The Economic Crisis in America
In almost all respects ... American economic and social policies show a perverse tendency to favor groups that are above the level of the most needy.
To describe the American economy as being in a state of crisis may seem an exaggeration, especially when it is compared to the economic performance of many third world countries. However, by our own standards, and those of other Western industrialized nations, the American economy has clearly been performing inadequately for a long time. The signs are numerous: high rates of poverty, unemployment, subemployment, and inflation; an inadequate economic growth rate; and a decline in American trade shares in the World Market. As noted in Chapter 1, America has performed much worse economically than many of the Western European nations (not to mention Japan) over the last twenty years. The nation's economic problems have been serious enough to deny two presidents in a row a second term in office.
As far as poverty is concerned, one of the nation's worst prob