New America Nyc

In 2008, the collapse of the US financial system plunged the economy into the worst economic downturn since the Great Depression. Between 2008 and 2009, the U.S. labor market lost 8.4 million jobs – 6.1% of all payroll employment – and the average household brought in roughly $5,000 less in 2009 than it did in the year 2000. Since then, the wealth gap has only gotten worse: the top 10 percent now averages nearly nine times as much income as the bottom 90 percent. It should be no surprise, then, that Americans feel disenchanted. From Occupy Wall Street and more recent racial and economic movements to the left and right populisms of the 2016 election, Americans across the ideological spectrum are increasingly concerned by the concentration of both private and public power. Are our post-election politics on the precipice of change? According to Democracy Against Domination, a new book by New America fellow K. Sabeel Rahman, today's inequality crisis will only be solved with a complete overhaul of how we govern t