Monday 9 November, 5.00pm until 6.30pm, Barnes & Noble, Lincoln Triangle Branch, Broadway and 66th Street, New York
Venue: Barnes & Noble, Lincoln Triangle Branch, Broadway and 66th Street, New York
The run up to the US Presidential Elections last year seemed to buck the trend of entrenched cynicism and apathy that had come to characterise contemporary politics. Barack Obama’s rallies were often more like pop concerts or festivals, and many young people were mobilised to vote. Beyond broad generalities such as ‘hope’ and ‘change’, however, critics noted that specific political ideas and broader party principles seemed to be absent. Now we are in the midst of a severe recession: financial institutions and flagship businesses like GM are in crisis and jobs are being lost. So can President Obama deliver on his promise and deliver the change necessary for America to recover?
The global political climate has changed dramatically in recent years. The traditional debates between right and left, capitalism and communism – the interplay of which shaped the thinking of economic thinkers like Milton Friedman and John Maynard Keynes – lack salience today. So what ideological resources, if any, does Obama have to draw on? It often appears few politicians and commentators even understand what has happened and why – let alone how to resolve the problem. Many have sought to blame ‘greedy bankers’ or ‘greedy consumers’ and neglectful regulators – but is this a case of scapegoating rather than serious analyis? Western economies have become increasingly dependent on credit rather than production. So will attempting to kick-start these economies with a stimulus bill that is predicated on more credit creation get to the heart of the problem? Or do we need a more comprehensive, honest debate about the fundamentals of the economy, what is and isn’t working, and what has changed? Given all the failed experiments of the past, is there no alternative to how things are? Can citizens make a difference to these complex issues?
With thanks to our publishers, Random House and Palgrave Macmillan:
economics columnist, Time magazine; lead author, Curious Capitalist blog. Time.com; author, The Myth of the Rational Market
management consultant; founding member, NY Salon; writer on economics and business
|Robert J Samuelson|
columnist, Newsweek and Washington Post; author, The Great Inflation and Its Aftermath: the past and future of American affluence
economic historian; columnist, Forbes.com; author, The New American Economy: The Failure of Reaganomics and a New Way Forward.
chairman, Night Time Industries Association (NTIA)