Summary, Analysis & Review of George Packer's The Unwinding by Instaread

By Instaread Summaries

Summary, Analysis & Review of George Packer’s The Unwinding by Instaread

 

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The Unwinding by George Packer is an account of the decline of American institutions since 1978. The traditional pillars of American middle-class democracy—government,

• Language: English
• Publisher: Instaread, Inc
• Release date: Feb 19, 2019
• ISBN: 9781683786627

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Overview

The Unwinding by George Packer is an account of the decline of American institutions since 1978. The traditional pillars of American middle-class democracy—government, schools, churches, and the media—have eroded. The American Dream has persisted, but it is no longer attainable through adherence to traditional values like hard work, education, and determination. As the old norms and structures collapsed, organized money filled the vacancy. Big American corporations and banks, bolstered by deregulation at home and a new global capitalist economy abroad, began to wield unprecedented influence over government and the economy. This period of American history can be considered the unwinding.

With the unwinding came new freedoms and opportunities for people working in the financial and lobbying industries, and for some entrepreneurs. In the 1980s, as organized money flooded Washington, the corporate lobby became an institution blurring the line between business and government. Additionally, with the rise of the internet in the 1990s, the tech industry rapidly expanded.

As the banking, lobbying, and technology industries grew, the old industrial economy of the heartland began to decline. Industries like steel, textiles, and tobacco faded. Crucially, the government opted not to play a role in helping to manage deindustrialization. As a result, working- and middle-class factory workers and farmers lost their jobs and their way of life. Eventually, the disenfranchisement and disillusionment of the working and middle classes led