Won’t the recession be over within a year and everything be back to normal?
The economy has suffered a system failure and needs to be transformed into a new and hopefully sustainable economic system. The forces of Wall Street, however, and the politicians, media and think tanks that serve them (and who got us into this mess) want to quickly bring back the old system. They want to restore the bubble economy and start funneling wealth to the top one percent again. They hope to goose the system with taxpayer dollars and extract more phantom wealth for themselves and a small elite. The challenge is to make sure a replay of the events that led to the current crash never reoccur by reengineering the economy to ensure broader prosperity and ecological sustainability. Sarah Anderson and Chuck Collins of the Institute for Policy Studies (IPS) are also members of the New Economy Working Group, an initiative to stimulate bold thinking about a New Economy that serves the long-term needs of all our children, families, communities, and natural systems. IPS is also helping t
