In the three "Long Wars" during the past 47 years, we have witnessed the realization of President Eisenhower's warnings of "grave implications," "unwarranted influence" and "misplaced power" associated with the growing military-industrial complex and scientific-technological elite. The Big-Brother nightmare of George Orwell's "Nineteen Eighty Four" haunts the country. Since the Reagan presidency, wealth and income in the U.S. have become more concentrated than in any other advanced society, resulting in catastrophic financial instability and economic hardship in recent years. No longer the world's leading creditor, the U.S. has become the largest debtor nation. Younger generations have been afflicted with sub-standard public-school education, expensive college tuition, crushing college loans, dismal job prospects, low pay, high youth unemployment. Rich folks in the senior generations are living large and sending the younger generations the bill. Internationally the U.S. is engaged in shooting wars with adversaries still bearing grudges from the Arab Empire, the Crusades and the Ottoman Empire, risking irreversible escalation of conflict. The electorate and, therefore, the U.S. government has grown so polarized as to be incapable of effectively addressing these crises. These are all aspects of what author David L. Smith calls The Predicament.
In his book, "The Predicament," Mr. Smith reveals how these conditions emerged from the relatively balanced and prosperous Eisenhower years. He reveals "where the bodies are buried" and makes the case for a radical change of direction to avoid further economic, financial and social deterioration; to restore the solvency, prosperity and contentment of the middle class; and to relieve the plight of the poor.
Identifying the root cause of The Predicament as the hijacking of the democratic political process by a rich and powerful elite, Mr. Smith proposes a completely new democratic political process to bypass Big Money and return the government to the service of We The People.
To further advance the case for a reversal of the political pendulum from its extreme rightward displacement, Mr. Smith offers an autobiographical addendum revealing his own conversion from William F. Buckley, Jr. conservative to radical American liberal, impelled by his experiences as a U.S. Naval officer serving with the Marines in Vietnam and by the excesses of the Reagan Revolution and its economic underpinnings in "supply-side" theory, otherwise known as Reaganomics.
His understanding of the folly of Reaganomics stems from a quarter century as a newsletter writer and public speaker, chronicling, analyzing and forecasting economic and financial events with what has been described as "uncanny accuracy." He also wrote a newsletter, and continues to write a blog, The Cassandra Chronicles, commenting on geopolitical and other political issues of moment.
The book is addressed and dedicated to members of the Millennial Generation, who bear the brunt of inequities wrought by the present system, and who will have to extricate themselves from The Predicament, since few within the older generations seem inclined to. Hopefully conscience-driven members of senior generations will be inspired to pitch in.
"synopsis" may belong to another edition of this title.
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Trade paperback. Condition: Good. The format is approximately 6 inches by 9 inches. [8],168, 8 pages. Footnotes. Illustrations (some with color). Index. Cover has some wear and soiling. Inscribed by the author on the title page. The inscription reads For Phil With appreciation and friendship David. Also inscribed by the author on the Dedication page. The inscription there read For Dennis Brewer With Appreciation David. Bookmark associated with this publication laid in! David L. Smith writes and speaks as an Economist, Market Strategist, Futurist and Geopolitical Commentator. Born and raised in Argentina, Mr. Smith colors his writing and presentations with a bi-cultural international perspective. Mr. Smith earned his bachelor's degree with honors in economics from Dartmouth College and his master's degree in finance with distinction from the Stanford Graduate School of Business. Following graduation from Dartmouth, Mr. Smith served as an officer in the U.S. Navy, aboard a destroyer during the Cuban Missile Crisis, later assigned to the U.S. Marine Corps as a Naval Gunfire Liaison Officer, and serving a tour in Danang, South Vietnam. His broad perspective on the world economy and financial markets was gained through a 35-year career in the financial arena, including securities analysis with Wells Fargo Bank and Shuman Agnew in San Francisco; mergers and acquisitions in aviation with Bangor Punta Corporation in Connecticut, parent company of Piper Aircraft Corporation among others; and back in San Francisco as a financial planner with Capital Analysts; as president and CEO of Alma Securities. In The Predicament, Dartmouth- and Stanford-trained economist and futurist David L. Smith explains how the present domestic economic, financial and political dysfunctions emerged after the relatively balanced and prosperous Eisenhower years. In foreign policy, the author vividly describes the fulfillment of President Eisenhower's warnings of the "grave implications" of a military complex committed to the Orwellian nightmare of perpetual war. His unsparing analysis provides liberals with compelling rebuttals to extremist conservative memes and open-minded conservatives with convincing reasons to reconsider positions antithetical to their best interests. Demonstrating how rising inequality of wealth created the economic crisis of 2008-2009, Mr. Smith makes a compelling case for a radical change of direction to forestall further calamities; to restore the solvency, prosperity and contentment of the middle class; to relieve the plight of the poor. He also proposes a reversal of course in the disturbing and dangerous escalation of violence between Islam and the West, concluding with an appeal for reconciliation and peace between the two cultures. Identifying the root cause of the American Predicament as the hijacking of the democratic process by a rich and powerful elite, Mr. Smith proposes a completely new democratic political process, bypassing Big Money and television, to reorient government to the service of We The People. George Santayana once sagely observed, "Those who cannot remember the past are condemned to repeat it." In writing The Predicament: How did it happen? How bad is it? The case for radical change now! the author intends to assist younger generations and conscience-driven older generations to remember the past, and thus commute the sentence. Second edition [stated]. Presumed first printing thus. Seller Inventory # 88390