Michael Meeropol argues that the ballooning of the federal budget deficit was not a serious problem in the 1980s, nor were the successful recent efforts to get it under control the basis for the... This description may be from another edition of this product.
At the time when we are in the middle of the most serious financial crisis since the Great Depression, we should appreciate the insight of this book. Prof. Meeropol covered the period of time when this current crisis was in the making. According to this book, the so call "financial" crisis we are suffering now is, in fact, a social crisis. Social inequality and the uncontrollable wild drive toward capitalist profit seeking can be regarded as the fundamental cause of the current economic crisis, while the economic and public policies formulated and administered by the Reagan, Bush Sr., and Clinton administrations promoted the unbalanced power dynamic between the capitalist Wall Street and the public Main Street. I spent my last weekend reading this book and believe it is worth reading.
An important historical analysis of our political economy.
Published by Thriftbooks.com User , 27 years ago
A well reasoned and factually based crtique of the historical record of Ronald Reagan, George Bush and William Jefferson Clinton. All three have served the interests of the wealthy and not the working people of the United States. Our economy is in danger because the wealthy do not wish to work and the working people are not in good wealth or health. A dose of democracy might do our system some good. A tax increase on the upper class would be a small step forward. This book needs to be read and we should heed its lessons.
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