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In his new book, “The Complacent Class: The Self-Defeating Quest for the American Dream,” Cowen argues that we’ve overcorrected and gone too far toward trying to create perfect, insulated “bubble worlds” for ourselves and our kids. And now we’re afraid to change anything, lest we burst the bubble. 

The headline grabbed my attention: “Americans have become lazy and it’s hurting the economy.” 

Lazy? Now there’s a four-letter word you rarely hear Americans use to describe themselves.

[OP-ED]: Is the American dream on a ‘self-defeating quest’?

 04/04/2017 - 15:06
 La mayor parte del nuevo libro del economista Tyler Cowen, titulado “The Complacent Class: The Self-Defeating Quest for the American Dream”, es una lectura mega-deprimente.

Inequality is rising. Segregation by socioeconomic class, educational attainment and race is skyrocketing. The country is generally less dynamic and more risk-averse -- when people have the opportunity to move for a better quality of life or more rewarding job, they tend to settle for staying put.

Plain Text Author: 
Esther Cepeda

[OP-ED]: Has America gone complacent?

 03/03/2017 - 10:10
Photograph provided by the New York Stock Exchange that shows the president of Santander Consumer Finance, the Group's consumer finance unit, Jason Kulas (C) along with other colleagues after opening the session of the New York park in the United States. EFE

”We have met the enemy and he is us.”

- the comic-strip character Pogo by Walt Kelly, 1970

The same may be true of the economy. So says Tyler Cowen, author of the new book “The Complacent Class: The Self-Defeating Quest for the American Dream.”

Although we’ve recovered from the Great Recession, there are widespread fears that the economy will stagnate or grow only slowly. Government won’t be able to handle the next crisis, whether a war, financial meltdown or pandemic.

Plain Text Author: 
Robert J. Samuelson

[OP-ED]: ¿Está Estados Unidos durmiéndose en sus laureles?

 03/03/2017 - 10:05
Fotografía facilitada por la Bolsa de Nueva York que muestra al presidente de Santander Consumer Finance, la unidad de financiación al consumo del Grupo, Jason Kulas (C) junto con otros compañeros tras abrir la sesión del parqué neoyorquino en Estados Unidos. EFE/

“Conocemos ahora a nuestro enemigo y está entre nosotros"

-Pogo, el personaje de la historieta de Walt Kelly, 1970

 Lo mismo puede decirse de la economía. Eso es lo que sostiene Tyler Cowen, autor del nuevo libro titulado: “The Complacent Class: The Self-Defeating Quest for the American Dream”.

Aunque nos recuperamos de la Gran Recesión, existe el temor de que la economía se estanque o crezca solo lentamente. El gobierno no podrá manejar la siguiente crisis, ya sea una guerra, un derrumbe financiero o una gran epidemia.

Plain Text Author: 
Robert J. Samuelson