When More Is Not Better
When More Is Not Better American democratic capitalism is in danger. The combination of democratically elected governments and a capitalist system worked, with ever-increasing levels of efficiency,…
Specifikacia When More Is Not Better
When More Is Not Better
American democratic capitalism is in danger. 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. How can we save it?For its first 200 years, the American economy exhibited truly impressive performance.
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. By the nation's bicentenary in 1976, the American economy was the envy of the world.But since then, outcomes have changed dramatically. 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,