Contours of Descent: US Economic Fractures and the Landscape of Global AusterityVerso, 2005 M10 17 - 270 páginas In 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 US 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 US itself, when such policies have most benefited the interests of business. At the same time, through the IMF, the US 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 US and throughout the less developed countries, drawing ong the spreading movements for living wages, the Tobin Tax on financial speculation, and more generally workable alternatives to neoliberal globalization. |
Contenido
Neoliberal Consensus Clinton Bush Greenspan IMF | 3 |
Clintonomics The Hollow Boom | 21 |
The Down Side of Fabulous | 49 |
Money Grab and Recession The Bush Economy | 77 |
The Landscape of Global Austerity | 125 |
Another Path Is Possible | 173 |
Afterword to the 2005 Edition | 195 |
US Macroeconomic Trends 19602000 by NBER Cycle Data Groupings | 227 |
A Phillips Curve Model With Unit Labor Costs | 231 |
Measuring the Impact of Alternative Influences on the Federal Fiscal Budget | 241 |
Notes | 243 |
263 | |
Otras ediciones - Ver todas
Contours of Descent: U.S. Economic Fractures and the Landscape of Global ... Robert Pollin Vista previa limitada - 2003 |
Contours of Descent: U.S. Economic Fractures and the Landscape of Global ... Robert Pollin Vista de fragmentos - 2003 |
Contours of Descent: U.S. Economic Fractures and the Landscape of Global ... Robert Pollin Vista de fragmentos - 2003 |
Términos y frases comunes
agenda Alan Greenspan alternative Argentina assets basic benefits billion boom budget Bush Bush's capital Chapter Clinton administration Clinton presidency collapse corporate country's crisis debt decline deregulation dollar economic growth economic policy economists effects exports factors fall Federal Funds rate Federal Reserve figures financial markets firms fiscal deficit Forecast foreign free market global government spending growth rate households income increase inequality inflation rate interest rates investment investors labor market less developed countries long-term macroeconomic major measures ment NAIRU neoliberal neoliberal policies overall period political poor poverty rate problems productivity growth Reagan real wages recession regulations relative revenues rich rise Robert Pollin Robert Rubin sector social stock market bubble stock prices surpluses sweatshops Table tax cuts term terrorist tion trade U.S. dollar U.S. economy U.S. government unemployment rate unit labor costs Wall Street Washington Consensus wealth effect World Bank
Referencias a este libro
The Death of Social Democracy: Political Consequences in the 21st Century Ashley Lavelle Vista previa limitada - 2008 |
Multinationals on Trial: Foreign Investment Matters James F. Petras,Henry Veltmeyer Vista previa limitada - 2007 |