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A market economy is the only mechanism that can create jobs,
distribute wealth, spur economic growth, and stabilize the economy
for all. However, the current American market economy is not
working - it is helping the "1%" instead of distributing wealth and
yet simultaneously convincing the "99%" that this market is the
only way to create jobs. The current unchecked system allows those
wealthy few to "steal the American dream," as Hedrick Smith
claimed. In order for the United States to grow the economy, the
current system must first be modified to level the playing field,
and then must be used to develop the market system's originally
intended purpose: improving the quality of life for all.
Dwindling innovation and deteriorating economic conditions are caused by a major force, a systemic shift in the American economy. In this gripping book, Dr. Samli makes the case that the US economy is shifting for the worse, tilting towards a finance-driven economy, and argues that investing in innovation will bring us out of the recession and back to a successful, market-driven economy. While the US is cost-cutting by sending jobs abroad, reducing education budgets, and redirecting government funds to military involvement, American innovation has been suffering and stifled. Dr. Samli explores the roots of the recession from this viewpoint and offers an 'innovative' solution for disciplining economic, political, and social activities to come out of the recession and restore the tilt towards the 99-percent.
In this follow up to From a Market Economy to a Finance Economy, Samli reflects on his more than half a century of economic experience and research, maintaining that financiers, the government and many decision makers in both politics and the economy, do not really the 'free market.
In this gripping book, Dr. Samli makes the case that the US economy is shifting for the worse, tilting towards a finance-driven economy, and argues that investing in innovation will bring us out of the recession and back to a successful, market-driven economy.
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