the American middle class. The book argues that it is not only the income for the middle class that has fallen, but that the costs of healthcare, education, and taxes have increased at such a higher rate, which makes it impossible for an average American family to attain a middle-class lifestyle. This book examines new and better ways of thinking, working, and doing business, which bring back the hope that fuels the ingenuity and success of the middle class. Despite recent economic catastrophes, middle-class Americans will be able to have affordable health care, college education for their children, and a home. The Middle Class Comeback also examines the final hurdle in the path of the middle class: America's broken political system. For middle-class Americans (nearly half of the population) and politically independent citizens (more than 40 percent of Americans), The Middle Class Comeback gives concrete reason for hope and a path forward through continued innovation and political engagement.

The 9.9 Percent

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Publisher : Simon and Schuster
ISBN 13 : 1982114193
Total Pages : 352 pages
Book Rating : 4.9/5 (821 download)

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Book Synopsis The 9.9 Percent by : Matthew Stewart

Download or read book The 9.9 Percent written by Matthew Stewart and published by Simon and Schuster. This book was released on 2022-10-11 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A trenchant analysis of how the wealthiest 9.9 percent of Americans -- those just below the tip of the wealth pyramid -- have exacerbated the growing inequality in our country and distorted our social values"--

The Crisis of the Middle-Class Constitution

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Author :
Publisher : Vintage
ISBN 13 : 1101973455
Total Pages : 434 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis The Crisis of the Middle-Class Constitution by : Ganesh Sitaraman

Download or read book The Crisis of the Middle-Class Constitution written by Ganesh Sitaraman and published by Vintage. This book was released on 2018-02-06 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this original, provocative contribution to the debate over economic inequality, Ganesh Sitaraman argues that a strong and sizable middle class is a prerequisite for America’s constitutional system. For most of Western history, Sitaraman argues, constitutional thinkers assumed economic inequality was inevitable and inescapable—and they designed governments to prevent class divisions from spilling over into class warfare. The American Constitution is different. Compared to Europe and the ancient world, America was a society of almost unprecedented economic equality, and the founding generation saw this equality as essential for the preservation of America’s republic. Over the next two centuries, generations of Americans fought to sustain the economic preconditions for our constitutional system. But today, with economic and political inequality on the rise, Sitaraman says Americans face a choice: Will we accept rising economic inequality and risk oligarchy or will we rebuild the middle class and reclaim our republic? The Crisis of the Middle-Class Constitution is a tour de force of history, philosophy, law, and politics. It makes a compelling case that inequality is more than just a moral or economic problem; it threatens the very core of our constitutional system.

The Radical Middle Class

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Publisher : Princeton University Press
ISBN 13 : 0691126003
Total Pages : 420 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Radical Middle Class by : Robert D. Johnston

Download or read book The Radical Middle Class written by Robert D. Johnston and published by Princeton University Press. This book was released on 2006-02-19 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: America has a long tradition of middle-class radicalism, albeit one that intellectual orthodoxy has tended to obscure. The Radical Middle Class seeks to uncover the democratic, populist, and even anticapitalist legacy of the middle class. By examining in particular the independent small business sector or petite bourgeoisie, using Progressive Era Portland, Oregon, as a case study, Robert Johnston shows that class still matters in America. But it matters only if the politics and culture of the leading player in affairs of class, the middle class, is dramatically reconceived. This book is a powerful combination of intellectual, business, labor, medical, and, above all, political history. Its author also humanizes the middle class by describing the lives of four small business owners: Harry Lane, Will Daly, William U'Ren, and Lora Little. Lane was Portland's reform mayor before becoming one of only six senators to vote against U.S. entry into World War I. Daly was Oregon's most prominent labor leader and a onetime Socialist. U'Ren was the national architect of the direct democracy movement. Little was a leading antivaccinationist. The Radical Middle Class further explores the Portland Ku Klux Klan and concludes with a national overview of the American middle class from the Progressive Era to the present. With its engaging narrative, conceptual richness, and daring argumentation, it will be welcomed by all who understand that reexamining the middle class can yield not only better scholarship but firmer grounds for democratic hope.

