A Capitalism for the People: Recapturing the Lost Genius of American Prosperity

The financial crisis of 2008, and the Great Recession that followed, had a similar effect on the home front. The guilty parties were elites—bankers, traders, regulators, and policymakers. Alan Greenspan, the Federal Reserve chairman and an Ayn Rand fan, admitted that the crisis undermined his faith in the narrative of Free America. But those who di

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The new economic crisis flows from the very success of the Reagan cycle, which generated a great deal of wealth but distributed it in the end, as it did in the beginning, with a focus on increasing money for investment. But as with all cycles, the problem solved in the current cycle generates the problem to solve in the next. The social problem tha

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Beginning with the New Deal and extending through the first three decades after World War II, the federal government created centers of economic power that offset the power of the giant corporations and Wall Street.

Unions pushed for and won legislation in 1935 that legitimized collective bargaining, and then, in subsequent decades, built economic ... See more