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- ISBN13: 9780060936426
- Condition: NEW
- Notes: Brаחԁ Nеw frοm Publisher. Nο Remainder Mаrk.
Product Description
Iח Tһе Forgotten Man, Friendship Shlaes, one οf tһе nation’s mοѕt-respected fiscal commentators, offers a striking reinterpretation οf tһе Fаחtаѕtіс Depression. Sһе traces tһе mounting agony οf tһе Nеw Dealers аחԁ tһе tender tаƖеѕ οf individual citizens wһο owing tο tһеіr сουrаɡеουѕ resolve һеƖреԁ establish tһе faithful character wе admit аѕ American today. … More >>
Tһе Forgotten Man: A Nеw History οf tһе Fаחtаѕtіс Depression
March 31, 2010 at 9:31 am
I WAS DISAPPOINTED BECAUSE THE BOOK TITLE LED ME TO BELIEVE THAT IT WOULD FOCUS ON THE PLIGHT OF THE POOR. RATHER IT WAS A VEHICLE TO REWRITE HISTORY IN FAVOR OF THE POINT OF VIEW THAT DID NOT WORK UNDER HOOVER AND WAS REJECTED BY THE AMREICAN PEOPLE FOUR TIMES WITH THE ELECTION OF FDR.
THE FORGOTTEN MEN AND WOMEN KNEW WHO WAS HELPING THEM AND WHO WAS TURNING A BLIND EYE TO THEIR PLIGHT. THE AUTHOR CAN ONLY GET AWAY WITH WRITING SUCH A BOOK BECAUSE MEMORIES HAVE FAILED AND SO MANY SCHOLARS HAVE DIED OFF WHO HAD THE LESSONS OF THE NEW DEAL CLEARLY IN MIND.
Rating: 1 / 5
March 31, 2010 at 10:15 am
Funded by a corporate elite Reflect Tank, Friendship Shlaes, a former Wall Road Journal Editorial scribbler purports to write “A New History of the Fantastic Depression” from the perspective of “The Forgotten Man.” But, Shlaes substitutes the viewpoints of disgraced—and now forgotten—Hoover Administration Treasury Secretary Andrew Mellon, for the common man FDR stood up for and defended all owing to the Fantastic Depression.
Andrew Mellon strenuously demanded a “prolonged liquidation” and advised the road to recovery was to “exterminate labor, exterminate stocks, exterminate the farmers, exterminate real estate.” To which John Maynard Keynes responded, “I do not know how universal bankruptcy can do any excellent or bring us nearer to prosperity.” Shlaes shilling for the corporate elite cannot exchange the fact that Keynes was right. The recovery sprang not from businessmen export up bankrupt assets but rather from the massive Government spending leading up to and all owing to WWII.
Rating: 1 / 5
March 31, 2010 at 12:10 pm
In “Hard Times”, Studs Terkel provides an oral history that is a more credible recounting of the Fantastic Depression and the forgotten man.
Rating: 1 / 5
March 31, 2010 at 2:26 pm
There’s really nothing new here but the political spin. Schlaes hasn’t got whatever thing fascinating to say about the consequences of the Crash, the mistakes of the Fed, the stupidity of Smoot-Hawley or the flaws and limits of the New Deal that I didn’t learn 30 years ago in my econ and poli sci classes. Classes educated, mind you, not by doctrinaire monetarists at the U of Chicago but by mainstream profs at Michigan State and MIT.
This is just decades of conventional wisdom dressed up in conservative drag pretending to be a brilliant new analysis. I don’t reflect the public is laboring under some mass delusion about the New Deal and even if it is, this book won’t exchange whatever thing. After all, it’s Friendship Schlaes not the Amityville Horror.
Rating: 2 / 5
March 31, 2010 at 2:42 pm
Many people are making comfortable livings from the neoliberal fiscal policies that strengthen corporate tyrannies, so they’ll like this sort of book. Although, as another 1 star reviewer has pointed out, “The Forgotten Man” is the sort of book to be expected from the corporatists who are seeking to dismantle social spending and the aspects of government that supply the general public.
The real forgotten men (and women) of the Depression era are the members of the Communist party who pressured Roosevelt to enact some worthwhile programs. I won’t list those programs here, but there are ways to “promote the general welfare” (as the Constitution instructs a government of, by and for the people to do) other than subsidizing a stable welfare system for weapons contractors and other anti-social industries. McCarthyism and its modern day advocates have worked hard to undo the labor and race relation accomplishments of the far left. Pitting races against each other (as in the current climate of immigrant bashing) and weakening the working class (as with the endless efforts to thwart labor organizing) are standard tactics of the mega-investor class that Ms. Shales and the rest of the Wall Road board represents. The Communist party of the USA was attacked by forces such as the FBI, but still managed to pressure the Roosevelt administration into some of those government policies so derided and/or targeted by the elite. For occasion, the money of the Social Security system is something that Wall Road firms want to seize from well loved control. The fees that investment firms will demand from a scheme of privatized retirement financial statement will make even more luxurious lifestyles for the citizens of “Richistan”. Richistan: A Journey Owing to the American Wealth Boom and the Lives of the New Rich
The perception managers of the rightist super-rich needed this book to come out now. The nationally-syndicated radio talk show host, Thom Hartmann, has been informing his substantial audience about the actual history of the Depression and the Roosevelt administration. Hartmann even plays recordings of FDR speeches, and includes the transcript of FDR’s acceptance address for the Democratic nomination in his book,
Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights
A few lines from that address will provide clarity as to why Newt Gingrich, Rush Limbaugh and other corporatists are working to rewrite the legacy of FDR.
“The hours men and women worked, the wages they expected, the conditions of their labor – these had passed beyond the control of the people, and were imposed by this new industrial dictatorship. The savings of the average family, the capital of the small-businessmen, the investments set aside for ancient age – other people’s money – these were the tools which the new fiscal royalty used to dig itself in. . . Throughout the nation, opportunity was limited by monopoly. Individual initiative was crushed in the cogs of a fantastic machine. The field open for free business was more and more restricted. Private enterprise, indeed, became too private. It became privileged enterprise, not free enterprise.”
Another forgotten man of the era is General Smedley Butler, who exposed a coup-attempt by rich industrialists to overthrow the FDR administration. Footage of Butler’s historic press conference is found in the documentary The Corporation.
And for a much needed vision of an entirely different sort of economics, I’d suggest Economics of Happiness: Building Genuine Wealth
Rating: 1 / 5