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The collapse of the first world middle class
The collapse of the first world middle class
b Neoliberalism has depleted the western world and will now make the world gloomy! b
Paul Craig Roberts, author of this book, And is an American economist and independent journalist who successfully solved stagflation, which was a chronic ill-nature of the US economy since the mid-1970s. The book, titled "The Failure of Liberal Capitalism and the Dismantling of the Western Economy," was published in Germany, Austria and Switzerland before it was published in the United States. In this book, he raises fundamental questions in an analytical and empirical manner on why poverty is spreading to the advanced economies called the First World in the global economic system and how European countries are undergoing political turmoil. In this book, Roberts argues that, while mainstream economists are underpinning the new economy of globalism, Roberts argues that deregulation and offshore migration, the forces of the New Economy, Warns that it is bringing about the destruction of the environment and the gap between the rich and the poor. Furthermore, he is suggesting a concrete way to restore the present US economy and the way Europe must move away from the failed economics of today and turn to the new economics. Rather than telling the simple domestic solution of seeking to help the poor by taking more tax to the rich to look at the current world economic problems, globalism, which has destroyed the first world middle class and is the main cause of the third world environmental devastation, It is complicated that it is not profitable at all and dissecting economic theory which became the shield of globalism.
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b Neoliberalism has depleted the western world and will now make the world gloomy! b
Paul Craig Roberts, author of this book, And is an American economist and independent journalist who successfully solved stagflation, which was a chronic ill-nature of the US economy since the mid-1970s. The book, titled "The Failure of Liberal Capitalism and the Dismantling of the Western Economy," was published in Germany, Austria and Switzerland before it was published in the United States. In this book, he raises fundamental questions in an analytical and empirical manner on why poverty is spreading to the advanced economies called the First World in the global economic system and how European countries are undergoing political turmoil. In this book, Roberts argues that, while mainstream economists are underpinning the new economy of globalism, Roberts argues that deregulation and offshore migration, the forces of the New Economy, Warns that it is bringing about the destruction of the environment and the gap between the rich and the poor. Furthermore, he is suggesting a concrete way to restore the present US economy and the way Europe must move away from the failed economics of today and turn to the new economics. Rather than telling the simple domestic solution of seeking to help the poor by taking more tax to the rich to look at the current world economic problems, globalism, which has destroyed the first world middle class and is the main cause of the third world environmental devastation, It is complicated that it is not profitable at all and dissecting economic theory which became the shield of globalism.
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Published August 30, 2016
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