Can American Capitalism Survive?

I hope every Democratic candidate has read this book. It's essentially an economic analysis of all that ails our culture. Since the titans of our economic system now own our political system, the two systems are now one.

The author articulates 3 ideas about our economy that were born during the economic stagnation of the 1970's

1. The government was significantly responsible for the decline of American competitiveness.
2. The sole purpose of every business is to deliver the highest possible financial return to its investors,
3. No matter how unfair it might seem to cut taxes for the wealthy, no matter how ruthless a company might have to be in its dealings with workers and consumers, no matter how unequal the distribution of income and wealth might become, we must ignore and dismiss such moral concerns as naive and ultimately self-defeating.

There are many charts and footnotes citing economists, sociologists, psychologists, and government statistics that prove these ideas have led to massive income inequality which is ultimately going to kill economic growth and a destruction of social capital -- a fancy way to quantify good will and trust between humans of a culture.

He offers many excellent suggestions for ways to save ourselves .. It is possible Elizabeth Warren has already read the book -- In fact, I would not be surprised if some of her academic work can be found in the footnotes. She is the one candidate who seems to understand the ways in which our supply side economic policies have benefitted very few and hurt very many.

In summary, it turns out greed is not good.