Failure of Laissez Faire Capitalism

ISBN-10: 0986036250
ISBN-13: 9780986036255
Edition: N/A
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Description: Former Wall Street Journal editor, and Assistant Secretary of the US Treasury Paul Craig Roberts book 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  More...

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Book details

List price: $18.95
Publisher: Clarity Press, Inc.
Publication date: 6/1/2013
Binding: Paperback
Pages: 190
Size: 6.00" wide x 8.75" long x 0.50" tall
Weight: 0.594
Language: English

Former Wall Street Journal editor, and Assistant Secretary of the US Treasury Paul Craig Roberts book 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 "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.

Preface to the European Edition
Regulation vs Deregulation
The Error of Free Trade
From Crony Capitalism to Plutocracy
How Much Longer Reserve Currency?
Quo Vadis Europe?
The End of the European National States
Critique of the Growth Model
Introduction
Problems in economic Theory
Microeconomics
Macroeconomics
Free Trade Error
Offshoring Exports Jobs Instead of Products
The Problem of External Costs
Nature's Capital
Planning for a Full World
Failures of Economic Theory Are Pervasive
The Failure of Laissez Faire Capitalism
The New Dispossession
Political Dispossession
Economic Dispossession
Social Dispossession
Offshoring Displaced First World Americans
The Evidence from the Bureau of Labor Statistics
The Myth of Benevolent Globalism
Dissenters from the Myth of Benevolent Globalism
The Decimated American Economy
Unemployment
Inflation
Gross Domestic Product
US Wealth and Income Distribution
Lies That Killed The American Dream: The Science and Technology Skills Shortage Myth
Where Did the Money Go?
Fraud by Banksters
The Conflict of Interest That Masquerades as Government
Death by Globalism
The End of Sovereignty
The Undeclared Agenda
Can Germany Remain a Sovereign Country?
Conclusion
Appendix
Endnotes
Index
Bio: Paul Craig Roberts

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