The Dixification of America: The American Odyssey Into the Conservative Economic Trap

Přední strana obálky
Greenwood Publishing Group, 1998 - Počet stran: 221

In mid-July 1997, just as the Dow Jones Industrial Average broke 8,000, the federal government announced that personal bankruptcies were at an all-time high, and Second Harvest, the largest food bank network in America, reported increased demand at half of its distribution centers. But this paradox is not new. Throughout the last decade, economists have extolled the virtues and successes of the U.S. economy, while plants have closed, companies have downsized, and those who remain are fearful about their jobs. Contrary to popular opinion, the free-spending liberals have not driven this country to its current level of economic anxiety; it is, in fact, the conservatives. Current economic policy, Cummings argues, is the product of a union between conservative Republican and conservative Southern economic policy--a union that began in the late 1960s.

Before the 1960s, the Southern economy operated as a conservative economic incubator isolated from the rest of the country, and conservative Republicans had to contend with both Democrats and liberal Republicans. After 1969, with Republicans in the White House and with the help of Wallace supporters and later Reagan Democrats, Southern conservative economic policy combined with Republican policy and was gradually exported to the rest of the country. This collaboration and its growing political influence culminated in the Republican control of Congress in the 1990s. Over the decades the South has become more Republican and Southern leaders have had an increasing influence in the Republican Party and in economic policy as a whole. The conservative policy initiatives from this political union have led to some of the same economic problems that have plagued the South since Reconstruction and, fostered by conservative Republicans in the 1920s, ushered in the Great Depression. Current policies, argues Cummings, are leading the country into a similar trap.

 

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Obsah

At the Crossroads of Anxiety
3
The Road to Dixification
9
The Early American Economy 16001920
37
The First Conservative Era 1921 1933
51
The Second Conservative Era 1969 to the Present
69
The Southern Economy 1865 to the Present
99
The Conservative Economic Trap
123
AMERICAS ECONOMIC FUTURE
133
Economic Development Concepts and Strategies
135
The Next Industrial Wave
153
The New Economic Structure
169
Bibliography
195
Index
211
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Strana viii - ... expectation was that Fordism would spread southward and this would result in the "Americanization of Dixie." What happened instead was the "Dixiefication of America." The Southern model not only survived but became the way out of the 1970s economic crisis and the template for the Reagan revolution: "the economic development policies that we have implemented in the United States over the past three decades have taken on the characteristics of an up-to-date, modified version of those that have...

O autorovi (1998)

STEPHEN D. CUMMINGS has been an independent analyst and researcher since 1988 and was previously a financial analyst for the California State Banking Department and a bank chief financial officer. He has worked with economic development organizations in southern California and sits on the Ventura County Revolving Loan Fund Board that assists businesses damaged by the Northridge earthquake. He has published The Ventura County Statistical Abstracts since 1990, and also published The Financial Characteristics of California Banks from 1987 to 1994.

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