John Naughton writes:
As you may remember, I’ve been impressed by Brad DeLong’s book, Slouching Towards Utopia and have been tracking the reviews via his blog. When I enthuse about the book to people they often ask for a thumbnail description (something like an elevator pitch, I suppose) and I struggle to come up with something compact and succinct. So I was pleased to discover yesterday that Brad now has one, courtesy of Robert Reich (who, if memory serves me right, was Secretary for Labor in Bill Clinton’s administration. Anyway, here it is:
My thumbnail description—which Bob Reich suggested to me—is that, while we have made extraordinary progress at figuring out how to bake a sufficiently large economic pie so that, potentially, everyone can have enough, the problems of slicing and tasting that economic pie have completely flummoxed us. Thus while we are rich and powerful beyond the wildest dreams of avarice of previous centuries, that is all. We can neither equitably distribute our wealth nor properly utilize it to live wisely and well, so that people feel safe and secure, and live lives in which they are healthy and happy. To say “have not been distributed particularly evenly” and “our desires have grown” catches only half of it. Distribution has not been inept, but has been positively poisonous. And utilization has fallen vastly short not just because of our rising expectations: people 200 years ago would also have hoped along with us for a world in which they were not stalked by flying killer robots, and in which sinister people in steel and glass towers did not attempt to hypnotize them via dopamine loops to glue their eyes to screens in terror so they could be sold fake diabetes cures and crypto grifts.
That’ll do nicely. (JN)