Jeff Sachs - America in Crisis: What Role for Government? 1/5
2,723 views · Published 23 May 2012 · 6:01 · Indexed 25 September 2026
Channel: New Economic Thinking · 2012 · Film & Animation
In Part 1 of this interview From the Director's Chair, INET Executive Director Robert Johnson talks with Jeffrey Sachs about Sachs's book The Price of Civilization: Reawakening American Virtue and Prosperity. Sachs doesn't view 2008 as just another business-cycle crash "It's something deeper than that," he says. "And its roots go back several decades." Sachs examines the last 30 years in American history and suggests that US politics offered up a major misdiagnosis that "the government was the problem rather than the challenge of globalization." 30 years of shrinking government and deregulation didn't address the structural challenges of globalization -- and it still won't. Can government play a role now or is it too late?
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