Why, when America and Britain are wealthier than ever, do millions of children live in poverty, neighborhoods want for basic amenities, and the middle classes fear for their families, jobs, and futures? The historical legacy of the "golden era" and the ideology of market individualism are obsessions that the New Democrats in America and the New Labour in Britain have failed to exorcize. Yet the forces of knowledge-driven capitalism provide an unprecedented opportunity to build societies more equitably based on the individual and collective intelligence of all. Capitalism and Social Progress shows how this change can be achieved.