About the Author

James C. Capretta

James C. Capretta

New Atlantis Contributing Editor James C. Capretta is an expert on health care and entitlement policy, with years of experience in both the executive and legislative branches of government. E-mail: jcapretta@aei.org.


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James C. Capretta’s Latest New Atlantis Articles

 Health Care with a Conscience” (Fall 2008) 

 Health Care 2008: A Political Primer” (Spring 2008) 

 The Clipboard of the Future” (Winter 2008)

 

 More on James C. Capretta

Text Patterns - by Alan JacobsFuturisms - Critiquing the project to reengineer humanity

Wednesday, September 7, 2011

A System in Need of an Update 

The New York Times Room For Debate series has a new question up, asking, “Can the Middle Class Be Rebuilt?,” in which I offer this response

The United States, and our Western capitalist partners, have entered a new economic era. Intense global competition has suppressed wages in some industries that had uncompetitive cost structures. And because political leaders of both major parties have for far too long emphasized consumption and income protection at the expense of investments in the future, the adjustments necessary to provide new opportunities to replace lost employment have been slow and inadequate.

Meanwhile, as economic pressures have intensified, it’s become clear that the social welfare arrangements built decades ago by governments and employers are no longer viable, especially in view of the unprecedented demographic transformation — rapid population aging and slow or stagnant labor force growth — now underway in the industrialized world.

There’s no retreating from these challenges, especially global competition. What policy makers must do is get the policy fundamentals right again so that dynamic economic growth in the private sector can once again generate new opportunities for the middle class....

You can read the whole response here.

posted by James C. Capretta | 10:55 am
Tags: middle class
File As: Health Care