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Published: Dec. 31, 2009
Words: 2866 (approximate)
Language: English
Ebook description
When will the 21st Century Depression begin? The same conditions that existed in the 1920's are present today: Growing disparity in wealth between the economic classes, Rising debt, Government Increasing Spending, Tax breaks for the wealthy, Corporations not paying for their problems, and a Reduction in the living wage as the Middle Class is working longer hours.Tags
depression, economy, debt, disparity, credit disparity wealthAvailable ebook reading formats
Single purchase gains access to all formats. How to download ebooks to e-reading devices and apps.| Format | Full Book | Sample First 20% |
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Reviews
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Review by:
Vaqueros
on Jan. 10, 2010 :
This e-book points out some of the deficiencies in our capitalistic system which have developed in the years since the Great Depression. The world has changed and become more complex and interrelated, so some of the content may be oversimplified, but the questions raised in this book do need to be addressed if the U.S. is continue its prosperity and growth into the 21st century. The ever-widening gap of power and wealth between the upper few percent and the rest of the country will inevitably cause our downfall if this trend is not reversed (and I currently live in a second world country so I have personal experience of the peril to society from unfettered avarice at the top).
Mr. Whittman's review is fraught with panic about communism, a politico-economic model which is pretty much disproven and defunct (even China has become a quasi-capitalistic juggernaut now). A rational assessment of U.S. strengths and weaknesses should be welcomed rather than dismissed outright due to 1950-ish fears of a nearly deceased bugaboo.
(review of free book)
Review by:
Daniel Whittman
on Dec. 31, 2009 :
This short piece is another hate the rich and hate the achievers piece. The causes of the great depression were many of the rich losing almost everything in the stock market crash, fear, falling home values, banks failing, and massive unemployment. FDR promised help but like Obama he believed in communism. Like Obama he hated the private sector. He created public work projects paid for by the much bigger federal government. The depression lingered as a consequence until the start of the second world war. FDR had part of four terms to try to institute communism into practice and succeeded to a large extent. Obama is moving the communist manifesto along much better than FDR. If he has two terms with a cooperative congress the second depression will likely occur.
(review of free book)