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The Challenge of Abundance
With an economy geared to the production of material goods and services, the United States has attained the world's highest standards of living. What must this nation's new attitudes and goals be? Where, as a people, do we go from here?
Mass Market Paperback
First published January 1, 1961
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February 29, 2020
Assigned reading for a course I took my senior year of college back in the day, I found it fascinating and thought provoking (hence my 5 star rating). Written in the early 1960's, it apparently reflected much of the thinking of President John F. Kennedy's administration. It reflects a sober but optimistic view of the times and its potentialities - if this goes on, things will get better if we only manage them right. What could go wrong? Well, for one thing, it was published before the Vietnam was got going. And there was the oil crisis of the early-mid 1970's and the massive inflation that followed, and the decline of private sector labor unions. On a more positive note, there was the development of computers in the 1980's and 1990's and the invention of the internet and social media. And the collapse of the USSR, and the rise of Islamic extremism. And so on to today. Many of the things Theobald discussed then are still relevant to today, e.g. universal basic income (which I do not advocate).
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