Epic recession
prelude to global depression
- ISBN: 9780745329987
- Editorial: Pluto Press
- Fecha de la edición: 2010
- Lugar de la edición: London. Reino Unido
- Encuadernación: Rústica
- Medidas: 22 cm
- Nº Pág.: 272
- Idiomas: Inglés
The US is still in deep trouble. Banks are sustained by trillions of government dollars, unemployment is approaching 25 million and the long- term future of the economy is in doubt. In "Epic Recession", Jack Rasmus shows 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, nationalisations, a fundamentally new kind of banking structure and a long-term redistribution of income through better healthcare and benefit systems. "Epic Recession" provides a rallying point for trade unionists and concerned citizens who want to ensure that any recovery is felt further than Wall street.