Deaths of despair and the future of capitalism

Anne Case, 1958-

Book - 2020

"This book documents the decline of white-working class lives over the last half-century and examines the social and economic forces that have slowly made these lives more difficult. Case and Deaton argue that market and political power in the United States have moved away from labor towards capital-as unions have weakened and politics have become more favorable to business, corporations have become more powerful. Consolidation in some American industries, healthcare especially, has brought an increase in monopoly power in some product markets so that it is possible for firms to raise prices above what they would be in a freely competitive market. This, the authors argue, is a major cause of wage stagnation among working-class American...s and has played a substantial role in the increase in deaths of despair. Case and Deaton offer a way forward, including ideas that, even in our current political situation, may be feasible and improve lives"--

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Subjects
Published
Princeton : Princeton University Press [2020]
Language
English
Main Author
Anne Case, 1958- (author)
Other Authors
Angus Deaton (author)
Physical Description
x, 312 pages : illustrations, maps ; 24 cm
Bibliography
Includes bibliographical references (pages 265-291) and index.
ISBN
9780691190785
9780691207827
  • Preface
  • Introduction: Death in the Afternoon
  • Part I. Past as Prologue
  • 1. The Calm before the Storm
  • 2. Things Come Apart
  • 3. Deaths of Despair
  • Part II. The Anatomy of the Battlefield
  • 4. The Lives and Deaths of the More (and Less) Educated
  • 5. Black and White Deaths
  • 6. The Health of the Living
  • 7. The Misery and Mystery of Pain
  • 8. Suicide; Drugs, and Alcohol
  • 9. Opioids
  • Part III. What's the Economy Got to Do With It?
  • 10. False Trails: Poverty, Income, and the Great Recession
  • 11. Growing Apart at Work
  • 12. Widening Gaps at Home
  • Part IV. Why Is Capitalism Failing So Many?
  • 13. How American Healthcare Is Undermining Lives
  • 14. Capitalism, Immigrants, Robots, and China
  • 15. Firms, Consumers, and Workers
  • 16. What to Do?
  • Acknowledgments
  • Notes
  • Index
Review by Choice Review

To better understand one of the important problems of the current era, namely the declining life expectancies of middle-aged American males, this book offers multifold illuminating insights. Case (Princeton Univ.) and Deaton (emer., Princeton Univ.) link rising suicide rates, surging drug overdose deaths, and alcoholism-related mortalities, calling these fatalities "deaths of despair." They see this pattern over-represented among middle-aged white males, many of whom hold dead-end, low-paying, service-work jobs--if they are lucky enough to find jobs. Low educational attainments further reduce these workers' economic futures, along with their declining union memberships and attenuated religious affiliations, leading many to seek comfort from drugs to escape the pain of everyday life. The authors see this problem residing in the US exclusively, where most people are excluded from health and social services, which are primarily available to higher-status job holders. Only by drastically reforming the health care system into a single-payer system with more government regulations, comparable to health care systems in European countries, will the US be able to address these problems. With very convincing statistical analyses and excellent graphics, these authors have adroitly linked two important problem areas. Summing Up: Highly recommended. All levels. --William Feigelman, emeritus, Nassau Community College

Copyright American Library Association, used with permission.
Review by Publisher's Weekly Review

Husband and wife economists Case and Deaton (The Great Escape) analyze the factors contributing to rising death rates among white, working-class Americans in this grim yet galvanizing account. Attributing much of the overall increase to suicides, drug overdoses, and alcoholic liver disease, Case and Deaton show that 158,000 people succumbed to such "deaths of despair" in 2017 ("the equivalent of three full 737s falling out of the sky every day, with no survivors"). They also note that the mortality rate among white men aged 45--54 without a bachelor's degree has increased 25% since the early 1990s, while decreasing 40% for those with a college diploma. Looking behind the numbers, Case and Deaton examine how solid, blue-collar jobs that could support a stable family life have been replaced by low-paying service industry jobs, contributing to wage stagnation; the role of the pharmaceutical industry in the opioid epidemic; and deficiencies in American health care ("a disgrace"). In a brisk final chapter, they outline possible reforms, including universal health care, wage subsidies, the loosening of patent protections to buoy business innovation and competition, and German-style apprenticeship programs as a college alternative. Complementing their candid prose with enlightening charts and graphs, Case and Deaton make the scale and immediacy of the problem crystal clear. This is an essential portrait of America in crisis. (Mar.)

(c) Copyright PWxyz, LLC. All rights reserved
Review by Kirkus Book Review

Noted Princeton economists Case and Deaton, a winner of the Nobel Prize, examine the effects of income and educational inequality on public health. As Beth Macy's Dopesick carefully chronicled, there is a disease afoot in the land, born of economic anxiety, manifested in addiction and self-destruction. Building on a Brookings Institution paper of 2017, Case and Deaton give a name to this epidemic. In 1900, they write, the leading causes of death were infectious diseases such as tuberculosis and cholera. Writing before the unexpected onset of COVID-19, the authors mark the current leading causes as heart disease and cancer. However, especially among the poor and those without a four-year college degree, "the risk of dying in midlife from suicide, accidental drug overdose, or alcoholic liver disease" is markedly higher than in better-educated and more affluent cohorts. Thus the "deaths of despair" of the title, self-inflicted and generationally bound--for, as the authors note with grimly precise data, the chance of such a person's dying at age 45 in 1960 were half again as high as in 1950, and in 1970 more than twice as high as in 1960. "The later you were born," they conclude, "the higher your risk of dying a death of despair at any given age." The epidemic of deaths of young people today to gunshot, cirrhosis, fentanyl and opioid overdosing, and such causes is sober testimonial to the authors' mathematical reasoning. Non--college educated whites born in 1980, the authors write, are four times more likely to commit suicide as their college-educated white cohorts. Interestingly, the epidemic is not affecting other ethnicities in nearly the same numbers. What has affected nearly every group, however, is another manifestation of despair: obesity, which yields pain and often self-medication, especially among "those who are not at the top." An alarm every bit as urgent as The Jungle and a book that demands immediate attention. Copyright (c) Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.