An Economy in Deep Trouble
An Economy in Deep Trouble
The direction of Robert Heilbroner’s “An Economy in Deep Trouble (Dissent, Fall 1992) is the need for “transformational growth,” to be achieved by a major public-works program and improved education, including a comprehensive apprenticeship system. The problem he sees is in “persuading the American public…and the elites…that a vigorous public sector is a legitimate part of modern capitalism.”
His prescription, it seems to me, does not adequately answer the problem. Consider this scenario: a class of newly hatched apprentices in various skilled trades emerges from the program, certificates in hand, looking forward to useful employment in industries producing cars, aircraft, air...
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