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

Towards a New Economics for a Full World

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 “too big to fail,” 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 nature’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.



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The Tyranny of Good Intentions How the Economy Was Lost The Supply-Side Revolution Alienation and the Soviet Economy Marx's Theory of Exchange, Alienation, and Crisis Meltdown: Inside the Soviet Economy The New Color Line The Capitalist Revolution in Latin America Chile: Dos Visiones La Era Allende-Pinochet