The Age of Oversupply: Overcoming the Greatest Challenge to the Global Economy

Why Western capitalism is broken and how the U.S. can recover its global economic leadership status

The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory?

Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply. A global labor glut, a flood of excess productive ...