The emerging compromise on the bailout is better than Paulson’s original proposal, but falls far short of what needs to be done. Congress and the next president will have a lot more work to do.
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.