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.
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About the Author
David Smick is a financial market consultant and a nonfiction author. He is the chairman and CEO of Johnson Smick International, an advisory firm in Washington, D.C and the publisher and the founding editor of the quarterly magazine International Economy. He also published widely, including in the New York Times, the Wall Street Journal and the Washington Post.
Table of Contents
1 Growth Is (Almost) Everything 1
2 The Illusion of Certainty 29
3 The Economy's Turbocharger 57
4 Top-Down Frustration in a Bottom-Up World 83
5 The Worlds Greatest Wager 113
6 It's Nobody's Century (or Maybe Everybody's) 135
7 Americans Are Fighters 157
8 A Nation of Dreamers and Discoverers 179
A Word on Sources 203
Most Helpful Customer Reviews
A highly uplifting book for those who have recognized the malaise of the last couple of decades, but failed to perceive the cause: an entitlement mindset among a growing segment of the population. The older generation (my generation) enabled this mindset by failing to challenge our children, who in turn allowed their children to progressively wither. Mr. Smick offers many suggestions to reverse this trend, and champions the results that might be expected to accrue to those who get on board. I'm betting that following his prescriptions will produce a tsunami of change and a renaissance in innovation and productivity that will amaze and benefit us all. But we cannot leave this to others. We must truly internalize the truth that "if it's to be, it's got to be me...".