Adrift America in 100 charts

Scott Galloway

Book - 2022

"We are only just beginning to reckon with our post-pandemic future. As political extremism intensifies, the great resignation affects businesses everywhere, and supply chain issues crush bottom lines, we're faced with daunting questions - is our democracy under threat? How will Big Tech change our lives? What does job security look like for me? America is on the brink of massive change - change that will disrupt the workings of our economy and drastically impact the financial backbone of our nation: the middle class. In Adrift, Galloway looks to the past - from 1945 to present day - to explain just how America arrived at this precipice. Telling the story of our nation through 100 charts, Galloway demonstrates how crises such as J...im Crow, World War II, and the Stock Market Crash of 2008, as well as the escalating power of technology, an entrenched white patriarchy, and the socio-economic effects of the pandemic, created today's perfect storm. Adrift attempts to make sense of it all, and offers Galloway's unique take on where we're headed and who we'll become, touching on topics as wide-ranging as online dating to minimum wage to the American dream. Just as in 1945 and 1980, America is once again a nation at a crossroads. This time, what will it take for our nation to keep up with the fast and violent changes to our new world?" --

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Subjects
Published
New York : Portfolio/Penguin, an imprint of Penguin Random House LLC 2022.
Language
English
Main Author
Scott Galloway (author)
Other Authors
Luba Lukova (artist)
Physical Description
299 pages : illustrations, charts ; 25 cm
Bibliography
Includes bibliographical references.
ISBN
9780593542408
  • Preface: Ballast
  • 1. Rise of the Shareholder Class
  • 1. Trickle-Down Tax Plan
  • 2. Changing Sentiments
  • 3. Declining Infrastructure
  • 4. Healthcare Cutbacks
  • 5. Labor Loses Its Voice
  • 6. The LBO Boom
  • 7. Productivity Soars, Compensation Stagnates
  • 8. Income Inequality
  • 9. An Overwhelmed IRS
  • 10. The Offshoring Explosion
  • 11. Stock Market Participation
  • 2. The World We Made
  • 12. Productivity Revolution
  • 13. Billions of People Work Their Way Out of Poverty
  • 14. Health Is Wealth
  • 15. A New World Order
  • 16. Freedom of Movement
  • 17. The Red Blood Cells of the Consumer Economy
  • 18. The Digital Age
  • 19. Accelerating Technological Advancement
  • 20. U.S. Institutions = Genius Factories
  • 21. Assisting Humanity
  • 3. Idolatry of Innovators
  • 22. Turning Away From Community Organizations
  • 23. Water Safety in the Richest Country in the World
  • 24. Privatized R&D = Privatized Progress
  • 25. College Has Become the Entry Requirement to the Middle Class
  • 26. The Gross Idolatry of Innovators ... by Innovators
  • 27. Power Games
  • 28. The Entrenchment of Wealth
  • 29. It's Never Been Easier to Be a Trillion-Dollar Company
  • 30. The MDMA Dealer of Capitalism Is the Corporate Communications Exec
  • 31. D.C. = HQ2
  • 32. Perspective
  • 4. Hunger Games
  • 33. The Great Divergence
  • 34. It's Wealthy at the Top
  • 35. From Lopsided to Dystopian
  • 36. Invasive Species
  • 37. The Minimum Wage Is Decades Behind
  • 38. What Are Our Priorities?
  • 39. Financialization and Asset Inflation
  • 40. Asset Inflation Comes Home
  • 41. An Assault on America's Prosperity
  • 42. Another Covid Crime
  • 43. The U.S. Healthcare System Is Embarrassingly Inefficient
  • 44. Waking Up From the American Dream
  • 5. The Attention Economy
  • 45. We're All Addicted to Our Phones
  • 46. Digital Billboards
  • 47. Decline of the News
  • 48. Triggered
  • 49. Liar, Liar
  • 50. "Political" Censorship
  • 51. Fake News
  • 52. Media Fuels Misunderstanding About Crime
  • 53. Relationship Status
  • 6. House of Cards
  • 54. Marriage Rates Are at Record Lows
  • 55. Women Value Earning Potential in Male Partners
  • 56. Men's Share of College Enrollment at Record Lows
  • 57. Online Dating Apps Are More Inequitable Than Almost Anywhere on Earth
  • 58. Political Divides Become Social Divides
  • 59. Failure to Leave
  • 60. Population Growth Is Slowing to Great Depression Levels
  • 61. Created Equal
  • 62. Mass Murder Is a Uniquely Male Crime
  • 63. The Long-Term Erosion of Trust in the Federal Government
  • 64. Old Money, Old Problems
  • 65. Those Funding the Future Reflect the Past
  • 7. Threats
  • 66. The United States Retains the Title
  • 67. The Dominance of the U.S. Dollar
  • 68. China Has Replaced the U.S. as the Most Popular Trading Partner
  • 69. The U.S. Gets Less for Its Military Dollar
  • 70. Military Spending Doesn't Always Equate to Effectiveness
  • 71. Chinese Leadership in Military Drones
  • 72. Does Our Budget Allocation Align With Our Threats?
  • 73. Erosion of the World's Most Important Brand
  • 74. The U.S. Is No Longer the World's Laboratory
  • 75. Clean Energy's Silk Road Runs Through China
  • 76. The Spawning Ground for Capitalism's Apex Predators
  • 8. The Bright Side of Instability
  • 77. Crises Trigger Growth
  • 78. Resetting Expectations
  • 79. Surging Startups
  • 80. Immigrants Are the Original Entrepreneurs
  • 81. Seeking Refuge
  • 82. Getting Banked
  • 9. Possible Futures
  • 83. Printing Our Way to Prosperity
  • 84. Drowning in Cash
  • 85. Investment in the Social Safety Net
  • 86. Smothered by the Safety Net
  • 87. Metadystopia
  • 88. Fast Future
  • 89. Space Is Lonely Without Friends
  • 10. What We Must Do
  • 90. Simplify the Tax Code
  • 91. Rebuild the Regulatory System
  • 92. Restore the Algebra of Deterrence
  • 93. Reform Section 230
  • 94. Rethink the Land of the Free Incarcerated
  • 95. Enact a One-Time Wealth Tax
  • 96. Rebrand Nuclear
  • 97. Support Children and Family Formation
  • 98. Reform Higher Ed
  • 99. Enable Other Pathways for Upward Mobility
  • 100. Invest in National Service
  • Conclusion
  • Acknowledgments
  • Notes
Review by Booklist Review

