A strong case for turning onerous student loans to more economically productive ends—and for rethinking them altogether.
A well-reasoned argument for remaking the federal student-loan system.
Mother Jones writer Liebenthal, who confesses to carrying a heavy debt load herself, examines the system by which so many college students find themselves owing thousands and even hundreds of thousands of dollars to loan agencies—and, too often, in jobs that offer little hope of ever paying them back. Liebenthal traces that system to the GI Bill, which paid out $7 billion after World War II for 2 million veterans to attend college; the economic productivity in tax revenue alone was $12 billion, so that the grants paid for themselves. Yet that’s not how lawmakers, and particularly conservatives, want to think of loans: they’re private and not collective goods, with education itself “a commodity delivering benefits to individuals, who must also bear its costs.” Hidden within the GI Bill system, then, Liebenthal asserts, are mousetrap conditions meant to disqualify aspirant minorities from those benefits. The results linger: today, she holds, “women hold two-thirds of all debt and earn 26 percent less than men do from their degrees,” while Black students have double the debt of whites. These are not evenly distributed: public schools are more burdened than private ones (only 3 percent of Harvard undergrads, she notes, take out loans). Liebenthal proposes a general amnesty, noting that if the loans were forgiven, the massive debt (more than $1.6 trillion by some measures) would be redirected into the economy as consumer spending, benefiting the whole of society. Moreover, she argues, “we need a massive new investment in public higher education,” with an emphasis on public: private schools such as Harvard and especially for-profit schools, she urges, should be ineligible for federal support.
A strong case for turning onerous student loans to more economically productive ends—and for rethinking them altogether.Pub Date: Sept. 10, 2024
ISBN: 9780358353966
Page Count: 336
Publisher: Dey Street/HarperCollins
Review Posted Online: Aug. 2, 2024
Kirkus Reviews Issue: Sept. 1, 2024
Cogent, well-timed ideas for meeting today’s biggest challenges.
Helping liberals get out of their own way.
Klein, a New York Times columnist, and Thompson, an Atlantic staffer, lean to the left, but they aren’t interrogating the usual suspects. Aware that many conservatives have no interest in their opinions, the authors target their own side’s “pathologies.” Why do red states greenlight the kind of renewable energy projects that often languish in blue states? Why does liberal California have the nation’s most severe homelessness and housing affordability crises? One big reason: Liberal leadership has ensnared itself in a web of well-intentioned yet often onerous “goals, standards, and rules.” This “procedural kludge,” partially shaped by lawyers who pioneered a “democracy by lawsuit” strategy in the 1960s, threatens to stymie key breakthroughs. Consider the anti-pollution laws passed after World War II. In the decades since, homeowners’ groups in liberal locales have cited such statutes in lawsuits meant to stop new affordable housing. Today, these laws “block the clean energy projects” required to tackle climate change. Nuclear energy is “inarguably safer” than the fossil fuel variety, but because Washington doesn’t always “properly weigh risk,” it almost never builds new reactors. Meanwhile, technologies that may cure disease or slash the carbon footprint of cement production benefit from government support, but too often the grant process “rewards caution and punishes outsider thinking.” The authors call this style of governing “everything-bagel liberalism,” so named because of its many government mandates. Instead, they envision “a politics of abundance” that would remake travel, work, and health. This won’t happen without “changing the processes that make building and inventing so hard.” It’s time, then, to scrutinize everything from municipal zoning regulations to the paperwork requirements for scientists getting federal funding. The authors’ debut as a duo is very smart and eminently useful.
Cogent, well-timed ideas for meeting today’s biggest challenges.Pub Date: March 18, 2025
ISBN: 9781668023488
Page Count: 320
Publisher: Avid Reader Press
Review Posted Online: Jan. 16, 2025
Kirkus Reviews Issue: Feb. 15, 2025
BOOK REVIEW
PERSPECTIVES
For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.
Pub Date: Jan. 1, 1979
ISBN: 0061965588
Page Count: 772
Publisher: Harper & Row
Review Posted Online: May 26, 2012
Kirkus Reviews Issue: Jan. 1, 1979
BOOK REVIEW
BOOK REVIEW
BOOK REVIEW
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