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Sibile Marcellus – ‘We squandered a major economic recovery’: Harvard professor

Summary:
The nation wasted the major economic recovery, according to a new report by Harvard Business School on U.S. competitiveness. “We had this wonderful recovery. It could have given us the chance to take some significant resources and devote them to some of our well-known challenges, like infrastructure or health care...none of that happened. Instead, we squandered a major economic recovery and didn’t use it to make things better,” said Harvard Business School professor Michael Porter, a co-author of the study. The business community’s role in politics has made a significant contribution to Washington’s dysfunction, according to HBS’s report. The majority of the business leaders surveyed said businesses’ overall engagement worsened the political system by advancing policies that

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The nation wasted the major economic recovery, according to a new report by Harvard Business School on U.S. competitiveness.

“We had this wonderful recovery. It could have given us the chance to take some significant resources and devote them to some of our well-known challenges, like infrastructure or health care...none of that happened. Instead, we squandered a major economic recovery and didn’t use it to make things better,” said Harvard Business School professor Michael Porter, a co-author of the study.

The business community’s role in politics has made a significant contribution to Washington’s dysfunction, according to HBS’s report. The majority of the business leaders surveyed said businesses’ overall engagement worsened the political system by advancing policies that benefited special interests.

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Sibile Marcellus - 'We squandered a major economic recovery': Harvard professor

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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