European Journal of Economics and Economic Policies: Intervention

Forum: The American Economic Problem

James K. Galbraith


First paragraph

At present writing in early 2004, nearly nine million Americans remain unemployed. Millions more are underemployed, and most of all, underpaid. Forty-four million lack health insurance. Our schools, colleges, universities, roads, water systems, power lines are in decay – and the funds required to repair and expand them are being cut. Not least, we are in a war with no end in sight. That is our economic problem.

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