Notes from the Editors, September 2000
September 1, 2000
In the United States, the creation of wealth is often presented as a process that benefits everyone within the society. A common shibboleth, made famous during the Kennedy administration, is that “a rising tide lifts all boats.” In June 2000, the Conference Board, an organization devoted to the promotion of global business and one of the leading private centers for the analysis of economic statistics, released a report actually entitled Does a Rising Tide Lift All Boats? The report concludes: “Unfortunately, the answer to date is ‘no ’”
