Thursday, March 26, 2020

Transaction man

Transaction man: the rise of the deal and the decline of the American dream / Nicholas Lemann, 306 pgs.

Economic history, corporate culture and an explanation of why things are getting harder for the average citizen.  Lemann takes us from the rise of the corporation viewed through the lens of a neighborhood on the south side of Chicago.  The way the housing shifted, the jobs shifted and the difficulty of hanging on despite a lot of effort of the people featured in this book.  The economy has changed, is changing, will continue changing.  How do we deal with the people who get mowed over as the machine keeps moving.  This book doesn't provide answers, it is more a chronicle of the rise and fall of the system...but somehow the system hasn't changed much.  Interesting reading for econ nerds.

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