Contours of Descent
U.S. Economic Fractures and the Landscape of Global Austerity
By (author) Robert Pollin
Contours of Descent by Robert Pollin
Book DescriptionIn the past twenty-five years the free-market neoliberal model has been hailed as a panacea for economic ills in both the advanced economies and the developing world. Pollin dissects this model as it has been implemented in the U.S. during the Clinton and Bush administrations under Greenspan's Chairmanship of the Federal Reserve, and in developing countries under the auspices of the IMF. Clinton's Third Way Policies were hailed as combining a pro-business stance with social responsibility. This approach seemed to be vindicated by the extraordinary fall in both inflation and unemployment. In fact, the apparent successes of the Clinton years were based on anti-labor policies, the stagnation of real wages, deregulation of financial markets, and an historically unprecedented stock market boom. Even before 9/11 there were indications that the Clinton bubble would collapse into recession. Bush's response was to give big tax breaks to the rich, introduce more anti-labor measures, and cut social spending at both the federal and state levels. Both Clinton and Bush have applied free-market policies only selectively within the U.S. itself, when such policies have most benefited the interests of business. At the same time, through the IMF, the U.S. has compelled developing countries to slash public spending, deregulate financial markets and dismantle trade barriers virtually across the board. Argentina's embrace of this policy package culminated in financial ruin. Throughout Asia and Africa, sweatshops and poverty are the testaments to a bankrupt economic model. Pollin concludes by exploring concrete proposals that would promote full employment, economic growth and increased equality in the U.S. and throughout the less developed countries, drawing on the spreading movements for living wages, the Tobin Tax on financial speculation, and more generally workable alternative to neoliberal globalization.
Buy Contours of Descent book by Robert Pollin from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9781844675340
(191mm x 140mm x 19mm)
Imprint: Verso Books
Publisher: Verso Books
Publish Date: 1-May-2005
Country of Publication: United Kingdom
Books By Author Robert Pollin
Measure of Fairness, Paperback (January 2008)
In early 2007, there were approximately 140 living wage ordinances in place throughout the United States. Communities around the country frequently debate new proposals of this sort. Additionally, as a result of ballot initiatives, twenty-nine states...
Globalization and Progressive Economic Policy, Paperback (November 1998)» View all books by Robert Pollin
Prominent economists analyze the impact of the emerging global economy on national sovereignty and standards of living.
» Have you read this book? We'd like to know what you think about it - write a review about Contours of Descent book by Robert Pollin and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Robert Pollin
Robert Pollin is Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst. Among his many books are The Living Wage (with Stephanie Luce) and the edited volume Transforming the US Financial System (with Gary Dymski and Gerald Epstein).
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-5pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.