A passionate, articulate argument detailing how the United
States political system has failed to adapt to the economic
challenges of the late 20th and early 21st centuries.
The American economy is in peril. It has fallen hostage to
a casino of financial speculation, creating instability as
well as inequality. Tens of millions of workers are
vulnerable to layoffs and outsourcing, health care and
retirement burdens are increasingly being shifted from
employers to individuals. Here Kuttner debunks alarmist
claims about supposed economic hazards and exposes the
genuine dangers: hedge funds and private equity run amok,
sub-prime lenders, Wall Street middlemen, and America's
dependence on foreign central banks. He then outlines a
persuasive, bold alternative, a new model of managed
capitalism that can deliver security and opportunity, and
rekindle democracy as we know it.
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