The economic environment of the United States of America lies with the civilization that swept the country in the past years. There are many revolutions that are seen in the world. This book review will summarize/review the book by Sachs Jeffrey (Sachs, 2012). The book is divided into two parts.
In this chapter, the author talks about the cause of the problems that face America today. There is a narrative about the cause of the problems that have been caused over time in America. The author tries to link the problems to the different regimes. The author states that the problems that are faced in America today are because of what has been happening from the past regimes. The Obama administration cannot be blamed on the problems that are seen in the world today. There is also the mention of the role that America political has played in this process. It has failed in its mandate to solve the problems that are faced by the country.
In this chapter, the author tries to mention the issues that are faced in the country today. The author mentions about the property that has been lost in America because of the past mistakes that was experienced in the various regimes. The government is blamed for all the problems that are faced in the country today. The Federal government has failed to take the role it has to correct the economic crisis that they are facing in the world today. There are many issues that are faced by the population where there is the issue of unemployment that is blamed at the reluctance of the government in the whole process.
This is the chapter that talks about the free market fallacy. The chapter talks about three aims of any economy which are efficiency, fairness, and sustainability. The author argues that the government should cooperate with the private sector to ensure that these issues have been achieved in the society. These are the fundamental truths of achieving a fair economy. The adoption of a free economy is the cause of the problems that are faced in America today. It is important to understand the role that this has in the economy.
In this chapter, the author focuses on the role of globalization, social change, domestic politics, and media. These are the causes of the problems that America is facing. There are events like the Great Deal, the Fight Against Poverty which have been undertaken by the Federal Government.
In this chapter, the author subdivides the country into two parts. There is the region he calls the Sunbelt Region and the region that he calls Snowbelt. These are the regions which have different ideologies and issues that they support. It is important to understand the working policies that are present in these regions.
In this chapter of the New Globalization, the author talks about the new things that are happening on the globalization front. Globalization has increased the chances of the political winners. With the new globalization that has been experienced from the 1980s, those who own capital have been seen to enjoy high earnings due to pretax earnings. There are also increased after tax profits that the people enjoy. These have greatly affected the rise in inequality to the levels that have been seen in the World War I. The globalization that is seen is not like what was seen in the 1950s and 1960s.
In this chapter, the author talks about the bad things that are happening and the way regimes are buying their way to authority. The author does not cite the rigging that happens in America alone, but also in other countries. All these have contributed to the effects that come with the globalization. They have contributed to the effects and the low economics that are experienced in the country.
In this chapter, there are many details that are used for persuading the masses. The internet and the mass communication channels are blamed for the distractions that are happening to the population of America. Sachs states that on average, Americans consumes information 11 hours and 48 minutes a day. This is the art of mass persuasion
In this chapter, the author starts to give the solutions to the problems that America faces. It is here that the author gives the prescriptions of how a mindful society should look like. This is where the distracted society is salvaged. The three paths that the author states that will save the distracted society include cognitive, meditative, and practical. These are explained in the chapter.
In this chapter of Prosperity Regained, the author talks about the goals of the next ten years where the author talks about the need to regain employment and improve the quality of life. It is here that the author talks about the need to improve the quality of education so that the society will be improved and will prosper.
In the Seven Habits of Highly effective Government, the author talks about the steps that the government should take in order to achieve the goals that they have. Some of the goals include having clear benchmarks and goals, expertise mobilization, make plans that cut across years, plan for the future, strengthen the power of the lobbies, rebuild and re-strengthen the power of public project management, and decentralize the management of operational controls to be managed by states.
In this chapter, the author talks on how America can be extricated from the clutches of corporate democracy issues. For this to be enhanced and achieved, public money should not be taken for campaigns. The media time should be paid. The author finalizes on how the millennial renewal will be renewed with the achievement of the stated diagnoses.
Sachs blames the effects of the current problems that America faces on globalization. Although there is some truth in this argument, the book does not mention the effects that come with the issue off shoring production to abroad. There are effects that come with this trend that is seen to be talking place with many companies. The author has mentioned the issues that come with globalization and the role that politics has had on the country.
Sachs, J. (2012). The Price of Civilization–Reawakening Virtue and Prosperity after the Economic Fall. London: Vintage.