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Andrew F. Puzder
This author may be available for media and speaking engagements.
Request This AuthorANDREW F. PUZDER is a Senior Fellow at the Pepperdine School of Public Policy. He is the former CEO of CKE Restaurants, Inc. and was President Trump’s first nominee for Secretary of Labor.
Titles by this Author
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Read MoreOver the last two months, the COVID-19 pandemic has thrown a robust American economy into disarray, completely shutting down major business sectors and putting millions of people out of work overnight.
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The promise of America is that, with ambition and hard work, anyone can rise to the top. But now the promise has been broken, and we’ve become an aristocracy where rich parents raise rich kids and poor parents raise poor kids.
Global news is generally bad news. On the surface, the story is about war, poverty, ethnic and sectarian strife. Democracy movements advanced by the U.S. government seem to be stalled or even reversed. Yet just below the surface, more hopeful trends are brewing.
One of America’s greatest success stories is its economy. For more than a century, it has been the envy of the world. The opportunity it generates has inspired millions of people to want to become American. Today, however, America’s economy is at a crossroads. Managed decline and creeping statism do not have to be America’s only choices. This book insists that there is an alternative: a vibrant market economy grounded on entrepreneurship, competition, and trade openness.
It’s true that we’ve wrung much of the magic out of technologies that fueled the last, long boom. But the next great convergence will ignite in the 2020s. And this time, unlike any previous historical moment, we have the Cloud that amplifies that fusion. The next long boom starts now.
Why does history record prosperity for the mass of ordinary people only within Western civilization and in the context of free markets? Donald Devine’s exploration of the enduring tension between capitalism and the moral order is the best answer to this question since Adam Smith’s.
Liberal capitalism enabled the many to improve their condition and form a robust middle class, but we are reverting to a more stratified society, with concentrated wealth and limited social mobility. A new, higher-tech feudalism is emerging.