The Tyranny Of Dead Ideas Analysis

In the first chapter of “The Tyranny of Dead Ideas,” the author, Matt Miller, writes about our leader have unsuccessful to get read of us for lies ahead because they are in the grasp of a set of "dead ideas" about how a modern economy should work. The author argues that our families and this generation have a big income inequality because our kids will earn less than we do. For example 100 million American now live in families that earn less in real terms than their parent did the same age. According to his point of view, each generation should earn more than the previous generation, but the next generation earns less. He gave example of 2007 survey. The surveys indicate 60 percent of America expects the next generation that will be worse than their, verse 31 percent who expect they will be better off. Meanwhile, sociological “Big Bang” has two critical elements such as the founding of united state itself, and the advent of the industrial Revolution. The author mention about how the policy of equality
The author explains that some of American could get the benefit of free trade. For instance, the investors can build their factories abroad the country that helps them to get cheap labor. Moreover, free trade is good, provided we have protections in place to make people feel sufficiently secure in a time of rapid economic change. This means health care and pension security that aren’t tied to a job that can suddenly disappear. It means broader trade adjustment assistance, job retraining, and wage insurance that keeps offshoring from being a disaster for affected families. On the other hand, Miller writes a disadvantage of free trade because some of the workers are lose their job and they lose their protections. For instance, the human job replaced by the reboot. So the United States policy maker should consider the dilemma and the benefit of free