The curse of consumerism
The American economy is off-track -- creeping along on mistaken beliefs: that free trade and gobalization are always good, that the market is always right and government regulation always wrong and that consumption rather than production should power growth. Clyde Prestowitz, former trade negotiator in the Reagan administration and founder of the Economic Strategy Institute, explores how the United States went off the rails and how to right it again in ?The Betrayal of American Prosperity: Free Market Delusions, America?s Decline, and How We Must Compete in the Post-Dollar Era,? published by Free Press. Here he takes aim at the mantra of consumerism.
Click Here to read the the post in the Washington Post.