Book contents
- The American Political Economy
- The American Political Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgments
- Introduction The American Political Economy: A Framework and Agenda for Research
- I Political Arenas and Actors
- II Race, Space, and Governance
- III Corporate Power and Concentration
- IV The American Knowledge Economy
- 11 The United States as Radical Innovation Driver: The Politics of Declining Dominance?
- 12 Public Investment in the Knowledge Economy
- 13 Concentration and Commodification: The Political Economy of Postindustrialism in America and Beyond
- Epilogue The American Political Economy Confronts COVID-19
- Bibliography
13 - Concentration and Commodification: The Political Economy of Postindustrialism in America and Beyond
from IV - The American Knowledge Economy
Published online by Cambridge University Press: 29 October 2021
Book contents
- The American Political Economy
- The American Political Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgments
- Introduction The American Political Economy: A Framework and Agenda for Research
- I Political Arenas and Actors
- II Race, Space, and Governance
- III Corporate Power and Concentration
- IV The American Knowledge Economy
- 11 The United States as Radical Innovation Driver: The Politics of Declining Dominance?
- 12 Public Investment in the Knowledge Economy
- 13 Concentration and Commodification: The Political Economy of Postindustrialism in America and Beyond
- Epilogue The American Political Economy Confronts COVID-19
- Bibliography
Summary
In the past decades, two features of the American political economy have been at the heart of policy and political debates – growing income inequality and growing regional inequality. The period since the 1980s witnessed a dramatic reversal in the postwar fall in inequality, with a rising of share of income earned by the wealthiest Americans (Piketty and Saez 2003). Before taxes and transfers, the incomes of the top 1 percent of Americans now constitute over 20 percent of total income, with close to half of all income earned by the top 10 percent of earners.
- Type
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- Information
- The American Political EconomyPolitics, Markets, and Power, pp. 375 - 406Publisher: Cambridge University PressPrint publication year: 2021
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