Paper $40.00 ISBN: 9780745329987 Published May 2010 For Sale in All Americas and the Caribbean except Canada
Cloth $120.00 ISBN: 9780745329994 Published May 2010 For Sale in All Americas and the Caribbean except Canada

Epic Recession: Prelude to Global Depression

Jack Rasmus

Epic Recession: Prelude to Global Depression

Jack Rasmus

Distributed for Pluto Press

352 pages | 5.90551 x 9.05512
Paper $40.00 ISBN: 9780745329987 Published May 2010 For Sale in All Americas and the Caribbean except Canada
Cloth $120.00 ISBN: 9780745329994 Published May 2010 For Sale in All Americas and the Caribbean except Canada

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.

Contents

Ch. 1: The Weakest, Most Lopsided Recovery
Ch. 2: Obama's 1st Recovery Program (2008)
CH. 3: Obama's 2nd Recovery Program (2009)
Ch. 4: The 1st Economic Relapse of 2010
CH. 5: Obama's 3rd Recovery Program (2010)
Ch. 6: Historical Parallels and Midterm Elections: 2010 vs. 1934/1938 & 1978
Ch. 7: Deficit Cutting on the Way to Double Dip Recession
Ch. 8: The 2nd Economic Relapse of 2011
Ch. 9: Obama's 4th Recovery Program (2011)
Ch. 10: Alternative Program for Economic Recovery (A concise summary of immediate, intermediate and long term proposals)
Appendix A: A Short Note on History and Theory

For more information, or to order this book, please visit http://www.press.uchicago.edu
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