Over the past several years, Black Friday has become more important for some than Thanksgiving. Commercial interests and retailers have appropriated and transformed this once sleepy day after Thanksgiving into 24 hours of shopping gone wild.
What America needs is empowered citizens. We need more jobs; we need to pay the hardworking employees a fair wage. We need enough income flowing that adequately rewards the value workers create to help better educate all our children.
Convinced that excessive inequality is unjust and has bad consequences on social cohesion, political participation, and economic growth, Atkinson is intent on stimulating a national conversation about the distribution of income.
Americans face a genuine dilemma. If they are truly committed to equality of opportunity, then they will have to demand vigorous measures to reduce the drastic levels of inequality that now divide the nation.
At the Aspen Leadership Action Forum, where I am joining leading figures from around the world to pledge action on the problems of poverty, access to health care, education, etc., there is much talk about making sure philanthropy is effective.
Scarce federal resources must go to the community development organizations that are strengthening the rungs on the ladders of opportunity and will use those resources to help the people you want to help right now.
Money is the blood of the economic body and all its members need a life-giving supply. If the head hoards too much the limbs shrivel and the heart eventually stops. In a 15 trillion dollar economy, there is enough blood to support the entire body, but only if it flows freely.