This was a highly educational look at US history. I was disheartened to learn that it's not just a recent thing that this country favors corporations over workers, but I feel like I have a much better understanding of how labor in the US got to be the way it is. Cowie's overarching point is that the New Deal was not a milestone in a progressive path toward a better country for all; it was the highly contingent result of an unusual combination of circumstances, and it went against the grain of many American tendencies, which have since resurfaced.
I particularly enjoyed the earlier sections of the book, which covered the first Gilded Age, the Progressive era early in the 20th century, and the Great Depression, and with the parts about the New Deal legislation itself. I'm familiar from personal experience with the way the New Deal order has unraveled since the 1970s, so those parts were interesting but not as novel to me (although it was enlightening to see them as part of a broader pattern; it can be hard to put things in context appropriately while they're happening or even immediately afterward).
Cowie explains how six factors aligned to make the New Deal possible (for example, tensions over immigration were largely muted by the Immigration Act of 1924, making the workforce more cohesive, and the Great Depression was severe enough that the concept of American individualism was somewhat less influential than it usually is).
He also points out that even with those factors in place, the New Deal was limited. I heard him give a talk in November of 2015, just before the book was published, and I remember him pointing out that the New Deal was great mostly for the white, male, industrial workforce—not so much for everyone else. I'm embarrassed that I never really thought about that before. (The price of getting Southern politicians on board was basically leaving Jim Crow untouched, for example.)
The limitations of the New Deal, among other things, underscore Cowie's point that we can't look back to the New Deal as a shining exemplar or as a model for going forward. It may be our finest behavior as a nation in many ways, but to me that seems to be almost as much condemnation as praise (why has it been so bad the rest of the time? and is that the best we can do?), and that world is not very much like the world we're working within now.
Cowie says at the end of the book, after I was pretty thoroughly demoralized by realizing more clearly what my country is like, that he wrote the book not as an exercise in cynicism but as a way to give people a clearer look at what they're up against and to stir the imagination to find a way to bridge the gap between American individualism and the need for collective action in the face of great inequality and indifference on the part of the powerful. He suggests looking maybe to the Progressive era of the early 20th century, as flawed as it was, rather than to the New Deal itself. In my notes from his talk, I see that he suggested that progress might lie in solutions outside of federal policy and traditional labor unions (I hope this paraphrase from my notes represents him adequately), for example, municipal minimum wage campaigns, worker centers, and consumer boycotts. I can't say I'm optimistic, but I am mildly reassured that someone who has spent so much time examining these questions seems to think there's a way forward.