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When More Is Not Better

American democratic capitalism is in danger. How can we save it?For its first 200 years, the American economy exhibited truly impressive performance. The combination of democratically elected…

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Specifikacia When More Is Not Better


American democratic capitalism is in danger. How can we save it?For its first 200 years, the American economy exhibited truly impressive performance. The combination of democratically elected governments and a capitalist system worked, with ever-increasing levels of efficiency, spurred by division of labor, international trade, and scientific management of companies. By the nation's bicentenary in 1976, the American economy was the envy of the world.But since then, outcomes have changed dramatically. Growth in the economic prosperity of the average American family has slowed to a crawl, while the wealth of the richest Americans has grown to a level never seen before. This imbalance threatens the American democratic capitalist system, which only works when the average family benefits enough to keep voting for it.In this bracing yet constructive book,

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