The Great American Economy

The Great American Economy

How Inefficiency Broke It and What We Can Do to Fix It

Book - 2017
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Many Americans feel that the economy is no longer working for them and that "the American Dream" has become a sham. This book explains the underlying reasons for this gloomy outlook and lays out a clear plan for making the American economy work for everyone, not just the one percent.
The heart of the problem, says economist Steve Slavin, is gross inefficiency. Since the end of World War II, America has been wasting vast amounts of its resources. As examples he cites the following key sectors-

aaaoaHealthcare--we spend nearly twice as much as other industrialized nations but achieve no better results;

aaaoaEducation--just half of our eighteen-year-olds can function at an eighth-grade level, while many European and Asian countries do far better educating their young people;

aaaoaTransportation--by relying on cars instead of mass transit, we spend much more than comparable nations;

aaaoaThe military--several decades after the Cold War our military budget continues to be almost 40 percent of the world's total military spending, while few politicians ever question the necessity for such massive outlays.

In these areas and other sectors of the economy, Slavin proposes sweeping changes to eliminate inefficiency. These would include a restructuring of our healthcare system to make it affordable for all, a major push toward public transportation, increased emphasis on quality results from our education system, ways to eliminate waste throughout our vast military-industrial complex, and a renewed emphasis on manufacturing.
Refreshingly clear and readable, The Great American Economy will appeal to readers who want to learn what went wrong with our economy and how to fix it.
Publisher: Amherst, NY : Prometheus Books, c2017
ISBN: 9781633883055
Branch Call Number: 330.973 SL16G 2017
Characteristics: 414 pages : illustrations ; 24 cm


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Oct 12, 2017

When the top private equity/leveraged buyout scavenger firm, the Blackstone Group, went public their tax rate - - which had been at the capital gains rate - - should have risen to the corporate tax rate, yet it did not. Why? Because they bought several congressional types who legislated a change, enabling the Blackstone Group to sell // units \\ instead of stock shares, thus a weaselly change in semantics enables wholesale thievery!
Now why don't all corporations do this? One assumes they all don't have the extra coin to buy up all those congressional critters - - lots of competition in that market!
Take a look at this map at the link below (from Daily Kos, depicting America's state legislatures after the 2016 presidential election) - - it is the outcome of billions of dollars spent by the Koch brothers over many years, especially through their ALEC operation (America Legislative Exchange Committee).

Now this author expects his readership to be so simpleton as to accept that everything just happens, these aren't crimes by design, rigged markets, et cetera, et cetera, et cetera!
Either he's a complete dolt and donkey's rear end, or a professional misinformationist?
In any event, this book is simply not to be believed!? An epochal book far more worthy of being read, which explains everything so much better, is Ferdinand Lundberg's book, The Rich and the Super-Rich - - written decades ago, but far more current than this nonsense!
Anyone who remotely believes this book should begin reading:
And any and all GAO reports . . .
The author does need to study up on the conspiracy statutes in federal law, beginning with 18 USC Section 793.
Next up? A book on the founding of a foundation to raise awareness that the sky is blue!

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