Special Feature: Restore Trust: Economic Solutions to Current Social and Political Issues in the U.S
Hard times face Americans in an era of rising financial inequality, where economic hardships translate to social, cultural and not to mention political consequences. Journalist, political commentator and political science Ph.D. Werner Neff lends his voice to the cause of economic reforms, pointing out the causes of the current conundrum and potential solutions that can heal America’s fractured society and “Restore Trust.”
Neff, who also has a master’s degree in economics, explains that poverty is a structural problem created by economic thinking errors and institutional poverty traps. This goes beyond the notion that poverty is merely an individual’s fault, a problem that can be reversed if one is sufficiently frugal or avoids ordering extra fries at McDonald’s. He reveals the factors behind poverty, discussing them in detail.
One of the causative factors is politics, as the low minimum wage cannot support even a basic lifestyle, resulting in the proliferation of food stamps, free medical services, and other social programs as band-aid solutions to cover the gap. These measures don't address the root cause, yet take up half the federal budget. While this support system for the poor and elderly takes up American citizens' tax dollars, it also enables the continuation of the insufficient minimum wage, which is in turn rather convenient for companies that can go on underpaying their employees while their quarterlies soar.
Neff states that these economic thinking errors are the source of the "entitlement society," wherein ironically the entitlement comes from companies that believe they deserve to underpay workers. This disempowering of the working poor results in the distortion of democratic principles. On the other hand, wealthy individuals and large corporations have sway over legislation and can bend economic laws in their favor.
With poverty portrayed as a personal fault, and success elevated as an achievement entirely earned by one's efforts rather than the result of being in certain unaffected or privileged demographics, many drink the Kool-Aid and vote against their own interests and values, thinking themselves as future big shot millionaires. They ignore the uncomfortable reality that most people are just a mistake or two away from being no different than the reviled poor. What results is an "American voting paradox," further enabled by gerrymandering and voting restrictions that favor the libertarian ideology and factions.
With "Restore Trust," Neff tears away the veil and invites his readers to take a fresh look at socio-economic realities. He proposes economic solutions, points out dysfunctional politics, and offers a call to action to help Americans defend their rights, meet their needs and uphold their values.
Reviews and What Readers Say
“ I thought this rather laid it on the line of what the politicians are doing to the nited States. Talks about the social programs, poverty and a look at it all from the eyes of someone who has lived in and experienced another government. We need to make changes. ”
“ I'm no economist, but I am deeply concerned about the state of the States. From an inadequate minimum living wage, to a "what's in it for me" prevailing attitude to a bitter, divided and ineffectual bi-partisan Congress, our democracy is reeling. I think everyone, conservative or liberal, needs to read this book and use it as a guide to bring about meaningful change. Read it and you will be amazed!"
―Rabid Reader, Amazon Client Verified Purchase
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Werner Neff is a freelance political publicist who mainly writes about social legislation of the U.S. As economist his statements are critical of subsidized market prices (minimum wage earners are entitled to food stamps, Medicaid and other social benefits), he explains economic thinking errors, poverty traps and how big corporations are active in tax-avoiding while profiting from public search funds to realize advantages of their products.
Werner Neff was born in Zurich, Switzerland. He attended public schools, completed an apprenticeship and studied business, economics, and international relations at the University of St. Gallen where he got his licentiate (lic.rer.publ). He continued his study in economics and political science at Freie Universität Berlin to obtain the doctorate (Dr.rer.pol.). He worked with a Hotel and Restaurant groupe and for 25 years with a big Swiss bank as a mortgage and small business loan specialist.
Neff moved to Colorado when retired to support his American wife who was ill. Taking over her responsibility for tax filing, retirement funds and health insurance bills he became passionate about current affairs, politics, and socioeconomics of his new home country.