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The Zero-Sum Solution: Building a World-Class American Economy PDF

407 Pages·1985·13.456 MB·English
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·*•---·­· .. * * * • * * * * * * **** ,t ** * ** * ** * ** · -. -­ ** * * ** *******•*•*-·. --­ • .• � ' A •• , $18.95 In19 8i0hn,i l sa ndkmb oaork The Zero­ ecnoomiLsetsC t.Te hru ­ Sum Society, robwo ladselsryt tehAdam te riicnoar ,­ detros l ovaes t eo fs turcutarlp rbloesm (suacsshl p oorwd uvcitgtiryo wwtohu)l,d hatvaoecc ettp hfecat th laotes mssu sbte dsitrtietbdoau n edn ddub rype loitically poweurilfne trgersotsHu .ip psia fnlub ut persctriiwopanns o bte elvied promising byt hRee agAadmni naitsitworhnoe,s poleispco ridcuewdh aitasw earke cov­ erbyy1 98a5nt dr addeefi ctihtaasrt e expteetcdto o $p10 b5 lili"oAmne.r iisc a pulngiinndtgeo ab attr aett hmaakte tsh e Brazoiftl hswe o rslede pmo sitively purdebnyct o mparTihsouowrnh ,a"s wirtt"eAtnth. ee n odf1 98t2hU,en ited Stahtaendse f to raesiesgtonsf$ 14b7il ­ li.So onmetiAinp mre1i 9l8i b5te, c aam e nedte bnttaoirfo ontr hfi esr tti smieen c WorWladIr E. ar liy n1 98i6wt,li p la ss Bratzobic elo mtehw eo drs'll agrensett deb.'tG' oirvtehnet,nh t,ah t'e ' pas'i' nles prsecrihpatnsiow oton er dkw,h saohtu ld bed oen?W hyi snA'metr iflcolawo ing thaed vtihciaegtt i sveoes a stioolt yh ers? psoetdh qeu es­ The Zero-Sum Society tioannsd pr­o The Zero-Sum Solution vidtehsae nw sers. PorfeTshsuorrto ewul shl os,wh aving loosutpr r eveiffoourset cnlooemssisuc ­ preioyar nifdta caiw nogrm ladr fiklelte d witcho mpepteeirtwsie,vm eu scto pe wtiht hnee wr ealaintndio retes t reat frotmh em. deschroiwb es The Zero-Sum Solution tob ritnhqgeu ayna tniqdtu iaytol cfa p­ ituaptl ow or-llacdssst adnsdh,ao rtwo ahcietvhece o eorpatoiflo anb aonrd maneamgewnhta,et ff owremt u scto m­ mitto r escehaa nrdde lvoepnmtae,n d whacto ntritbhguevot eimroennnm tu st makteto h oev eerffaolWrlemt u.sb itrn g impoarnetdxs p oirnbttasol awntichae (continued on back flap) ALSO BY LESTER C. THUROW Poverty and Discrimination Investment in Human Capital The Impact of Taxes on the A1nerican Economy The Economic Problem (with Robert L. Heilbroner) Generating Inequality: The Distributional Mechanisms of the Economy The Zero-Sum Society: Distribution and the Possibilities for Economic Change Five Economic Challenges (with Robert L. Heilbroner) Economics Explained (with Robert L. Heilbroner) Dangerous Currents: The State of Economics The Management Challenge: fapanese Views LesCt.eT rhu row BuialW doirnldg- Class AmerEiccoanno my SIMON AND SCHUSTER NEW YORK Copyright© 1985 by Lester C. Thurow All rights reserved including the right of reproduction in whole or in part in any form Published by Simon and Schuster A Division of Simon & Schuster, Inc. Simon & Schuster Building Rockefeller Center 1230 Avenue of the Americas New York, New York 10020 SIMON AND SCHUSTER and colophon are registered trademarks of Simon & Schuster, Inc. Designed by Eve Kirch Manufactured in the United States of America 10 9 8 7 6 5 4 3 2 1 Library of Congress Cataloging in Publication Data Th urow, Lester C. The zero-sum solution. Includes bibliographical references and index. 1. United States-Economic conditions-1981- 2. United States-Economic policy-1981- 1. Title. HC106.8.T5 1985 338.973 85-14480 ISBN: 0-671-55232-5 ACKNOWLEDGMENTS This book benefited from 1nany conversations with my colleagues at MIT. Various arguments were shaped on the basis of presentations to a wide variety of groups. But perhaps most of all I should thank my secretary, Mary Lane, for putting up with me during the process of writing it. OTTO ECKSTEIN A Great Teacher, A Good Friend, A Super Human Being PREFACE In1 97Iw9 r oatb eo otkh waates n tiTthe lZeerod-Su m Society when iwta psu bliisn1h 9e8dA0 tt. h cee nwtaetsrh teh etshiAasmt e rica facaes deo tfs trucptruorbalsleu mcashss, l opwr oducgtriovwitthy, whossoel utrieoqnutsih rsaeitdg nieficcoannoltmo iscbs ede iss trib­ utetdop olitpiocwaelirlnfytu elgr reosuItpa sr.g utehdAa mte ricans woubledb etotfeifrnt hleo nrgui nsf o lutweirofeno su nbdut,th at signigfircoauonpfAts m eriwcoaunblsedw orosfeif nt hseh orrutn . Imfo rien vesitnmp elnaatnn ted q uipwmaepsna tor ftt hseo lution tot hper oducptriovbilAtemyme ,r iwcoaunhlsad v teoc onsulmees s top ermmiotri en vestTmheonwsthe.ow oubledf ortcoec do nsume lewsosu hladv ale o wsetra nodfla irvdai nnmdgi gfihgtha tt tetmop ts impolsoesu speostn h em. Thleo sismepso uspeodAn m eribcyea fnfsto osr otlstv heep irro b­ lemwso ubleda tl eaas,stl aarstg hebe e negfiatisfn oesrdo msei gnifi­ canpte roifot di me-htehnteci eTth el Zeer o-Sum Society. America muspta tshsr oauz gehr o-ssoucmit eort eys teocroen opmriocs perity. Thabto opkr ovotkwerode actMiyou nnsf.r icernidatlriygc use d thattht eh ewsaiwssr onTgh.eA meripcraonb wlaetsmo mou ch governGmeegtno tv.e rnomueotnft t he ec onoamnoydf tfh bea cks oft hpee oapnltdeh eec onowmoyup ladi nlreisgishtltsy e lf. Myf riecnrdilatygi rcewsei dtt hht eh ebsuittsh outghhaItht a d 11

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