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Glass House: The 1% Economy and the Shattering of the All-American Town

Tekijä: Brian Alexander

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17811152,869 (4.02)17
"In 1947, Forbes magazine declared Lancaster, Ohio, the epitome of the all-American town. Today it is damaged, discouraged, and fighting for its future. In Glass house, journalist Brian Alexander uses the story of one town to show how seeds sown thirty-five years ago have sprouted to give us Trumpism, inequality, and an eroding national cohesion."--Jacket flap.… (lisätietoja)
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Näyttää 1-5 (yhteensä 11) (seuraava | näytä kaikki)
Brian Alexander’s provocative book, “Glass House: The 1% Economy and the Shattering of the All-American Town” takes the measure of capital as a malevolent force in American society. He draws a line from the Wall Street raiders of the 1970’s to the decay and decline of the American industrial heartland.

Alexander’s book should be read along side Arlie Russell Hochschield’s “Strangers in Their Own Land: Anger on the American Right.” Hochschield aims her sharpest arrows at the American chemical industry for their willful disregard of the ecology of the Deep South, their despoliation of the bayou, the swamps, and the wetlands adjoining their chemical plants and depots.

In “Glass House” we have an Ohio town that struck it rich in the early 1900’s when landowners discovered a rich and cheap reservoir of natural gas and parlayed it into a strong glass industry. They built their plants, they hired their workers, and things seemed to be going along tickety-boo until Carl Icahn arrived with a plan to blast open their companies to “unlock shareholder value” trapped in the aging corporations.

After a series of mismanaged takeovers, plant closures, and bankruptcies, the workers are left with worse wages, few benefits, and no security. Their municipality having given huge tax concessions to the new shareholders are facing bankruptcy as well. And community services consist largely of jailing drug abusers and drug dealers. There is little opportunity for the residents, so they either drift into crime and they drift to nearby Columbus.

Then business turns south, the outsiders blame government taxes, greedy unions, foreign competition, and lazy workers for their misfortunes.

Alexander has a good point. There is a connection between business and the communities they serve. I emphasize the communities they SERVE. The community isn’t just another asset to squeeze.

But is this the whole story?

Just before reading this book I also read “The Idea Factory: Bell Labs and the Great Age of American innovation,” by Jon Gertner. Long before AT&T was broken up by fiat of Congress, the telephone monopoly’s research subsidiary, Bell Labs, assembled the most extraordinary group of engineers, physicists, and chemists to tackle the thorniest problems the telephone company faced.

Bell’s scientists discovered the transistor, found ways to pump information through fibre optic cables, pioneered satellite communications, and developed the first cellphone network. While an employee of Bell Labs, Claude Shannon first put down his Information Theory and opened people’s eyes on how to convert all information into zero’s and ones, one of the foundations of today’s computer industry.

In the American context, capital has helped create some of the greatest wonders of the 20th and now the 21st century. Not always malevolent, you say.

The “All American town” of Alexander’s story, Lancaster, Ohio, is not so squeaky clean. It has a history of race baiting and social exclusion. Alexander starts the story long after the plains have been cleared of Amerindians, after Europeans stole the land for their own farmers.

The ugly side of America is also part of its heritage. Winner take all is as sacred as the Second Amendment. Are we so surprised it has spawned a predatory culture that feeds upon itself? ( )
  MylesKesten | Jan 23, 2024 |
Many moments of excellence. but the detailed explanations of corporate activities were sometimes tedious. Still, the book is a great expanation of why the country is in the state it's in. I wish politicians would read this. ( )
  texasstorm | Nov 10, 2023 |
في محاولة لفهم كيفية انتقال مدينة من صخب النمو والرفاهية إلى الانحدار الوحشي والزوال وتأثير ذلك على عقلية السكان وعلى المستقبل السياسي لدولة بأكملها، يأخذ الكاتب مدينة لانكاستر بولاية أوهايو كمثال. فبعد أن كانت شركة الزجاج منبع نجاح المدينة، هبطت في أيدي الشركات الجشعة، حيث بدأ المزيج السام من الإدارة السيئة وتمويل الأسهم الخاصة بتدمير حياة العمال والسكان، إلى أن حل الخراب بكامل المدينة.
يشير الناس غالباً باصبع الاتهام إلى الطبقة العاملة البيضاء من سكان مدن الغرب الأوسط ألأمريكي مثل لانكاستر لتحميلهم مسئولية وصول شخص مثل دونالد ترامب لمنصب الرئاسة. قد يصحّ هذا جزئياً، لكن فقط من خلال النظر إلى تطور وانهيار المدن الصغيرة ودور الشركات الكبرى وفساد المسئولين في القضاء على آمال سكانها، نبدأ في فهم السبب ورؤية الصورة الكبيرة للأمور. ( )
  TonyDib | Jan 28, 2022 |
This book took me a long time to read; partially because it's been sitting in the bathroom for a few months, and partially because it is the story of a town, and has a huge cast of characters to keep track of, especially if you are reading it piecemeal in the bathroom.

I picked it up because it's set in Lancaster, OH -- not too far away from my current location of Columbus, but really, it could be any number of rural towns that used to be a hub of manufacturing and now are quietly (or spectacularly) succumbing to the opiate epidemic and the scrutiny of academics hoping to find the answer to Trump.

Most of the narrative is kept in order chronologically, but jumps between many different perspectives, including the executive boardroom, the consultant brought in to turn around the company, the factory workers, kids growing up in the town, cops, drug addicts, people who have left and people who have come back.

It's definitely more dense than the obvious comparison, "Hillbilly Elegy," and focuses more on the overall impact of the loss of manufacturing on many people throughout a rural setting, where "Elegy" focuses more on one personal narrative in the setting. ( )
  resoundingjoy | Jan 1, 2021 |
This book will haunt me for a while. Glass House is a book about the economic collapse of my hometown of Lancaster, Ohio, like so many other small industrial towns across America. As the author recounted local history I somehow just knew as a kid, as well as some less savory bits I did not, and took the reader on a tour of local landmarks I felt a wild mix of nostalgia, sadness, and rage, knowing the devastation to come. My immediate family left before the worst came to Lancaster — the Carl Ichans and the private equity marauders and the easy heroin and the moralists who blame desperate people for just trying to get by the only way they can — but it's still my town and I take it personally that anyone would hurt the people there. ( )
  revafisheye | Jan 10, 2020 |
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Englanninkielinen Wikipedia

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"In 1947, Forbes magazine declared Lancaster, Ohio, the epitome of the all-American town. Today it is damaged, discouraged, and fighting for its future. In Glass house, journalist Brian Alexander uses the story of one town to show how seeds sown thirty-five years ago have sprouted to give us Trumpism, inequality, and an eroding national cohesion."--Jacket flap.

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