Terrorists who try to sow chaos, they must be met with force and they must also be met, though, with a forceful commitment to uphold the rule of law,… - Barack Obama

Now, I do not use that word, "slavery" lightly. It evokes obviously one of the most painful chapters in our nation’s history. But around the world, there’s no denying the awful reality. When a man, desperate for work, finds himself in a factory or on a fishing boat or in a field, working, toiling, for little or no pay, and beaten if he tries to escape -- that is slavery. When a woman is locked in a sweatshop, or trapped in a home as a domestic servant, alone and abused and incapable of leaving -- that’s slavery. When a little boy is kidnapped, turned into a child soldier, forced to kill or be killed -- that’s slavery. When a little girl is sold by her impoverished family -- girls my daughters’ age -- runs away from home, or is lured by the false promises of a better life, and then imprisoned in a brothel and tortured if she resists -- that’s slavery. It is barbaric, and it is evil, and it has no place in a civilized world.

I confess to wincing every so often at a poorly chosen word, a mangled sentence, an expression of emotion that seems indulgent or overly practiced. I have the urge to cut the book by fifty pages or so, possessed as I am with a keener appreciation for brevity.

So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.