Publications
Publications
- 2012
- Investing in What Works for America's Communities: Essays on People, Place & Purpose
Inflection Point: New Vision, New Strategy, New Organization
By: Nancy O. Andrews and Nicolas P. Retsinas
Abstract
What does it cost to build a great society? More
pointedly, what does it cost to lose a great society?
Since the War on Poverty began almost 50 years
ago, investments in America’s communities have
spurred those questions. Today we face a society
more unequal than at any time since the Great Depression:
almost every person knows at least one family member, neighbor,
or friend in danger of losing a home, and the number of people
living in poverty has grown by half in a decade. Today, a child’s
ZIP code is one of the most powerful predictors of her future
life—health, education, longevity. As Federal Reserve Chairman
Ben Bernanke has warned, "income inequality is a very bad development. It’s creating two societies….It leads to …a society
that doesn’t have the cohesion we’d like to see."
So these questions rise to a new urgency.
So these questions rise to a new urgency.
Keywords
Citation
Andrews, Nancy O., and Nicolas P. Retsinas. "Inflection Point: New Vision, New Strategy, New Organization." In Investing in What Works for America's Communities: Essays on People, Place & Purpose, edited by Nancy O. Andrews, David J. Erickson, Ian J. Galloway, and Ellen S. Seidman, 407–419. San Francisco, CA: Federal Reserve Bank of San Francisco, 2012.