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Commentary :: Labor
The great austerity war
30 Mar 2012
The great austerity war: what caused the US deficit crisis and who should pay to fix it?
The right-wing coalition has been so successful over recent decades that the long-run challenges facing the country today are daunting. The US economy no longer serves the needs of the majority of Americans and the global neoliberal capitalist system within which it is embedded is in crisis. A second global financial disaster is not unlikely in the intermediate future. We need radical changes in both our economic and political systems.
to read the 26-page pdf article by James Crotty published in the Cambidge Journal of Economics 2012, 36, 79-104, click on
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