The Influence of Affluence

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Publisher : Crown Business
ISBN 13 : 0385519281
Total Pages : 242 pages
Book Rating : 4.3/5 (855 download)

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Book Synopsis The Influence of Affluence by : Russ Alan Prince

Download or read book The Influence of Affluence written by Russ Alan Prince and published by Crown Business. This book was released on 2009-05-19 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compelling look at a new class of the affluent - the middle-class millionaires – whose attitudes and values are influencing and reshaping American life In this groundbreaking book, Russ Alan Prince and Lewis Schiff examine the far-reaching impact of the middle class millionaires–people who enjoy a net worth ranging from one million to ten million dollars and have earned rather than inherited their wealth. Comprising 8.4 million households and growing in number, the attitudes and behaviors of these working rich are exerting a powerful influence over our society. So who are these people? They believe in the benefits of hard work. They believe in investing in themselves, and in self improvement. They are more likely to focus on drawing financial gain from their work, and less inclined to be discouraged by failure. And they don’t spend money on the extravagances indulged in by the very rich; instead, they wield their affluence according to middle-class values and ideals. From home security systems to health care, technology to travel, their spending choices are affecting us all – from the products we buy, to the communities in which we live, to the aspirations and values of the broader middle class and American population as a whole. In the bestselling tradition of Bobos in Paradise and The Millionaire Next Door, THE MIDDLE-CLASS MILLIONAIRE is a captivating narrative – part sociology, and part aspirational journey into the lives, attitudes, and values of the middle-class millionaires. Based on extensive surveys and research into more than 3,600 middle-class millionaire households around the country, this book will reshape our understanding of what it takes to be successful – and how all of us can achieve similar success.

(Not) Keeping Up with Our Parents

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Author :
Publisher : Beacon Press
ISBN 13 : 9780807097496
Total Pages : 254 pages
Book Rating : 4.0/5 (974 download)

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Book Synopsis (Not) Keeping Up with Our Parents by : Nan Mooney

Download or read book (Not) Keeping Up with Our Parents written by Nan Mooney and published by Beacon Press. This book was released on 2008-05-01 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to exclusively target the struggles of the professional middle class-educated individuals who purposely choose humanistic, intellectual, or creative pursuits-Nan Mooney's (Not) Keeping Up with Our Parents is a simultaneously sobering and proactive work that captures a diversity of voices. Drawing on more than a hundred interviews with people all across America, (Not) Keeping Up with Our Parents explores how stagnant wages, debt, and escalating costs for tuition, health care, and home ownership are jeopardizing today's educated middle class. Teachers, counselors, nonprofit employees, environmentalists, journalists, and the author speak candidly about their sense of economic-and hence emotional-security, and their plans and fears about what's to come. With up-to-date and accessible research, including a short history of the middle class, Mooney explains what it has meant historically to be middle class and how these definitions have changed so dramatically over the decades. She shows that social programs once aided the growth of this class but shifts in policies and labor practices-and increases in fixed costs, such as health care, housing, education, childcare, and household debt-are making it increasingly difficult for families to retain their middle-class status. Throughout the book, Mooney uses real people's stories and an analysis of the new economic reality to put middle-class struggles in perspective: College tuition has increased 35 percent in the past five years, and while the average college undergraduate's debt is $20,000, earnings for graduates have remained stagnant since 2000. In addition, only 18 percent of middle-class families have three months' income saved, and 90 percent of those filing for bankruptcy are middle class. Finally, raising one child through age eighteen costs a middle-income family around $237,000, while the costs of housing, health care, and education are all rising faster than inflation. Despite this difficult reality, Mooney offers concrete ideas on how individuals and society can arrest this downward spiral. Reigniting a sense of social responsibility is crucial-this ranges from improving government-backed education, health care, and childcare programs to drawing on successful models from individual states and other countries. Intimate personal accounts combined with Mooney's incisive analysis will make (Not) Keeping Up with Our Parents resonate deeply for America's professional middle class. From the Hardcover edition.

The Two-Income Trap

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Author :
Publisher : Basic Books
ISBN 13 : 0465097715
Total Pages : 288 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Two-Income Trap by : Elizabeth Warren

Download or read book The Two-Income Trap written by Elizabeth Warren and published by Basic Books. This book was released on 2016-04-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: From #1 New York Times bestselling author Senator Elizabeth Warren and consultant Amelia Warren Tyagi, the classic book about America's middle class -- and why economic security remains out of reach for many. In this exposé, Elizabeth Warren and Amelia Warren Tyagi show that modern middle-class families are increasingly trapped by the grinding reality of flat wages and rising costs. Warren and Tyagi reveal how a ferocious bidding war for housing and education has silently engulfed America's suburbs, driving up the cost of keeping families in the middle class, and placing unprecedented pressure on hard-working families. Revolutionary when it was first published in 2003, The Two-Income Trap remains disturbingly relevant today. Now with a new introduction by the authors, The Two Income Trap shows why the usual remedies won't solve the problem and points toward the policy changes that would create better opportunities for both parents and children.

