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Glass House

The 1% Economy and the Shattering of the All-American Town
in: Sociology
Summary:

The book chronicles the decline of Lancaster, Ohio, once a thriving middle-class community, detailing how financialization, deindustrialization, and corporate greed have led to economic and social devastation. It provides a case study of the broader erosion of small-town America, exploring the impact on the town's residents and the fading of the American Dream.

Key points:

1. Deindustrialization: The book examines the impact of deindustrialization on Lancaster, Ohio, highlighting job losses and social issues due to the shift from manufacturing to service industries.

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