Introduction

The 2008 recession left the United States in deep trouble. With unemployment levels approaching 25 million and banks sustained by trillions of government dollars, are governments and economists understanding the crisis correctly?

About the Book

Examining US economic history, Jack Rasmus reveals how the 2008 global financial crisis is an epic recession. This epic recession is neither a full-blown depression nor a short-lived period of economic contraction, followed by a swift return to growth. Instead, it demands the radical restructuring of the economy through a massive job creation program, nationalisation, a fundamentally different banking structure, and a long-term redistribution of income through better healthcare and benefit systems.

Call to Action

This is a rallying call for trade unionists and radicals who want to ensure that any recession recovery is felt further than Wall Street.