(c) Copyright PWxyz, LLC. All rights reserved
Sometime in the late 1970s, the foundations of the American Century began to unravel. In this trenchant account, New Yorker writer Packer (The Assassins' Gate: America in Iraq) charts the erosion of the social compact that kept the country stable and middle class. Readers experience three decades of change via the personal histories of an Ohio factory worker, a Washington political operative, a North Carolinian small businessman, and an Internet billionaire. Their lives follow the ups and downs of a changing country, where manufacturing jobs vanish, businesses thrive and fail, and political fortunes crest and recede. There's a pervasive sense that "nothing was locked down," thanks to the erosion of bank regulations that for 50 years averted the panics, and meltdowns that now push the middle class to the brink. Adroit homages to John Dos Passos's "newsreel" interludes provide astute quips and headlines. Brief biographies of seminal figures that shaped the current state of affairs offer the book's fiercest prose, such as in Packer's brutal takedown of Robert Rubin, secretary of the Treasury during some key 1990s financial deregulation that amplified the severity of the Great Recession of 2008. Packer has a keen eye for the big story in the small moment, writing about our fraying social fabric with talent that matches his dismay. Agent: Sarah Chalfant, the Wylie Agency. (May 21) (c) Copyright PWxyz, LLC. All rights reserved.
From Booklist, Copyright © American Library Association. Used with permission.
*Starred Review* How have we come to feel that neither the government nor the private sector works as it should and that the shrinking middle class has few prospects of recovering its former glory? Through profiles of several Americans, from a factory worker to an Internet billionaire, Packer, staff writer for the New Yorker, offers a broad and compelling perspective on a nation in crisis. Packer focuses on the lives of a North Carolina evangelist, son of a tobacco farmer, pondering the new economy of the rural South; a Youngstown, Ohio, factory worker struggling to survive the decline of the manufacturing sector; a Washington lobbyist confronting the distance between his ideals and the realities of the nation's capital; and a Silicon Valley entrepreneur pondering the role of e-commerce in a radically changing economy. Interspersed throughout are profiles of leading economic, political, and cultural figures, including Newt Gingrich, Colin Powell, Raymond Carver, Sam Walton, and Jay-Z. Also sprinkled throughout are alarming headlines, news bites, song lyrics, and slogans that capture the unsettling feeling that the nation and its people are adrift. Packer offers an illuminating, in-depth, sometimes frightening view of the complexities of decline and the enduring hope for recovery.--Bush, Vanessa Copyright 2010 Booklist