This comprehensive study of class struggle in America asks: Why has there never been a mass working class party in the U.S.? “One of the most uncompromising books about American political economy ever written—brilliant, provocative, and exhaustively researched.” —Village Voice Prisoners of the American Dream is Mike Davis’s brilliant exegesis of a persistent and major analytical problem for Marxist historians and political economists: Why has the world’s most industrially advanced nation never spawned a mass party of the working class? This series of essays surveys the history of the American bourgeois democratic revolution from its Jacksonian beginnings to the rise of the New Right and the re-election of Ronald Reagan, concluding with some bracing thoughts on the prospects for progressive politics in the United States.

Mike Davis's brilliant exegesis attempts to answer the question: Why has the world's most industrially advanced nation never spawned a mass party of the working class?

"Clarence Cecil 'Skippy' Adams exhibited self-reliance, ambition, ingenuity, courage and a commitment to learning. Unfortuantely, for an African American coming of age in the 1930's and 1940's, such attributes counted for little, especially if he lived in the South. Clarence Adams had another strike against him. In 1953, after spending thirty-three months as a POW during the Korean War, he chose not to return to his homeland; instead he went to China, where he spent the next 12 years of his life. After returning to the United States, the House Un-American Activities Committee accused him of 'disrupting the morale of the American fighting forces in Vietmnam and inciting revolution in the U.S.' Adams vigorously denied these charges, explaining: 'I went to China because I was looking for freedom, a way out of poverty, and to be treated like a human being...."--From the preface.

POLITICS/CURRENT EVENTS

Americans as a whole view themselves as reasonably prudent and sober people when it comes to matters of money, reflecting the puritan roots of the earliest European settlers. Yet as a community, we also seem to believe that we are entitled to a lifestyle that is well-beyond our current income, a tendency that goes back to the earliest days of the United States and particularly to get rich quick experiences ranging from the Gold Rush of the 1840s to the real estate bubble of the early 21st Century. Inflated examines this apparent conflict and makes the argument that such a world view is so ingrained in us that to expect the United States to live in a "deflated" world is simply unrealistic. It skillfully seeks to tell the story of, money inflation and public debt as enduring (and perhaps endearing) features of American life, rather than something we can one day overcome as our policy makers constantly promise. Features interviews with today's top financial industry leaders and insiders. Offer a glimpse into the future of the Federal Reserve and the role it will play in the coming years Examines what the future may hold for the value of the U.S. dollar and the real incomes of future generations of Americans The gradual result of the situation we find ourselves in will inevitably lead to inflation, loss of economic opportunity, and a decline in the value of the dollar. This book will show you why, and reveal how we might be able to deal with it.

"The bestselling author of Bowling Alone offers [an] ... examination of the American Dream in crisis--how and why opportunities for upward mobility are diminishing, jeopardizing the prospects of an ever larger segment of Americans"--

Cullen particularly focuses on the founding fathers and the Declaration of Independence ("the charter of the American Dream"); Abraham Lincoln, with his rise from log cabin to White House and his dream for a unified nation; and Martin Luther King Jr.'s dream of racial equality. Our contemporary version of the American Dream seems rather debased in Cullen's eyes-built on the cult of Hollywood and its outlandish dreams of overnight fame and fortune.