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- Epic Recession: Prelude to Global Depression.
- Epic Recession?
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Epic Recession: Prelude to Global Depression - AbeBooks - Jack Rasmus:
Description The recession left the United States in deep trouble. With unemployment levels approaching 25 million and banks sustained by trillions of government dollars, are governments and economists understanding the crisis correctly?
Examining US economic history, Jack Rasmus reveals how the global financial crisis is an 'epic recession'. This 'epic recession' is neither a full-blown depression nor a short-lived period of economic contraction, followed by a swift return to growth, instead it demands the radical restructuring of the economy through a massive job creation program, nationalisation, a fundamentally different banking structure and a long-term redistribution of income, through better healthcare and benefit systems. This is a rallying call for trade unionists and radicals who want to ensure that any recession recovery is felt further than Wall Street.
He has been a business economist, market analyst and vice-president of the National Writers Union. Free Returns We hope you are delighted with everything you buy from us.
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However, if you are not, we will refund or replace your order up to 30 days after purchase. Terms and exclusions apply; find out more from our Returns and Refunds Policy. Epic recession : prelude to global depression by Jack Rasmus 14 editions published in in English and held by 1, WorldCat member libraries worldwide ""A great book [full of] extensive research, thoughtful analysis and articulate writing. 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 Recesssion should be required reading for anyone who has a responsibility in formulating public policy. The largest banks are sustained by trillions of government dollars. More than 20 million people are unemployed, and up to 10 million homes--one in five--are projected to foreclose. Jack Rasmus shows that we need a new way of understanding the crisis if things are to improve.
The economy faces an extended period of stagnation that may yet descend into depression.
Rasmus demonstrates that the only way to prevent the onset of depression is to radically restructure the economy through a massive job creation program, nationalization of the mortgage and consumer credit markets, new banking and tax structures, and a long-term redistribution of income through better healthcare and retirement systems.
Obama's economy : recovery for the few by Jack Rasmus 10 editions published in in English and held by WorldCat member libraries worldwide "Three years after his election, Barack Obama presides over a deep economic malaise. Radical economist Jack Rasmus shows how the Obama administration has failed to deliver economic recovery and social justice and puts forward alternative proposals which could realize these goals. Whilst corporate profits are up, economic hardship is the bitter reality for millions of US citizens.
Rasmus argues that the weakest economic recovery since is the direct result of the Obama administration's failure to take decisive action. From Obama's presidential election to the passage of his budget, this book explains how the US economy got where it is today and why the risk of a 'double dip' recession is rising.
Systemic fragility in the global economy by Jack Rasmus 10 editions published in in English and held by WorldCat member libraries worldwide Just as contemporary economics failed to predict the crash, and over-estimated the subsequent brief recovery that followed, economists today are again failing to accurately forecast the slowing global economic growth, the growing fragility, and therefore rising instability in the global economy. This book offers a new approach to explaining why mainstream economic analyses have repeatedly failed and why fiscal and monetary policies have been incapable of producing a sustained recovery.
Expanding upon the early contributions of Keynes, Minsky and others, it offers an alternative explanation why the global economy is slowing long term and becoming more unstable, why policies to date have largely failed, and why the next crisis may therefore prove even worse than that of Systemic fragility is rooted in 9 key empirical trends: slowing real investment; a drift toward deflation; money, credit and liquidity explosion; rising levels of global debt; a shift to speculative financial investing; the restructuring of financial markets to reward capital incomes; the restricting of labor markets to lower wage incomes; the failure of Central Bank monetary policies; and the ineffectiveness of fiscal policies.
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It results from financial, consumer, and government balance sheet fragilities exacerbating each other -- creating a massive centripetal force disaggregating and tearing apart the whole, untameable by either fiscal or monetary means. This book clarifies how the price system in general, and financial asset prices in particular, transform into fundamentally destabilizing forces under conditions of systemic fragility. It explains why the global system has in recent decades become dependent upon, and even addicted to, massive liquidity injections, and how fiscal policies have been counterproductive, exacerbating fragility and instability.
Looting Greece : a new financial imperialism emerges by Jack Rasmus 10 editions published in in English and held by WorldCat member libraries worldwide.
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