Thursday, October 4, 2012
TIME: 11:30am - Bar opens; 12:15pm - Lunch; 1-2pm - Presentation and Q & A
PRICE: $20 Members; $30 Non-members (includes lunch); $10 Lecture only
EVENT TYPE: Speaker Luncheon
Jeff Faux’s newest book, 'The Servant Economy: Where America’s Elite is Sending the Middle Class', is a provocative and brutally honest book that takes up where almost all current books on the economic and political crisis leave off, looking not simply at how we got here, but where we are going. America's political and economic elite spent so long making such terrible decisions that they caused the collapse of 2008. So how can they continue down the same road? The simple answer is that things are still pretty great for the people who run America. It was an accident of history, Jeff Faux explains, that after World War II the U.S. could afford a prosperous middle class, a dominant military, and a booming economic elite at the same time. For the past three decades, all three have been competing, with the middle class always losing. Soon the military will decline as well. The most plausible projections Faux explores foresee a future economy nearly devoid of production and exports, with the most profitable industries existing to solely to serve the wealthiest 1%.
Faux is the principle founder of the Economic Policy Institute (EPI) of Washington, D.C. and served as its president from 1985-August 2002, when he became the Institute’s Distinguished Fellow. EPI is recognized globally as America’s leading research organization on the economic conditions of workers and their families.
The book will be available for purchase and signing.