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Keeping up with the Dow Joneses : debt, prison, workforce by Prashad, Vijay; Prashad, Vijay. American scheme is a book available to read on EtoBox.

What is Keeping up with the Dow Joneses : debt, prison, workforce about?

<p>In this short but powerful book of interlinked essays, noted cultural critic Vijay Prashad examines the contradictions of the American economy.</p> <p>Prashad assesses a range of related issues: the oft-vaunted US economy, propped up by the rising debt of poor and middle-class workers; welfare policies that punish those attempting to escape the grip of debt and poverty; and a prison industry that regulates and houses the unemployed, as well as a reserve army of laborers.</p> <p>In <i>Keeping Up with the Dow Joneses</i>, Prashad argues that the advent of mass production and advertising has converted citizens into consumers whose desires are captured by the phrase "keeping up with the Joneses."</p> <p>Yet, as Prashad so persuasively demonstrates, keeping up with the Joneses is a trap: Americans have gone into massive consumer debt, with the poorest forty percent of the public borrowing money to compensate for stagnant incomes, not to spend on luxuries. Only the richest twenty percent borrow money to invest in stocks. Not surprisingly, in the last few years, income and wealth differentials have risen to record highs. By making crystal-clear connections between the economy, welfare

Author

Prashad, Vijay; Prashad, Vijay. American scheme

Publisher

South End ; Turnaround

Published

2003

Language

EN

ISBN

9780896086890

Subjects

Economics, Political Science, Science

Updated

2026-03-24