Epic Recession Prelude to Global Depression
, by Rasmus, JackNote: Supplemental materials are not guaranteed with Rental or Used book purchases.
- ISBN: 9780745329994 | 0745329993
- Cover: Hardcover
- Copyright: 8/15/2010
With the US still reliant on regular liquidity injections and government bail-outs, an quick end to the economic crisis seems increasingly remote. InEpic Recession And Financial Crisis,Jack Rasmus argues that we need a new way of understanding the crisis if things are to improve.Rasmus interrogates US economic history to show that the current predicament is what he terms an "Epic Recession," neither a full-blown depression or a short-lived period of contraction followed by a swift return to growth. He then shows that the only way to prevent the onset of depression is to radically restructure the economy through a massive job creation program, nationalizations, a fundamentally new kind of banking structure and a long-term redistribution of income through better healthcare and benefit systems.Epic Recession And Financial Crisisprovides a rallying point for trade unionists and concerned citizens who want to ensure that any recovery is felt further than Wall street.