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Informationen zum Autor Jack Rasmus is a Professor of Economics at St Marys College and Santa Clara University, both in California. He is author of Obama's Economy: Recovery for the Few (Pluto, 2012) and Epic Recession: Prelude to Global Depression (Pluto, 2010). He has been a business economist, market analyst and vice-president of the National Writers Union. Klappentext With the US still reliant on regular liquidity injections and government bail-outs, an quick end to the economic crisis seems increasingly remote. In "Epic Recession And Financial Crisis, " Jack Rasmus argues 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, nationalizations, a fundamentally new kind of banking structure and a long-term redistribution of income through better healthcare and benefit systems."Epic Recession And Financial Crisis "provides a rallying point for trade unionists and concerned citizens who want to ensure that any recovery is felt further than Wall street. Zusammenfassung A fresh perspective on the economic crisis that argues that we are experiencing a recession on an unprecedented scale
