Epic Recession: Prelude to Global Depression

by Jack Rasmus

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 0745329985
• ISBN13: 9780745329987
• Release Date: January 2010
• Publisher: Pluto Press (UK)
• Length: 352 Pages
• Weight: 1.25 lbs.
• Dimensions: 1.0" x 5.9" x 8.8"