Peter Gosselin's HIGH WIRE reviewed in the LA Times

'High Wire' by Peter Gosselin
American families struggle to make ends meet in a world of globalization, mortgage meltdowns and ever-soaring fuel prices.

By Chris Hedges
June 29, 2008

High Wire: The Precarious Financial Lives of American Families
Peter Gosselin, Basic Books: 374 pp., $26.95

In his book "High Wire: The Precarious Financial Lives of American Families," Peter Gosselin writes movingly of the personal wreckage endured by many Americans in today's volatile economy. Gosselin, the Los Angeles Times' national economics correspondent, chronicles in detail the emotional, physical and economic devastation caused by outsourced jobs and insurance companies that rescind coverage to the seriously ill, as well as the roller-coaster fortunes of U.S. workers competing in the global marketplace.

Gosselin paints a portrait of an America where citizens suffer profound dislocations because of vanishing safety nets and can expect to be discarded by corporations without comparable job prospects or benefits. The human cost, which he adroitly conveys, is heartbreaking. It is also, as he notes, widespread. He illustrates wild income swings that have left the poor, the middle class and even formerly well-do-do families suddenly struggling to survive. These dramatic plunges from lost jobs have now "reached into the majority of working American households."

The relentless efforts of corporations to maximize profit has a human cost. For example, when Rebecca J. Rowlands was diagnosed with cancer, her insurance company, Blue Shield of California, promptly cut off her benefits in a process known as "post-claims underwriting," or "rescissions." Rowlands, her health deteriorating, fought back and won a settlement. But during that legal fight, as Gosselin notes, her chemotherapy was delayed for a prolonged period, saddling her with "increasingly severe medical problems" that are likely to leave her with "a six-figure medical debt."

"High Wire" is filled with such tales: of people crushed by credit card debt, mortgages they should never have been granted, predatory lenders, as well as sudden and catastrophic unemployment caused by "outsourcing."

Chris Hedges is the author of "American Fascists: The Christian Right and the War on America" and, most recently, "I Don't Believe in Atheists."

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