There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the wealth. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this.

About the Authors, Prologue, Chapter 1. Evolution of capitalism, inequality, and unemployment, Chapter 2. Evolution of inequality and unemployment in America, Chapter 3. Storm over economics, Chapter 4. Inequality and the normal operation of American capitalism, Chapter 5. Unemployment and inequality, Chapter 6. Profit, investment, and inequality, Chapter 7. How boom and bust affects inequality, Chapter 8. How inequality affects consumer demand, Chapter 9. Credit, bubble, and bust, Chapter 10. Government: economic inequality and political inequality, Chapter 11. Global capitalism, inequality, and crisis, Chapter 12. Story of the inequality cycle, Chapter 13. The great recession and inequality, Chapter 14. Financial crisis and inequality, Chapter 15. A progressive road to economic equality and full employment, Technical appendix: model of the inequality cycle, Procedural appendix: measuring business cycles in the 21st century