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The endless crisis : how monopoly-finance capital produces stagnation and upheaval from the U.S.A. to China by John Bellamy Foster; Robert Waterman McChesney is a business book available to read on EtoBox.

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<br>The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy-when a handful of large firms dominate one or several industries-leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the f

Who reads The endless crisis : how monopoly-finance capital produces stagnation and upheaval from the U.S.A. to China?

Author

John Bellamy Foster; Robert Waterman McChesney

Publisher

Monthly Review Press

Published

2012

Language

EN

ISBN

9781583673133

Category

business

Subjects

Economics, Business

Rating

4.4 / 5 (19 ratings)

Updated

2026-03-14