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American Gridlock

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Due to an alleged breakdown of capitalism, the U.S. is in perilous shape. Given the long-term retrenchment of consumers, there is little likelihood of a return to strong economic growth. Meanwhile, the U.S. fiscal deficit is at a record 12% of GDP, and will likely remain high for decades. Newscasters and pundits alike are asking whether the U.S. could become a banana republic and everyday citizens are concerned that politicians are more interested in getting elected than offering genuine solutions. In Capitalism 2.0 economist Woody Brock attempts to bridge the Left/Right divide and provide a path out of our economic quagmire. It is not a question of free market capitalism versus a government controlled economy, Brock writes. Rather it is a question of enacting policies to generate economic growth to reduce our debt-to-GDP ratio and to reform our political system to prevent politicians from mortgaging our future by promising benefits that we can no longer afford. Fundamentally,


UpplÀsare: Maurice England
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