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Synopsis
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 of the problems and offers sound and insightful solutions. Epic Recession: Prelude to Global Depression should be required reading for anyone who has a responsibility in formulating public policy. Not that they would adopt any or all of Rasmus' alternative program, but at least they couldn't say they weren't warned." —Chuck Mack, International Vice-President, International Brotherhood of Teamsters
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- PublisherPluto Press
- Publication date2010
- ISBN 10 0745329985
- ISBN 13 9780745329987
- BindingPaperback
- Number of pages340
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Softcover. Condition: Good. 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. Seller Inventory # SONG0745329985
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Epic Recession: Prelude to Global Depression
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Pluto Press, New York, 2010
ISBN 10: 0745329985
ISBN 13: 9780745329987
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