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CHAPTER ONE

We Need a New Economics

Image Jim Cross graduated at the top of his applied computer science class. But he hasn’t found a job in California’s prosperous Silicon Valley, once the golden Mecca for high-wage technology jobs. While sales and profits in the region have been skyrocketing again—an average of more than 500 percent over three years—employment has actually declined.

In Nigeria, Marian Mfunde has just buried her second baby. Like her first son—and millions of African children every year—her five-month-old daughter died of hunger. Marian ...

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