Galloway, professor of marketing at NYU, delivers a pictorial representation of America by weaving together history, social norms, politics, innovation, health care, and many more topics to deliver a rich narrative that will pull readers in. He follows the nation's changes from the end of WWII to present day. The book features 10 chapters with topics including inflation, marriage, global trade, and poverty. Each topic within the chapter includes a chart with well-researched data presented in images and graphs. Galloway leaves no stone unturned as he draws an intriguing picture of the United States, one uplifting at times and desperate at others. While he points out the potential for continued growth and prosperity, he feels that Americans are steering themselves awry. Galloway implores readers to learn from history and to take this information and embrace the changes that are happening now, such as remote work, accelerated medical advances, and economic tides. History buffs, economists, political activists, students, and the general public will find this an easy-to-read, brief history of the United States and how our actions made individually impact us collectively.

From Booklist, Copyright (c) American Library Association. Used with permission.
Review by Publisher's Weekly Review

In this data-driven analysis, NYU business professor Galloway (Post Corona) charts rises in economic inequality, political partisanship, and social alienation since the 1980s. Contending that Ronald Reagan's tax and budget cuts boosted the economy but suppressed social mobility, Galloway uses graphs, pie charts, and other visuals to illustrate the stark divide in wage growth between the top 1% of American workers and the rest, the declines in infrastructure spending that have left 45% of Americans without access to public transportation, and the sharp increase--from 5% to more than half--of corporate profits registered in foreign tax havens. On the flip side, he presents data documenting how U.S.-led globalization efforts over the past 40 years have decreased global poverty and infant mortality rates. The picture that emerges is one of accelerating domestic decline, as Reagan's ethos of "rugged individualism" has morphed into "idolatry of innovators" while fostering intolerance and distrust in government. There's a distinct randomness to the information presented--"teeth grinding & clenching" were up 71% in 2021, while Gen Zers unlocked their smartphones 79 times per day in 2018--and some of the graphs feel more obligatory than edifying, but Galloway diagnoses a wide range of social ills. Readers will find much food for thought. (Sept.)

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

We have captains aplenty and loads of technology--and yet, writes entrepreneur and NYU marketing professor Galloway, the ship of state is lost at sea. A little of the "adrift" metaphor goes a long way, but the author makes good points. For example, we all have powerful computers in our pockets, yet we fail to forge connections that advance the interests of the commonwealth. Moreover, although Galloway is intent on proving his thesis with meaningful numbers, we don't seem to be capable of fixing major problems: the fact, for instance, that in 1966, "the U.S. committed 2.5% of its potential GDP to infrastructure development," whereas today the number is 1.3%. Furthermore, "about 1 in every 5 U.S. roads is in poor condition. Forty-five percent of Americans do not have access to public transit. A water main break occurs every two minutes." Meanwhile, the number of workers in the financial sector who populate the ranks of the ultrawealthy has doubled in the past four decades, and most of them know how to skirt tax laws. Corporate profits are more than double the percentage of employee compensation, while Jeff Bezos' and Elon Musk's space adventures occupy far more eyeballs on the TV news than the far more significant climate crisis. Everywhere the reader turns in Galloway's book, there's frightening news that promises to grow worse. In a supremely timely turn, for instance, he links mass murder--"a uniquely male crime" committed by "bored young men without any pathway to economic security"--to the general hopelessness of the era. Marriage rates are down, education for minority citizens lags far behind that for Whites, inequality grows, and wages continue to fall. All the points made by the author's tables and graphs--"visuals that strike a chord and inspire action"--point to a maddeningly visible but unacted-on dissolution of the republic. A dispiriting though deeply meaningful tour of bad-news numbers that mark a frightful national decline. Copyright (c) Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.