Endless Crisis McChesney Robert W.
Endless Crisis McChesney Robert W. The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Instead, growth has been slow, unemployment has remained…
Specifikacia Endless Crisis McChesney Robert W.
Endless Crisis McChesney Robert W.
The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed.
The authors point out that increasing monopolization of the economy--when a handful of large firms dominate one or several industries--leads to It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation.This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation.