Letter from the Editor

摘要

Donald Trump may be failing America, but what have the Democrats offered in return? Gerald Epstein is highly critical of the Democratic plan for America called "A Better Deal." The best that can be said of it is that the plan is not as bad as its lame title. Epstein says there are some good proposals in the plan, but almost none go far enough. The promise to create millions of high-paying jobs, he notes, is weak on details. The plan provides no clarion call around which America could rally. It has little on poverty, healthcare or, a particular sore spot of mine, fiscal and monetary policies to maximize growth. Even its infrastructure proposals are bare bones. Rapid growth in public investment and adequate social programs to distribute benefits fairly is the best way to create jobs and higher wages. In our era, we must also control the excesses of Wall Street, which has put persistent downward pressure on wages for a generation.