Described in The Predicament
In The Predicament, economist David L. Smith explains how the present economic, financial and political dysfunctions emerged after the relatively balanced and prosperous Eisenhower years. He reveals "where the bodies are buried," providing liberals with compelling rebuttals to extremist conservative memes, 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 American 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 television to return the government to the service of We The People. Think of it as "a blueprint for a revolution for the price of a latte."
Paul Krugman: Austerity Is So Wrong! Paul Krugman, Daily Beast