The world doesn't need to stop growing in order to avoid inequality and protect the planet. Rather, smart policy choices can mean that more people can reap the benefits of growth, and for the long run.
Trickle-down economics has been tried, the president recently said, and it "has never worked." Is he right? Or is this just more political blather? To see, we need to go back to basics, back to Reaganomics.
I applaud the president for making the case against regressive tax cuts as the lodestar of economic policy. We cannot afford to double down on the failed, plutocratic pipe dream that is trickle down economics.
Like Wall Street over the past decade, we politically (and perhaps socially) have gone about creating intellectual monocultures, which may do one or two things surpassingly well, but which may prove exceedingly vulnerable.
Age of Greed is clumsily-written and repetitious. It does not pay sufficient attention to structural problems and global challenges to America's economy. Nor does it provide clearly delineated alternatives to the misguided policies of the past.
I am an American, an aging American Baby Boomer. I was born in 1946, following the end of WWII. That was a tenuous time in American history, not unlike the present in the degree of challenges facing this country.
In response to critics who have said that Mr. Obama's decision to extend the tax cuts represents a change in his position, a spokesman for multi-billionaires replied, "If I may coin a phrase, that's change I can believe in."
John Wells' The Company Men is a solid if predictable story of the lives of the suddenly unemployed. If you've invested your time and identity into your job, who are you when that job is taken away from you?