Jack Rasmus Livres

"While the capitalist system has undergone numerous restructurings throughout its history, the capitalist elites' purpose in elaborating these changes has remained the same: to restore and/or extend their hegemony over domestic class and global challengers. The current systemic designation, operative since 1978, is "neoliberalism," deployed to obfuscate what in actuality is US imperialism and domestic class warfare. The Scourge of Neoliberalism describes the origins and evolution of the specifically American form of Neoliberalism. Its expansionary phase--from 1978 to 2008--was disrupted by the global crash and crisis of 2008-09 and was only partially restored by the Obama regime thereafter. Trump's attempt to resuscitate Neoliberalism has led to the emergence of a new, more aggressive and virulent form which, despite some gains, is nonetheless a destabilizing policy regimen destined to break down with the next global economic crisis, which is likely occur by 2020. The political consequences of US neoliberal policy evolution and restoration efforts have led, on the one hand, to the breakdown of government institutions, the decline of mainstream political parties, the atrophy of democratic practices, rights and values, and attacks on civil liberties, and on the other to the embedding of the Neoliberal credo that business tax cuts create jobs, free trade benefits all, low interest rates generate investment, entitlement programs are the cause of government deficits, markets are always efficient, recessions are caused by external shocks to an otherwise stable equilibrium system, and similar empirically unverifiable propositions. In describing the evolution of Neoliberal policies from Reagan through Clinton, the Bushes, Obama, and Trump presidencies, Rasmus shows how they have played a central enabling role in the financialization of the US capitalist economy, in its ever-growing income and wealth inequality gaps, and in the increasing polarization of US society and polity"--Bookdepository.com

The book presents the concept of an "Epic Recession," distinguishing it from typical economic downturns by highlighting its prolonged nature and the need for significant structural changes. Rasmus emphasizes that simply relying on liquidity injections and bailouts will not suffice. He advocates for a comprehensive job creation initiative, nationalization of key industries, and a revamped banking system, alongside improved healthcare and social benefits. This work serves as a call to action for trade unionists and citizens seeking a more equitable economic recovery.

An ambitious account spans a millennium of Russian history, showcasing the insights of leading writer Boris Kagarlitsky. The narrative delves into the complexities of Russia's past, exploring key events, cultural shifts, and the evolution of its society. Through a thorough examination, the book provides a unique perspective on the forces that have shaped modern Russia, making it an essential read for those interested in understanding the country's historical context and its implications for the present.

Exploring the history and evolution of central banking in the United States, this book delves into its establishment in 1913 as one of the last major economies to do so. It highlights the central bank's critical functions, including its role as an aggregator of private lending and its responsibilities as the government's fiscal agent, providing a comprehensive understanding of its significance in the financial system.

Central banks are becoming a force of economic destabilisation in the 21st century. The basic functions of central banks-whether managing money supply, supervising private banks, bailing out failing banks, stabilising prices, promoting real investment, employment and growth-have all entered a state of increasing decay, breakdown and failure.