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Week of January 18, 2009 - January 24, 2009

A Time To Renew America's Social Contract



Although some have pooh-poohed Obama's Inaugural Address, it rewards thoughtful rereading of its central message and resonate passages. One powerful part speaks to today's TPM/Democracy discussion about Opportunity.

Having acknowledged the power of market capitalism to generate wealth and expand freedom, just-minted President Obama reminded us that socially regulated markets are necessary because "... a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our Gross Domestic Product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart -- not out of charity, but because it is the surest route to our common good."

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Theda Skocpol

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