Saturday, March 11, 2006

What seems clear is that the US, which grew more rapidly than other nations for most of its history, came to depend on such growth to solve its social problems in ways other nations did not….If American family incomes do not continue to grow, it may become increasingly difficult to mobilize broad support for a government committed to social equity and public investment.

Jeff Madrick, “The Way to a Fair Deal,” NYRB (January 12, 2006)