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Epic Recession Prelude to Global Depression

9780745329987

Epic Recession Prelude to Global Depression

  • ISBN 13:

    9780745329987

  • ISBN 10:

    0745329985

  • Format: Paperback
  • Copyright: 05/15/2010
  • Publisher: UCP

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Summary

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.

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