James K. Galbraith is author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too (Free Press, August 5, 2008). He teaches at The University of Texas at Austin.
From all official statements so far, the August 10 terror plot
uncovered in Britain was the biggest thing since 9/11. But
then again, perhaps it wasn't. It's not too early to ask the questions
on which a final judgment must depend.
Taming global capitalism is the overriding challenge of our time. Joseph E. Stiglitz, Thea Lee, James K. Galbraith and others offer their ideas on how the United States can transform global capitalism by creating a new social contract.