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Towards a New Economy and a New Politics

September 6, 2010 • United States, Daily Email Recap

Thanks to Ed Lytwak for this article by Gus Speth.
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If America’s present system of political economy were performing well, there would be little need to question it or seek fundamental change. But that is not the case. Asked what the key goals of economic life should be, many would reply, “to enhance social well-being while sustaining democratic prospects and environmental quality.” Judged by this standard, today’s political economy is failing. It is a failure that reaches many spheres of national life–economic, social, political, and environmental. Indeed, America can be said to be in crisis in each of these four areas.1, 2

The economic crisis of the Great Recession brought on by Wall Street financial excesses has stripped tens of millions of middle class Americans of their jobs, homes, and retirement assets and plunged many into poverty and despair.

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