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Readings:  Greider, Chapters 4 and 5

Note: In reading pages 19-199 you should develop some understanding of the current debate about bailing out the American automobile industry.  In reading Chapter 5, you should also develop some understanding of what is meant by “greening” the American Economy.

Individual Writing Assignment:

Write a 4-5 page paper answering the following questions succinctly and in order.  Please number each answer to correspond with the question.

1. According to Greider, how has capitalism replaced government in overseeing American institutions?
2. Grieder argues that Keynes was correct about the “unreality of stock market behavior” and its effects on our society.  What evidence does Greider give for his claim? 
3. Describe one example of a way that the American labor movement has recently taken a progressive role in reforming Wall Street.
4. Describe what Grieder means by “the stark, cruel choice the economic system poses between the present and the future”…ie., what is he referring to?  Briefly describe the Nature Conservancy’s (Virginia Costal Reserve) and Northampton Economic Forum’s strategy to solve this problem.
5. Explain what Paul Hawken, Amory Lovins and L. Hunter Lovins mean by the “next industrial revolution”.