How should we begin to make amends for raising a generation obsessed with the pursuit of material wealth and indifferent to so much else?

Although the United States lost a quarter of a million men and women, civilians and soldiers, in World War II, that's considerably less than the Russians lost in soldiers at the Battle of Stalingrad alone. It's important to convey to countries and to people and to generations who have no experience of the 20th century as it was lived in Europe just how catastrophic it was.

American social arrangements, economic arrangements, the degree of inequality in American life, the relatively small role played by the government in American public life and so forth, compares to exactly the opposite conditions in most of the European societies.

We know what things cost but have no idea what they are worth.

We need to start talking about inequality again; we need to start talking about the inequities and unfairnesses and the injustices of an excessively divided society, divided by wealth, by opportunity, by outcome, by assets and so forth.

There were various different keys in which European history had tended to be written. One is the lyrical key, the idea that somehow, in Bretton-Woods in 1945, a bunch of well-intentioned men got together and said, "This can't go on; let's build a European Union." And it just wasn't like that.

As recently as the 1970s, the idea that the point of life was to get rich and that governments existed to facilitate this would have been ridiculed: not only by capitalism's traditional critics but also by many of its staunchest defenders.