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America vs. Americans: How Capitalism Has Failed a Capitalist Nation and What We Can Do About It

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In America vs. Americans, Eric Wade presents American Laborism, a revolutionary new economic system, where the greatest commodity isn’t cash, it’s work. Capitalism is broken. Despite its successes, capitalism gives us the largest wealth gap in American history, failing Social Security, a weak currency, and a looming threat of AI destroying our workforce. We need a new system—one built around people rather than capital. A system that values each person’s unique contribution, ingenuity, and hard work—their labor. A system in which the greatest commodity isn’t cash; it’s work. And a system in which Americans at every level of society and government are working together. We need American Laborism, a revolutionary new system that presents a workable, low-tax form of capitalism for those who want it—and a dignified, healthy, happy, and fulfilled life for everyone else. Under American Laborism, if you’re happy with the current capitalist system, great! Carry on—but you’ll get to do it with a smaller government, fewer regulations, better-educated employees, and lower taxes. And if capitalism hasn’t worked out as well for you, you get access to unlimited free education and training, guaranteed housing and food, and a sound asset-backed currency. Everybody wins! American Laborism isn’t just a replacement for capitalism. It’s an upgrade. Every American has the right to live a life of dignity, to contribute, and to ensure that their basic needs are respected by their society. American Laborism can improve the lives of every American by bringing the least among us up . . . without bringing anyone else down. It’s time to heal our nation. It’s time for American Laborism.

293 pages, Kindle Edition

Published February 6, 2024

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About the author

Eric Wade

1 book4 followers
Eric Wade is the editor of Stansberry Innovations Report, and Crypto Capital, investment advisories where Eric uses his unique strategy to find the best opportunities in the cryptocurrency space.

Eric is an internet entrepreneur and investor who began picking stocks and trading futures contracts in college, using his expertise to become a certified financial manager at the largest American retail brokerage. He eventually sold the internet domain of his nickname – Wallstreet.com – for over $1 million. Eric was named a “Savvy Entrepreneur” by PR WEEK Magazine for this and has numerous TV, internet, and print appearances where he shares forward-looking ideas.

Eric has also been an angel investor, a movie script writer, and the founder of a family business that was recognized locally and internationally. He has also worked with some of the largest companies and ad agencies, worldwide, to expand their marketing reach.

Eric's cryptocurrency career began by mining bitcoin. Soon, he turned to mining Ethereum and then, even taught himself how to build and program his own miners. His research into the transformative possibilities of both blockchain and artificial intelligence technologies has grown from there. Eric takes pride that his research has created millionaires and changed people’s lives.

Eric was a barely above-average student until he began to study economics in college. Studying the so-called “dismal science” fueled his desire to remake capitalism, reshape our government, reduce taxes, and improve the standard of living for all Americans.

Eric lives in sunny Southern California with Ana, his wife of thirty-two years who is a children’s book author, entrepreneur, and inspiration for his big ideas.

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92 reviews1 follower
June 15, 2024
Reading this book is like being on an airplane next to someone who feels the need to share their opinions with you for an entire 8-hour flight. You listen to them and by hour 6 you start to wonder if you're going crazy or if their ideas are starting to make sense.

This is not structured like a typical economic book. It's conversational rather than persuasive. Sometimes you read a book that's all theory and you walk away wondering how it's actually supposed to help anyone. I walked away from this book wishing there was more theory to explain the rationale behind the proposed system. The authors do not do nearly enough to show that this is anything more than a pleasant dream.

To the credit of the authors, they are able to articulate serious problems in the U.S.'s economic systems in ways that are really accessible to non-economists (like me). At the same time, it feels like their solution is to lower taxes while increasing government benefits nationally, and they do not do any work to prove that this is even remotely feasible.

If the scope of the book were smaller and the explanation was more developed, this could be a good book. Rather than trying to "fix capitalism," maybe try for something smaller but still significant, like improving government aid. Do research, build on the work of others, and still communicate in an accessible way.

There's still some good things to get out of this. It may be a good start to something, but it might also be a terrible idea. Someone would need to do examine whether or not "American Laborism" in this proposed format is actually possible, because it seems these authors did not.
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