Contours Of Descent: U.S. Economic Fractures And The Landscape Of Global Austerity

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Pollin, Robert

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ISBN:9781844675340
Editorial: Verso Books
Fecha de la edición:2005
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Nº Pág.:288
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/ Estructura Económica

The U.S. economy faced the prospect of a serious recession even prior to the September 11 terrorist attacks. The afflictions that had deepened under both Bill Clinton and George W. Bush - wage stagnation, rising inequality and wildly inflated stock markets - sharpened further. The highly unstable conditions that Clinton handed to Bush were hardly noticed amid the near-universal praise for the economic stewardship of Clinton and his supposed policy maestro, Federal Reserve Chair Alan Greenspan. This book shows how these variants of neo-liberal economics, which lavish favours on multinationals and capitalists while allowing living standards for ordinary people to fall, operate in the US and less developed countries, and explores policies for economic growth with increased equality.