Report of the Commission on Inclusive Prosperity

Source: Lawrence H. Summers & Ed Balls, Center for American Progress, January 2015

From the summary:
….Our report is about embracing the new economic opportunities of the 21st century by finding ways to ensure they serve the vast majority of society. In previous eras, political institutions have responded to economic transformations to ensure prosperity is shared: the New Deal in the United States and the European social welfare state; the “third-way” politics of putting people first of Clinton and Blair by investing in people and reforming institutions. Just as it took the New Deal and the European social welfare state to make the Industrial Revolution work for the many and not the few during the 20th century, we need new social and political institutions to make 21st century capitalism work for the many and not the few.

We offer this report on the urgency of achieving inclusive prosperity because we believe democracy must serve this common good, the cause of social justice and the aspirations of parents for their children. For democracies to thrive, rising prosperity must be within reach of all of our citizens….