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 2009, hopes for a new phase of economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement,
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 leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result.
