Archive for the ‘Reading list’ Category

No lunch is free until all lunches are free

February 12th, 2008

I’m belatedly making my way through David Cay Johnston’s new book “Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You with the Bill),” which is well worth reading (and not just because I get a mention in it). I’m only a few chapters in, but my favorite factoid so far:

In 2005, the 300,000 men, women, and children who comprised the top tenth of 1 percent had nearly as much income as all 150 million Americans who make up the economic lower half of our population. Add the income the rich are not required to report and those 300,000 made more than the 150 million.

This growing concentration of income at the top is nothing like the distribution of income America experienced in the first three decades following World War II. Nor is it like that found in Canada, Europe, Japan, Australia, and New Zealand. Instead it resembles the distribution of income found in three other major countries: Brazil, Mexico, and Russia.

Now there’s an epitaph for your democracy.

For more discussion of Free Lunch, see fieldofschemes.com, where I’ve posted about another section of the book - the bit with me in it, though it’s interesting for other reasons as well. You can also buy it at finer bookstores, like I did.

“New York Calling,” a discussion

October 9th, 2007

For those of you within reach of central Brooklyn, I’m going to be moderating a discussion this Saturday night by Brian Berger and Tom Robbins, two of the many authors (Berger is co-editor as well) of the marvelous new anthology “New York Calling,” a look back at New York City in the ’70s and ’80s that is remarkably free of either rose-colored nostalgia or revisionist Giulianiesque horror at “a city out of control.” (My favorite snippet: The Scene Is Now keyboard player Phil Dray recalling a block committee meeting in the rapidly gentrifying Alphabet City on adding street trees: “All the white people want the trees, but the Hispanics are against it, saying that prettifying the block will just drive the rents up.”)

The reading/discussion will start at 7 pm this Saturday, October 13, at Vox Pop, corner of Cortelyou Road and Stratford Road in Ditmas Park, Brooklyn. (By train, take the Q to Cortelyou Road, then walk about six short blocks west, past the newly planted street trees in this rapidly gentrifying neighborhood.)