Summers Sees Fall Unless Prosperity Shared.
“Out of the Spotlight” Postings for November 26th
Summers Sees Fall Unless Prosperity Shared.Lawrence Summers, recently tapped by President-elect Obama to head up the National Economic Council, spoke about the importance of shared prosperity at the Harvard Business School۪s 100th Centennial Summit. In the October 2008 address, Summers noted three challenges the nation faces and argued that the right economic choices need to be made not just to address well being but also to ensure the “legitimacy of our society”
“..The challenge of maintaining stable economic prosperity and economic growth, the challenge of making sure that that prosperity is widely and legitimately shared and the challenge of building a global system that works for citizens of all nations.
We all need to recognize more Americans think the country is going in the wrong directionMore Americans think that their children aren۪t likely to be as economically successful as they were and if one looks at Congress, if one looks at the President , if one looks at business leaders as a groupfaith in their leadership is at a low. And so making the choices that lie ahead wisely, decisively, and in the broad interest is of immense importance not just for peoples۪ economic well being but for a sense of the broad legitimacy of the society of which we are a part.
Prosperity, maintaining it, increasing it.”
Posted by Jodie, November 26, 2008
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