"Clearly, this empirically based, theoretically challenging book is one of the most important works of our time." Johannes Maruschzick, from the Preface to the German E
dition. ISBN 978-0-9860362-5-5 $18.95 190 pp. 2013 | PAPERBACK EDITION This is the book to read for those who want to understand the agenda that is bringing the West to its knees. THE FAILURE OF LAISSEZ FAIRE CAPITALISM and the Economic Dissolution of the West Towards a New Economics for a Full World by PAUL CRAIG ROBERTS |
"In his inimitable way, Roberts describes how the rhetorical patter talk about free-markets is a cover story for the horror of an extractive asset-stripping operation by publicly-supported private banks and the governments that they control that impoverishes people and the environment. He shows that unrealistic assumptions made by free-trade ideologues have led to the "New Dispossession" and a political and economic race to the bottom, applauded as a success story by junk economists, who ignore the reductions in living standards and rise in environmental instability." Michael Hudson "The Failure of Laissez Faire Capitalism is fearless. It transcends Roberts' illustrious career and prior works of intellectual and practical analysis. We are at the crossroads of a crumbling world where both policies and ideologies have failed. Roberts shows the dangers of clinging to the idea that markets are free and to the belief that unrestrained and unregulated capitalism is positive. Jobs offshoring destroyed middle class prospects, and financial deregulation fostered a rapacious banking industry that has removed itself from market discipline and threatens Western economies with collapse. Roberts' conclusions are sobering, his solutions bold, his book a compelling gift." Nomi Prins This book is a major challenge both to economic theory and to media explanations of the ongoing 21st century economic crisis. It outlines how 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 in financial corporations "too big to fail." Bailouts remove financial corporations from market discipline and force taxpayers in the US and EU to cover banksters' gambling losses.
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CLARITY PRESS, INC. http://www.claritypress.com You are presently listed as a subscriber for press releases from Clarity Press, Inc. To unsubscribe | ABOUT PAUL CRAIG ROBERTS The Honorable Dr. Roberts was Assistant Secretary of the US "Economists who have spent their professional lives rationalizing "globalism" as good for America, have no idea of the disaster that they have wrought..."
"Globalism is a conspiracy against First World jobs..."
"The US is no longer an opportunity society."
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