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" "[A] kinder and more just economic system is... one that is embedded in a truly democratic society that not only empowers people but enables them to live their daily lives with less uncertainty, less manipulation, less taking advantage of... weaknesses, and less fear that their lives could collapse like a house of cards. This capitalism... envisions... zero unemployment, zero inflation, zero trade deficits, and zero government deficit over the business cycle.
(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.
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Blackboard economists said that globalization would be good for Americans. ...It had a few winners and... many losers. ...It ...led to an epidemic of Deaths of Despair in which so much was destroyed in America. Hyper-globalization destroyed... neighborhoods and cities and everything in the ... It was like an atomic bomb hit... Alcohol poisoning, drug overdoses accelerated... the destruction of human lives.