Is the economy like a garden that must be well tended by human hands? Or is it machine that, once turned on, runs mercilessly by itself? This is a question Eric Liu and Nick Hanauer ask in their NY Times Op-Ed piece, " The Machine and the Garden."
Liu will be speaking at the Hannah Arendt Center Fall Conference "Does the President Matter?" on September 21-22. He is the founder and CEO of Guiding Lights, a network of citizens working to create new ways to restore community, compassion, and active citizenship in our world. He is also a former speech writer and domestic policy analyst for President Bill Clinton. Along with Hannauer, Liu recently published The Gardens of Democracy: A New American Story of Citizenship, the Economy and the Role of Government.
In the NY Times today, Liu and Hannauer write:
In this new framework, which we call Gardenbrain, markets are not perfectly efficient but can be effective if well managed. Where Machinebrain posits that it’s every man for himself, Gardenbrain recognizes that we’re all better off when we’re all better off. Where Machinebrain treats radical inequality as purely the predictable result of unequally distributed talent and work ethic, Gardenbrain reveals it as equally the self-reinforcing and compounding result of unequally distributed opportunity.