One of the big issues, if not the biggest issue, in this year’s
presidential campaign is described in “The Great Risk Shift,” a book by
Yale political science professor Jacob S. Hacker.
Hacker’s
theme can be summarized in a single sentence: “Over the last generation
… we have witnessed a massive transfer of economic risk from broad
structures of insurance, including those sponsored by the corporate
sector as well as by government, onto the fragile balance sheets of
American families.”
As evidence, Hacker cites with clear
opprobrium the… more
