Capitalism without Capital
Geoffrey Hawthorn, 26 May 1994
The Endangered American Dream: How to Stop the United States from Becoming a Third World Country and Win the Geo-Economic Struggle for Industrial Supremacy
by Edward Luttwak.
Simon and Schuster, 365 pp., $24, October 1993,0 671 86963 9 Show More
by Edward Luttwak.
Simon and Schuster, 365 pp., $24, October 1993,
Japan’s Capitalism: Creative Defeat and Beyond
by Shigeto Tsuru.
Cambridge, 277 pp., £24.95, June 1993,0 521 36058 7 Show More
by Shigeto Tsuru.
Cambridge, 277 pp., £24.95, June 1993,
“... families, earning somewhere between $18,576 and $74,304. But this isn’t a rising middle class. In the last six years of the Eighties, it shrank from 71 per cent of all families to 63 per cent. Looked at another way again, the wealth of all but the richest 1 per cent declined on average in these years by a percentage point a year. Real incomes also ... ”