The Failure of Laissez Faire Capitalism and Economic

The Failure of Laissez Faire Capitalism and Economic Dissolution of the West

This very readable book by a distinguished economist, Wall Street Journal editor, and Assistant Secretary of the US Treasury is a major challenge both to economic theory and to media explanations of the ongoing 21st century economic crisis. The one percent have pulled off an economic and political revolution. By offshoring manufacturing and professional service jobs, US corporations destroyed the growth of consumer income, the basis of the US economy, leaving the bulk of the population mired in debt. Deregulation was used to concentrate income and wealth in fewer hands and financial firms in corporations â€œtoo big to fail,â€ removing financial corporations from market discipline and forcing taxpayers in the US and Europe to cover bankster losses. Environmental destruction has accelerated as economists refuse to count the exhaustion of natureâ€™s resources as a cost and as corporations impose the cost of their activities on the environment and on third parties who do not share in the profits. This is the book to read for those who want to understand the mistakes that are bringing the West to its knees.
Country USA
Manufacturer Atwell Publishing
Binding Kindle Edition
ReleaseDate 2013-02-02
Format Kindle eBook

The Failure of Laissez Faire Capitalism and Economic Dissolution of the West