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Failure by DesignThe Story behind America's Broken Economy$
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Josh Bivens

Print publication date: 2011

Print ISBN-13: 9780801450150

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801450150.001.0001

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Where to from Here?

Where to from Here?

Chapter:
(p.93) Where to from Here? (p.94)
Source:
Failure by Design
Author(s):

Josh Bivens

Lawrence Mishel

Publisher:
Cornell University Press
DOI:10.7591/cornell/9780801450150.003.0006

This concluding chapter offers some solutions that can ensure the slow (but assured) recovery of the American economy. It argues that today's policy-making elite are severely underestimating the fallout in the economy post-Recession—many feel that the economy is indeed on its way to recovery, despite statistical forecasts indicating otherwise. Furthermore, the chapter laments that politics and ideology lie in the way of implementing clear economic remedies; as is usually the case, in a contest between good economics and bad politics, politics seems to win every time. Policy changes have to be made that entail affirmative choices which would take the economy in a different direction, in order to tip the balance of economic power away from the privileged few and back toward everybody else.

Keywords:   economic remedies, policy changes, American economy, economic recovery, politics, economic power

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