Hedrick Smith Looks at the Past to Answer the Question: Who Stole the American Dream?
February 28, 2013
In his bestselling The Russians, Pulitzer Prize-winner Hedrick Smith took millions of readers inside the Soviet Union. In The Power Game, he took us inside Washington's corridors of power.
Now Smith takes us across America to show how seismic changes, sparked by a sequence of landmark political and economic decisions, have transformed America and all but eliminated the idea of shared prosperity.
Smith discusses his new book, Who Stole the American Dream? on Tuesday, March 12, 2013, at 6:30 p.m. at the Central Library, 14 W. 10th St.
Starting with a provocative 1971 memo by corporate lawyer and future Supreme Court Justice Lewis Powell - a "manifesto" that spurred the creation of pro-business, conservative institutions like the Heritage Foundation and Cato Institute -- Who Stole the American Dream? goes on to examine the accidental beginnings of the 401(k) plan (which has had disastrous economic consequences for many) and how the "New Economy" disrupted America's engine of shared prosperity.
Smith reveals how pivotal laws and policies were altered while the public wasn't looking, how Congress often ignores public opinion, why moderate politicians got shoved to the sidelines, and how Wall Street often wins politically by hiring over 1,400 former government officials as lobbyists.
In the process Smith explains how America lost the title of "Land of Opportunity."
Smith is a former reporter and editor for The New York Times and an Emmy Award-winning producer/correspondent for the PBS show Frontline. Among his books are The New Russians, The Media and the Gulf War, and Rethinking America.
Major funding for programs at the Kansas City Public Library is provided by a generous grant from the Ewing Marion Kauffman Foundation.
Admission is free. A 6 p.m. reception precedes the event. RSVP at kclibrary.org or call 816.701.3407. Free parking is available at the Library District Parking Garage at 10th & Baltimore.