The author of this book is a respected economist and also a former cabinet secretary in the Clinton administration. Published in the early 1990's, this book provides a short economic history of the US, describes the American economy at his time (the early 1990's) and what lies ahead for America. In it, Reich covers various topics such as: industrialization, outsourcing of labor, gap between incomes, the growth of financial markets in both the number of people involved, the sums of money involved, and the influence they have on world affairs, and the role of America in world economics.
He points out trends both harmful and beneficial to America, and prescribes changes that could help America, and the world. These include the traditional liberal stands of investing in education, securing healthcare and other social nets for the poor, protecting the environment, empowering workers, especially those at the bottom of the economic food chain, with greater power in their economic success,
The book is clearly written. Reich is clearly a Democrat, but the book is not partisan in its treatment, and he emphasizes the importance of government budgets and tax rates in economic policy. There were several items he should have placed more focus on; privatization of utilities, the growth of intellectual property and its effects on technological growth and individual rights, the spread of credit, and the parallel rise in bankruptcies. In all the book tends to look at the bright side, and offers many good points for political leaders current and future to consider.