Epic Recession

Prelude to Global Depression

Business & Finance, Economics, Theory of Economics, Economic History
Cover of the book Epic Recession by Jack Rasmus, Pluto Press
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Author: Jack Rasmus ISBN: 9781783714520
Publisher: Pluto Press Publication: May 12, 2010
Imprint: Pluto Press Language: English
Author: Jack Rasmus
ISBN: 9781783714520
Publisher: Pluto Press
Publication: May 12, 2010
Imprint: Pluto Press
Language: English

The 2008 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? *BR**BR*Examining US economic history, Jack Rasmus reveals how the 2008 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.*BR**BR*This is a rallying call for trade unionists and radicals who want to ensure that any recession recovery is felt further than Wall Street.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The 2008 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? *BR**BR*Examining US economic history, Jack Rasmus reveals how the 2008 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.*BR**BR*This is a rallying call for trade unionists and radicals who want to ensure that any recession recovery is felt further than Wall Street.

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