GENERATION HOPE

In this treatise, former entrepreneur Katakam argues that there’s a more enlightened path between the economic poles of capitalism and communism.

The subject of Katakam’s book is inclusive economics, a system of economic thought that’s based on five principles: growth, participation, opportunity, stability, and sustainability. Rather than focusing solely on profit and competition, the author notes, inclusive economics seeks to maximize a spirit of cooperation and community; this results in a “third way” approach that starts within an individual and moves outward to improve the social, political, and physical environment in which they live. Throughout, Katakam draws on multiple disciplines, including business, philosophy, and psychology, to explain the core tenets of the inclusive economics concept and how it would address such issues as climate change and income inequality. Despite such weighty material, Katakam writes with a light, sometimes playful tone, explaining ideas clearly without getting bogged down in academic language. The author also deftly uses pop-culture references to elucidate his meaning and create connections with millennial and Gen Z readers, although he includes enough older references that Gen X readers won’t feel left out; fans of a certain 1999 SF/action film will appreciate at least one of Katakam’s extended metaphors: “Just like the human energy source in The Matrix, our mindless, desperate, or even well-intended spending makes the wealthiest even wealthier.” Ironically, his writing is so accessible and nimble that some readers may take it as a sign that the material isn’t as deserving of attention. However, the author—who credits his background in accounting and startup creation for his current interest in social economics—shows clear passion and intellectual acumen throughout.

Katakam’s clear, accessible language and humanistic focus make this thoughtful work a pleasure to read.