I haven't read it yet (The Squandering of America), but I've always respected Robert Kuttner as an extremely informed and persuasive voice for "managed capitalism". I came along this kind of off-the-wall review of his book on Truthdig by a guy named Doug Henwood. Any of you heard of him? He kind pooh poohed the book, and I thought made some gratuitous jabs at liberals. He started sounding more and more like traditional socialist, I just couldn't figure it out. He definitely gave some food for thought though....
Doug Henwood on Robert Kuttner’s ‘The Squandering of America’
http://www.truthdig.com/arts_culture/item/20080110_doug_henwood_on_robert_kuttners_the_squandering_of_america/