Neurotic Trillionaire

Neurotic Trillionaire : A Survey of Mr.Nixon's America

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Product details

  • Hardback | 112 pages
  • 140 x 220mm
  • United Kingdom
  • 0151652015
  • 9780151652013

Review Text

With deliberate flippancy, British economic journalist Norman Macracrae passes summary judgment on America's economic prospects and social neuroses, demonstrating considerably more expertise in the former sphere than in the latter. Published originally as a special supplement to the London weekly The Economist in May 1969, this surveys the U.S. situation as of March 1969, with some prefatory comments added on how Nixon's been doing since then (fairly well on political/social matters, unexpectedly badly with the economy). After paying obeisance to the American Gross National Product (which should reach $1 trillion in 1971), "man's greatest secular achievement," Macracrae reports on the Nixon economic team ("cautious, conservative, Christian men," but "no real troglodytes") and the state of the nation. The Republicans "have inherited, from the days of John Kennedy's new frontier, a continuing economic miracle; but also, from the wreck of. Lyndon Johnson's great society, the devil of a sociological mess." Macracrae's remedy for all ills is continued economic growth - "the pace of general economic advance alone can bring the Negro through to the decent bourgeois life" in suburbia - so he advises Nixon's men to "go flat out for economic growth despite the risk of continued inflation." To support this strategy, he invokes "an American historical lesson": "If you create wealth in America, it fructifies; but, if you create power groups in America, they go corrupt." Like the black power "toughs" and white radicals, whom Macracrae denounces with Nazi comparisons and personal disdain (SDS joins in black power "student riots" for "the revolutionary thrill"). To facilitate "the great healing power of accumulating wealth," Macracrae advocates a negative income tax, expansion of employment, more public works projects, and enforcement of open housing laws so Negroes can disperse from the ghettos. Refreshing himself with a rhetorical glimpse of America's heartland, the New York City skyline, and the computers of Wall Street, Macracrae exits with renewed faith that America can achieve a material Utopia. So much for sociological messes. (Kirkus Reviews)
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