Economics

Product Description

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.

About The Author

Jack Rasmus is a Professor of Economics at St. Marys College and Santa Clara University. He is a freelance economics journalist and author of The War At Home: The Corporate Offensive From Ronald Reagan To George W. Bush (2006) and several stageplays. He has been a business economist, market analyst, vice-president of the National Writers Union and elected local union president and organizer for various labor unions.

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