The Great Equalizer by David Smick
How Main Street Capitalism Can Create an Economy for Everyone

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The book’s stumbling block is its obsession with America’s view of itself, which leads the author to rely on a number of clichés...Nonetheless, this call to arms regarding the need to get audacious and adventurous about U.S. economic growth is a thought-provoking, entertaining read.
-Publishers Weekly

Synopsis

The experts say that America's best days are behind us, that mediocre long-term economic growth is baked in the cake, and that politically, socially, and racially, the United States will continue to tear itself apart. But David Smick—hedge fund strategist and author of the 2008 bestseller The World Is Curved—argues that the experts are wrong.

In recent decades, a Corporate Capitalism of top down mismanagement and backroom deal-making has smothered America's innovative spirit. Policy now favors the big, the corporate, and the status quo at the expense of the small, the inventive, and the entrepreneurial. The result is that working and middle class Americans have seen their incomes flat-lining and their American Dreams slipping away. In response, Smick calls for the great equalizer, a Main Street Capitalism of mass small-business startups and bottom-up innovation, all unfolding on a level playing field. Introducing a fourteen-point plan of bipartisan reforms for unleashing America's creativity and confidence, his forward-thinking book describes a new climate of dynamism where every man and woman is a potential entrepreneur—especially those at the bottom rungs of the economic ladder.

Ultimately, Smick argues, economies are more than statistical measurements of supply and demand, economic output, and rates of return. Economies are people—their hopes, fears, dreams, and expectations. The Great Equalizer is a call for a set of new paradigms that inspire and empower average American people to reimagine and reboot their economy. It is a manifesto asserting that, with a new kind of economic policy, America's best days lie ahead.
 

About David Smick

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David Smick advises some of the world’s most successful money managers through his investment and strategic consulting firm Johnson Smick International, Inc. He is also the founder, editor, and publisher of The International Economy, an acclaimed quarterly. He has served as an adviser to both Republican and Democratic presidential candidates and has written for publications such as The Wall Street Journal and The New York Times. Mr. Smick and his family live in Washington, D.C.
 
Published January 10, 2017 by PublicAffairs. 272 pages
Genres: Business & Economics, Political & Social Sciences. Non-fiction
Bestseller Status:
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Peak Rank on Jan 29 2017
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Weeks as Bestseller
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Critic reviews for The Great Equalizer
All: 3 | Positive: 1 | Negative: 2

Kirkus

Good
on Nov 20 2016

Is all this pie-in-the-sky thinking? Perhaps so, but Smick’s call for a fairer capitalism makes for bracing reading for students of the modern economy and polity.

Read Full Review of The Great Equalizer: How Main... | See more reviews from Kirkus

Publishers Weekly

Above average
on Apr 12 2017

The book’s stumbling block is its obsession with America’s view of itself, which leads the author to rely on a number of clichés...Nonetheless, this call to arms regarding the need to get audacious and adventurous about U.S. economic growth is a thought-provoking, entertaining read.

Read Full Review of The Great Equalizer: How Main... | See more reviews from Publishers Weekly

NY Journal of Books

Above average
Reviewed by Mattea Kramer on Apr 12 2017

This blind spot, in which he fails to see that his diagnosis and prescription may be flawed just like those of other experts, is one of his weak spots...Still, there’s a whole lot that Smick gets right.

Read Full Review of The Great Equalizer: How Main... | See more reviews from NY Journal of Books

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