Book Review: Deaths of Despair and the Future of Capitalism
By Ann Case and Angus Deaton. The authors start with a puzzle: after many years of declining mortality rates, White Americans in midlife have seen a significant increases in mortality rates in recent decades. This trend is not seen in other rich countries, though there are bits of it in the UK and especially in Scotland. A closer look shows that this increase in mortality is almost entirely confined to those without four year college degrees. The increase in mortality is not the only sign of social dysfunction seen in this group. Rates of marriage, home ownership, voting and church membership have decreased, while out of wedlock births and damaged families have sharply increased, to name just a few of the many indicators cataloged by the authors. So what is killing the members of this group? The major role is played by what the authors call deaths of despair: suicide, drug overdoses, and alcoholism. The drug overdoses in particular were promoted by a ...