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Epic Recession

Epic Recession

Authors
Publisher Pluto Press
Year 12/05/2010
Edition First
Version eBook: Fixed Page eTextbook (PDF)
Language English
ISBN 9781849644525
Categories Economic theory & philosophy, Financial crises & disasters
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Book description

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?

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.

This is a rallying call for trade unionists and radicals who want to ensure that any recession recovery is felt further than Wall Street.

Epic Recession

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