Book excerpt: Offers a radical yet down-to-earth explanation of recent economic trends and solutions in understandable language, drawing on statistics to chart the disastrous economic and social consequences of the Reagan and Bush years and to document Bill Clinton's failure to reverse the decline in living standards of most Americans. Examines how the economy operates, focusing on the concentration of power in the biggest corporations and banks, and discusses classism, labor, the social democracy, and taxing the rich. Includes humorous illustrations by Steve Brodner, whose work appears in The New Yorker, Rolling Stone, and The Nation. For general readers. Annotation copyrighted by Book News, Inc., Portland, OR