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Genre = Economics
There is a repetition in a certain type of crisis. Every eighty years, there is a revolt against those who concentrated much of the nation’s wealth and power. Hartmann calls them the Royalists. After the revolution it takes about eighty years for those who have lived the previous crises to die, which allows people to forget the prior revolution. During the time, the Royalists concentrate wealth and power, and will again be needed to be revolted against.
Income goes from the poor to the rich via policies designed. Politics have been bought by corporations who use their power to create monopolies. If the wealthy were to actually spend relative to their income, there would still be plenty of employment but they do not spend that much. Lower taxes which were meant to increase investment, went to profits and cash reserves overseas rather. To support the views of the Royalists, money is devoted to universities, think tanks, and other influences.
This book has a powerful message but it is mired in its tone. This was written as an attack on certain ideas. The ideas and the events which they have precipitated are simplified to a grotesque version. The supported ideas are simplified as to imagine them perfect and undeniable. This creates a perception that the author is not expressing the views appropriately. The author’ misuse of the examples creates a pretense to his claims. Making it possible for those who believe the claims, to doubt them rather than support them. This is a problem because in later chapters when the author is showing the complexity of a situation, it becomes much harder to accept simply because of the way the author presented the prior cases.
Pages to read: 284
1st Edition: 2014
Ratings out of 5: