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Saving Capitalism: Keeping America Strong (Vintage Originals)by Pat Choate
Synopses & Reviews
When the U.S. financial structure collapsed in fall 2008, it quickly became clear that our system of market capitalism was broken, endangered by decades of absolutist market dogma, shortsighted policies, and the abandonment of America's working people. Now, as the Obama administration seeks to repair the country's economy, one thing is clear: this crisis calls for drastic reforms. Regrettably, the government's response, so far, has been inadequate.
In Saving Capitalism, economist and bestselling author Pat Choate offers six game-changing actions that can strengthen the U.S. economy now and stimulate long-term, self-sustaining, noninflationary economic growth that will create millions of better jobs. Here are proposals for:
• Major tax reform
• All-encompassing financial regulation
• A strong social safety net
• A major infrastructure program
• Ways and means to balance U.S. trade with the rest of the world
• The renewal of national innovation
Urgent and provocative, Saving Capitalism is an accessible and informative dissection of the gravest threat our economy has faced since the Great Depression, and a bold and creative blueprint for the future.
In this urgent dissection of the U.S. financial system, a well-known economist and bestselling writer demonstrates the true gravity of the current crisis and forcefully argues for bold action to repair a capitalist system in desperate need of reform.
A VINTAGE ORIGINAL
In this urgent dissection of the U.S. financial system, well-known economist and bestselling writer Pat Choate demonstrates the true gravityof our currentcrisisand forcefully argues for bold action to repair a capitalist systemin desperate need of reform.
A long-time critic of the free-market absolutism that brought about the current financial crisis, Choate puts forward new solutions designed not only help the United States recover as quickly as possible, but also to strengthen the countryand our capitalist systemfor decades to come. He identifies necessary reforms to our financial regulations, describes why the U.S. needs to make a comprehensive overhaul of its tax system (from direct tax to a simplified value-added tax), advocates changes to global trade rules and practices that have unfairly affected American workers and communities, and calls for a vigorous reinvestment in the “human capital” of America through portable pensions, more affordable health care, and better education.
About the Author
PAT CHOATE is a political economist, policy analyst, and the author of the books Dangerous Business, Agents of Influence, Hot Property, The High-Flex Society, America in Ruins, and, with Ross Perot, of Save Your Job, Save Our Country. A new book, Preparing for War, is forthcoming from Knopf. In 1996, he was Ross Perot's vice presidential running mate. He lives with his wife outside Washington, D.C.
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