The New American Reality

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Author :
Publisher : Russell Sage Foundation
ISBN 13 : 161044194X
Total Pages : 396 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis The New American Reality by : Reynolds Farley

Download or read book The New American Reality written by Reynolds Farley and published by Russell Sage Foundation. This book was released on 1996-08-30 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A fascinating and authoritative account of American social history since 1960 as viewed through the prism of government statistics....[Farley] uses publicly available data, straight forward methods, and modest...language, to provide more information and insight about recent social trends than any other volume in print." —American Journal of Sociology "A brilliant piece of work. Farley is absolutely masterful at taking tens of thousands of national survey statistics and weaving from them a fascinating and beautifully illustrated tapestry of who we are." —Barry Bluestone, Frank L. Boyden Professor of Political Economy, University of Massachusetts, Boston The New American Reality presents a compelling portrait of an America strikingly different from what it was just forty years ago.Gone is the idealized vision of a two-parent, father-supported Ozzie and Harriet society. In its place is an America of varied races andethnic backgrounds, where families take on many forms and mothers frequently work outside the home. Drawing on a definitive analysis of the past four U.S. censuses, author Reynolds Farley reveals a country that offers new opportunities for a broader spectrum of people, while at the same time generating frustration and apprehension for many who once thought their futures secure. The trends that have so transformed the nation were kindled in the 1960s, a watershed period during which many Americans redefined their attitudes toward the rights of women and blacks. The New American Reality describes the activism, federal policymaking, and legal victories that eliminated overtracial and sexual discrimination. But along with open doors came new challenges. Divorce and out-of-wedlock births grew commonplace, forcing more women to raise children alone and—despite improved wages—increasing their chances of falling into poverty. Residential segregation, inadequate schooling, and a particularly high ratio of female-headed families severely impaired the economic progress of African Americans, many of whom were left behind in declining central cities as businesses migrated to suburbs. A new generation of immigrants from many nations joined the ranks of those working to support families and improve their prospects, and rapidly transformed the nation's ethnic composition. In the 1970s, unprecedented economic restructuring on a global scale created unexpected setbacks for the middle class. The long era of postwar prosperity ended as the nation's dominant industry shifted from manufacturing to services, competition from foreign producers increased, interest rates rose, and a new emphasis on technology and cost-cutting created a demand for more sophisticated skills in the workplace. The economic recovery of the 1980s generated greater prosperity for the well-educated and highly skilled, and created many low paying jobs, but offered little to remedy the stagnant and declining wages of the middle class. Income inequalitybecame a defining feature in the economic life of America: overall, the rich got richer while the poor and middle class found it increasingly difficult to meet their financial demands. The New American Reality reports some good news about America. Our lives are longer and healthier, the elderly are much better off than ever before, consumer spending power has increased, and minorities and women have many more opportunities. But this book does not shy away from the significant problems facing large portions of the population, and provides a valuable perspective on efforts to remedy them. The New American Reality offers the information necessary to understandthe critical trends affecting America today, from how we earn a living to how and when we form families, where we live, and whether or not we will continue to prosper. A Volume in the Russell Sage Founadtion Census Series

From Miracle to Mirage

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Author :
Publisher : Cornell University Press
ISBN 13 : 1501710745
Total Pages : 200 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis From Miracle to Mirage by : Myungji Yang

Download or read book From Miracle to Mirage written by Myungji Yang and published by Cornell University Press. This book was released on 2018-03-15 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Myungji Yang’s From Miracle to Mirage is a critical account of the trajectory of state-sponsored middle-class formation in Korea in the second half of the twentieth century. Yang’s book offers a compelling story of the reality behind the myth of middle-class formation. Capturing the emergence, reproduction, and fragmentation of the Korean middle class, From Miracle to Mirage traces the historical process through which the seemingly successful state project of building a middle-class society resulted in a mirage. Yang argues that profitable speculation in skyrocketing prices for Seoul real estate led to mobility and material comforts for the new middle class. She also shows that the fragility inherent in such developments was embedded in the very formation of that socioeconomic group. Taking exception to conventional views, Yang emphasizes the role of the state in producing patterns of class structure and social inequality. She demonstrates the speculative and exclusionary ways in which the middle class was formed. Domestic politics and state policies, she argues, have shaped the lived experiences and identities of the Korean middle class. From Miracle to Mirage gives us a new interpretation of the reality behind the myth. Yang’s analysis provides evidence of how in cultural and objective terms the country’s rapid, compressed program of economic development created a deeply distorted distribution of wealth.