Jeffrey Sachs

A majority of Americans are neither happy with the way things are going in their country nor naive enough to believe that the 2017 tax cut is a solution to their woes. Unlike many macroeconomists, they know there is more to life than a short-run increase in GDP growth or decline in the unemployment rate....

The rest of the world urgently needs to understand America for what it has now become. Behind the formal structures of a once-functioning democracy is a political system run by corporate interests with the cynical aims of cutting taxes on the rich, selling weapons, and polluting with impunity. In Trump, they have found a shameless frontman and TV personality who will do their bidding.

"Historians have noted that American politics moves in long swings. We are at the end of the 30-year Reagan era, a period that has culminated in soaring income for the top 1 percent and crushing unemployment or income stagnation for much of the rest. The overarching challenge of the coming years is to restore prosperity and power for the 99 percent."