The Rise and Fall of Neoliberal Capitalism
Book description
The financial and economic collapse that began in the United States in 2008 and spread to the rest of the world continues to burden the global economy. David Kotz, who was one of the few academic economists to predict it, argues that the ongoing economic crisis is not simply the…
Why read it?
1 author picked The Rise and Fall of Neoliberal Capitalism as one of their favorite books. Why do they recommend it?
In addition to its excellent coverage of the economics of this transformation, its historical account of the shift in class partnerships makes a unique contribution to our understanding of the period. In the Golden Age of the previous period Big Business maintained a fraught alliance with its unions willing to pay growing wages closely aligned with labor productivity growth with the grudging acceptance of higher taxes and regulations of the Keynesian era leaving small business to fend for itself. Once Japan and Germany reindustrialized creating a more competitive economic landscape Kotz describes the full-blown class warfare identified by Buffet as…
From Robert's list on class warfare and that the wrong class is winning.
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