The Republicans say that the key to a strong economy is money in the hands of rich investors. The Democrats say that we must redistribute money from the rich to entitlement programs for the poor and middle class. According to the author, neither model is adequate to the economy of the 1990s and beyond—a world economy in which the true sources of national wealth are the accrued skills of the work force and the quality of the social and material infrastructure supporting them
What’s good for America’s largest firms is not necessarily good for America. This inversion of an old dictum captures one of the new economic realities of our time
In the emerging debate about how to restore America’s technological pre-eminence we are misconstruing the problem and advancing the wrong solutions
The old liberal public philosophy no longer compels widespread belief ,but its conservative successor is at odds with the new realities of the world economy
The economy hasn’t been brought to its knees by government deficits , excessive regulation, inadequate investment , or greedy labor unions. The problem lies in the very structure of American industry.