Tagged: #elderly

The Economic Illusion by Robert Kuttner

black and white title textThe Economic Illusion: False choices between prosperity and social justice  by Robert Kuttner (1984)

Robert Kuttner has become a favorite author because he really knows his stuff and is a very good writer making for an enjoyable read. He is also the author of Debtors’ Prison: The Politics of Austerity Versus Possibility. This book had one of my favorite chapters ever, titled The Moral Economy of Debt [link to come later], basically pointing out the contradiction between the treatment of bankruptcy by individuals as a moral failure contrasted with the get out of jail free card by failed corporations (like Donald Trump’s 4 instances where he sheltered his personal wealth from the risk he took with his businesses).

In this book he makes the case that social justice does not preclude a dynamic economy. This book written a tad more academically than his later books, but is fascinating also because of the date it was published –  1984! [nod to Orwell fans out there since what he discusses is exactly true today] Here are some long quotes from the book.

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