Epic Recession: Prelude to Global Depression - Hardcover

Rasmus, Jack

4

8 ratings by Goodreads

9780745329994: Epic Recession: Prelude to Global Depression

Hardcover

ISBN 10: 0745329993 ISBN 13: 9780745329994

Publisher: Pluto Press, 2010

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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.

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About the Author:

Jack Rasmus is a Professor of Economics at St Marys College and Santa Clara University, both in California. He is a freelance economics journalist and author of Epic Recession: Prelude to Global Depression (Pluto, 2010). He has been a business economist, market analyst and vice-president of the National Writers Union.

Review:

Extensive research, thoughtful analysis and articulate writing have created a great book. Jack Rasmus doesn't just talk about the economic catastrophe of the last two years he identifies the problems, the root causes, and offers sound and insightful solutions. Epic Recesssion should be required reading for anyone who has a responsibility in formulating public policy. -- Chuck Mack, International Vice-President, International Brotherhood of Teamsters

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