“A writer’s notebook is not a diary. Writers react. Writers need a place to record these reactions. That’s what a writer’s notebook is for. It gives you a place to write down what makes you angry or sad or amazed, to write down what you noticed and don’t want to forget. A writer’s notebook gives you a place to live like a writer.” - Ralph Fletcher
Richard D Wolff & Stephen A. Resnick, Contending Economic Theories: Neoclassical, Keynesian, and Marxian (Page 27). MIT Press.
Globalization and the technology revolution are increasing productivity and prosperity. But those rewards are unevenly shared—they are going to the people at the top in the United States, and enriching emerging economies over all. But the American middle class is losing out.
It may seem surprising that it takes a Nobel laureate and sheaves of economic data to reach this conclusion. But the analysis and its provenance matter, because this basic truth about how the world economy is working today is being ignored by most of the politicians in the United States and denied by many of its leading businesspeople.
(Source: The New York Times)
Professor Richard D. Wolff