To build shared prosperity, we need to adopt a broad economic strategy that reflects the increasingly global nature of the American economy. Fundamentally, that strategy must empower working families, so that they share in the prosperity and productivity they produce.

Essential elements include:

• An industrial policy to capture the core markets of the future, like the new energy economy that can be a source of jobs, innovation and growth.
• An investment agenda to provide the capital vital to innovation, to educating and training our people, and to creating the infrastructure that supports a dynamic, competitive economy.
• A new social contract designed to insure that working people have access to good jobs, affordable health care, decent pensions and paid vacations. This requires both empowering workers and holding executives accountable, but it also requires developing a public substitute for the private social contract that the companies are now abandoning.