Why did I love this book?
Case and Deaton tell an extremely sobering story about the recent decline in life expectancy in the United States.
It is a story about the crumbling foundation of what has traditionally been considered a meaningful life: the comfort of belonging to an organized religion, a stable marriage and family, a successful working career and home ownership.
In their place, the new reality is often one of low wages, failed personal relationships, erratic work patterns, pain, addiction to alcohol and drugs, and incidents of ultimate despair—suicide.
The underlying causes of this social transformation include technical changes in how we do work in our economy and globalization that have left behind those with lower levels of education, declining unionization, and the operation of various aspects of the health system.
In the case of the latter, the pharmaceutical companies get special attention in relation to the opioid epidemic but more generally the high cost of healthcare is a major factor in limiting wage growth and elimination of jobs especially for those at lower earnings levels.
4 authors picked Deaths of Despair and the Future of Capitalism as one of their favorite books, and they share why you should read it.
A New York Times Bestseller
A Wall Street Journal Bestseller
A New York Times Notable Book of 2020
A New York Times Book Review Editors' Choice
Shortlisted for the Financial Times and McKinsey Business Book of the Year
A New Statesman Book to Read
From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class
Life expectancy in the United States has recently fallen for three years in a row-a reversal not seen since 1918 or in any other wealthy nation in modern times. In the…