Epic Recession: Prelude to Global Depression (Hardcover) (ISBN-13: 9780745329994)

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.

Author: Jack Rasmus
ISBN-10: 0745329993
ISBN-13: 9780745329994
Publisher: Pluto Press (UK)
Language: English
Published: 06/22/2010
Pages: 352
Format: Hardcover
Weight: 1.40lbs
Size: 9.10h x 5.90w x 1.00d

Review Citation(s):
Reference and Research Bk News 04/01/2011 pg. 82