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One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy (2000)

di Thomas Frank

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In a book that has been raising hackles far and wide, the social critic Thomas Frank skewers one of the most sacred cows of the go-go '90s: the idea that the new free-market economy is good for everyone. Frank's target is "market populism"--the widely held belief that markets are a more democratic form of organization than democratically elected governments. Refuting the idea that billionaire CEOs are looking out for the interests of the little guy, he argues that "the great euphoria of the late nineties was never as much about the return of good times as it was the giddy triumph of one America over another." Frank is a latter-day Mencken, as readers of his journal The Baffler and his book The Conquest of Cool know. With incisive analysis, passionate advocacy, and razor-sharp wit, he asks where we are headed--and whether we're going to like it when we get there.… (altro)
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I didn't particularly like Thomas Frank's "One Market..." as a read -- too strident for my taste -- but there were many useful concepts to take away, including the chapter on business literature; otherwise... best title ever (in the category of non-fiction). ( )
  rpillow | May 10, 2012 |
The author discusses the market frenzy of the 1990s, and the prevalent belief that every ordinary person could manipulate the market at least as well as professional brokers. For a time, this appeared to be the case, as housewives and teenagers were able to amass fortunes through their "common sense" intuitions about what would take off. In the face of the market bubble that burst in the early 21st century, and the recession that followed later in the decade, perhaps analysts would do well to go back and review this book, which was written before the bubble burst, but gives a foreshadowing of what is to come. ( )
  Devil_llama | Apr 16, 2011 |
Review on my blog. ( )
  astark | Jul 20, 2008 |
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In a book that has been raising hackles far and wide, the social critic Thomas Frank skewers one of the most sacred cows of the go-go '90s: the idea that the new free-market economy is good for everyone. Frank's target is "market populism"--the widely held belief that markets are a more democratic form of organization than democratically elected governments. Refuting the idea that billionaire CEOs are looking out for the interests of the little guy, he argues that "the great euphoria of the late nineties was never as much about the return of good times as it was the giddy triumph of one America over another." Frank is a latter-day Mencken, as readers of his journal The Baffler and his book The Conquest of Cool know. With incisive analysis, passionate advocacy, and razor-sharp wit, he asks where we are headed--and whether we're going to like it when we get there.

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