Why am I passionate about this?
Neoliberalism and I have grown up in opposition to one another over the past four decades. As a professor of economics, union, and political activist I have observed, wrote about, and resisted its effects on the life chances of the great majority of its citizens with particular focus on the United States as its primary protagonist and gatekeeper. The opposition to this transformative epoch included writing about the significant contributions of my profession to Neoliberal economics in two previous books; The Profit Doctrine: The Economists of the Neoliberal Era and Economics in the 21st Century: A Critical Perspective.
Robert's book list on class warfare and that the wrong class is winning
Why did Robert love this book?
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 Big Business realigned with small business to fight for cuts to its wages, taxes, regulatory costs and unions, and progressive politics.
1 author picked The Rise and Fall of Neoliberal Capitalism as one of their favorite books, and they share why you should read it.
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 aftermath of financial panic and an unusually severe recession but instead is a structural crisis of neoliberal, or free-market, capitalism. Consequently, continuing stagnation cannot be resolved by policy measures alone. It requires major institutional restructuring.
"Kotz's book will reward careful study by everyone interested in the question of
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