The Neoconomy

Daniel Altman analyzes the consequences of the Bush administration's economic theory.

It sounds like a recipe for the kind of social unrest that can make an economy stagger, stagnate, or worse. A political backlash would seem almost inevitable. And something worse—like a riotous manifestation of anticapitalist sentiment—would become a real possibility for the first time in decades. And that's what could happen if the theory works.