Former Wall Street Journal Editor, And Assistant Secretary Of The Us Treasury Paul Craig Roberts Book Is A Major Challenge Both To Economic Theory And To Media Explanations Of The Ongoing 21st Century Economic Crisis. The One Percent Have Pulled Off An Economic And Political Revolution. By Offshoring Manufacturing And Professional Service Jobs, Us Corporations Destroyed The Growth Of Consumer Income, The Basis Of The Us Economy, Leaving The Bulk Of The Population Mired In Debt. Deregulation Was Used To Concentrate Income And Wealth In Fewer Hands And Financial Firms In Corporations Too Big To Fail, Removing Financial Corporations From Market Discipline And Forcing Taxpayers In The Us And Europe To Cover Bankster Losses. Environmental Destruction Has Accelerated As Economists Refuse To Count The Exhaustion Of Nature's Resources As A Cost And As Corporations Impose The Cost Of Their Activities On The Environment And On Third Parties Who Do Not Share In The Profits. This Is The Book To Read For Those Who Want To Understand The Mistakes That Are Bringing The West To Its Knees. --publisher Description. Endorsements -- About The Author -- Preface To The European Edition / By Johannes Maruschzik -- Regulation Vs Deregulation -- The Error Of Free Trade -- From Crony Capitalism To Plutocracy -- How Much Longer Reserve Currency? -- Quo Vadis Europe? -- The End Of The European National States -- Critique Of The Growth Model -- Introduction / By Paul Craig Roberts -- Problems In Economic Theory -- Microeconomics -- Macroeconomics -- Free Trade Error -- Offshoring Exports Jobs Instead Of Products -- The Problem Of External Costs -- Nature's Capital -- Planning For A Full World -- Failures Of Economic Theory Are Pervasive -- The Failure Of Laissez Faire Capitalism -- The New Dispossession -- Political Dispossession -- Economic Dispossession -- Social Dispossession -- Offshoring Displaced First World Americans -- The Evidence From The Bureau Of Labor Statistics -- The Myth Of Benevolent Globalism -- Dissenters From The Myth Of Benevolent Globalism -- The Decimated American Economy -- Unemployment -- Inflation -- Gross Domestic Product -- Us Wealth And Income Distribution -- Lies That Killed The American Dream : The Science And Technology Skills Shortage Myth -- Where Did The Money Go? -- Fraud By Banksters -- The Conflict Of Interest That Masquerades As Government -- Death By Globalism -- The End Of Sovereignty -- The Undeclared Agenda -- Can Germany Remain A Sovereign Country? -- Conclusion -- Appendix. By Paul Craig Roberts. Includes Bibliographical References And Index.

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