Daniel Alpert, Economist: “The Age of Oversupply”

How did we arrive at our economic situation? What can we do to get out?

According to Daniel Alpert, we suffer from “oversupply.” Today’s economic challenges  link to a global event we all welcomed with joy – the collapse of Socialism. But that freedom for billions also added billions to the global labor force. It drove a boom in production capacity. Toss in a glut of capital, and you have a global economic disaster – a disaster for which common prescriptions for economic recovery aren’t going to work.

Alpert is a founding Managing Partner of Westwood Capital and a Fellow of The Century Foundation. He is also author of the important new book “The Age of Oversupply: Overcoming the Greatest Challenge to the Global Economy.”

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