The Great Equalizer: How Main Street Capitalism Can Create an Economy for Everyone
The experts say that America's best days are behind us, that mediocre long-term economic growth is baked in the cake, and that politically, socially, and racially, the United States will continue to tear itself apart. But David Smick-hedge fund strategist and author of the 2008 bestseller The World Is Curved-argues that the experts are wrong. In recent decades, a Corporate Capitalism of top down mismanagement and backroom deal-making has smothered America's innovative spirit. Policy now favors the big, the corporate, and the status quo at the expense of the small, the inventive, and the entrepreneurial. The result is that working and middle class Americans have seen their incomes flat-lining and their American Dreams slipping away. In response, Smick calls for the great equalizer, a Main Street Capitalism of mass small-business startups and bottom-up innovation, all unfolding on a level playing field. Introducing a fourteen-point plan of bipartisan reforms for unleashing America's creativity and confidence, his forward-thinking book describes a new climate of dynamism where every man and woman is a potential entrepreneur-especially those at the bottom rungs of the economic ladder. Ultimately, Smick argues, economies are more than statistical measurements of supply and demand, economic output, and rates of return. Economies are people-their hopes, fears, dreams, and expectations. The Great Equalizer is a call for a set of new paradigms that inspire and empower average American people to reimagine and reboot their economy. It is a manifesto asserting that, with a new kind of economic policy, America's best days lie ahead.
David Smick's analytical insights are always worthwhile reading. Alan Greenspan, former Chairman of the Federal Reserve Board of Governors Smick describes a bold vision with specific, actionable recommendations. His ideas written in an easy-to-understand, engaging style are light years beyond anything advocated during the long election season. A must read with any highly innovative policy framework. Jeffrey E. Garten, Yale School of Management The next U.S. President should thank David Smick for The Great Equalizer. It offers a prescription for how an American leader can succeed in a time of divided government. Having lived the American Dream, Smick has a clear-sighted view of what is best about America. His optimistic attitude, his big heart and personal experience in finance and politics offers a unique window into what ails America and what can be done about it. Specifically, his legislative experience allows him to see how Congressional deals can actually happen deals in which each side gets some of what it wants and the American people get what they want: action not stalemate; progress not paralysis. Bill Bradley, former U.S. Senator David Smick's probing insights on the global economy stem from an extraordinary vantage point few observers can match. George Soros"
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