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ABCs of the Economic Crisis: What Working People Need to Know by Michael D. Yates, Fred Magdoff (Paperback, 2009)

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The economic crisis has created a host of problems for working people: collapsing wages, lost jobs, ruined pensions, and the anxiety that comes with not knowing what tomorrow willbring. Compounding all this is a lack of reliable information that speaks to the realities of workers. Commentators and pundits seem more confused than anyone, and economists--the so-called experts--still cling to bankrupt ideologies that failed to predict the crisis and offer nothing to explain it. In this short, clear, and concise book, Fred Magdoff and Michael D. Yates explain the nature of the economic crisis. Contrary to conventional wisdom, the authors demonstrate that this crisis is not some aberration from a normally benign capitalism but rather the normal and even expected outcome of a thoroughly irrational and destructive system. No amount of tinkering with capitalism, whether it be discredited neoliberalism or the return of Keynesianism and a new New Deal, can overcome the core contradiction of the system: the daily exploitation and degradation of the majority of the world's people by a tiny minority of business owners. While the current economic maelstrom has laid bare the web of greed, corruption, and propaganda that are central to capitalism, only an aroused public, demanding the right to health care, decent employment, a secure old age, and a clean and healthy environment, can lead the United States and the world out of the worst crisis since the Great Depression and toward a system of production and distribution conducive to human happiness. This book is aimed primarily at working people, students, and activists, who want not just to understand the world but to change it.

Product Identifiers

Publisher
Monthly Review Press,U.S.
ISBN-13
9781583671955
eBay Product ID (ePID)
95512543

Product Key Features

Author
Michael D. Yates, Fred Magdoff
Publication Name
Abcs of the Economic Crisis: What Working People Need to Know
Format
Paperback
Language
English
Subject
Economics
Publication Year
2009
Type
Textbook
Number of Pages
144 Pages

Dimensions

Item Height
229mm
Item Width
152mm

Additional Product Features

Title_Author
Fred Magdoff, Michael D. Yates
Country/Region of Manufacture
United States

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ABCs of the Economic Crisis: What Working People Need to Know by Michael D. Yates, Fred Magdoff (Paperback, 2009)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best Selling in Adult Learning & University

Time Management by Peter Quarry (Paperback, 1986)

Complete Illustrated Encyclopedia of Dinosaurs & Prehistoric Creatures by Dixon Dougal (Paperback, 2014)

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Save on Adult Learning & University

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