How the Economy Was Lost: The War of the Worlds |

How the Economy Was Lost: The War of the Worlds

CounterPunch/AK Press 2010

The US economy has disintegrated, and with it into the abyss plummet the blueprints of neoliberal economists, whose theories about “the free market” have now gone the way of medieval alchemy. No voice has been stronger, no prose more forceful, than that of Paul Craig Roberts in predicting collapse. His weekly columns in CounterPunch have won an audience of millions around the world, grateful for a trained economist who can explain lucidly how the well-being of the planet has been held hostage by the gangster elite. Now Dr. Roberts has written the shortest, sharpest outline of economics for the twenty-first century ever put between book covers. He traces the path to ruin and lays out the choices that must be made. There is the “empty world” of corporate exploitation, abetted by the vast majority of economists; or the “full world” of responsible management and distribution of our resources. Amid crisis, this is the guide you’ve been waiting for.

[An interesting interpretation of “empty” and “full” worlds. Actually, Roberts uses “empty world” to designate one in which man-made capital is scarce and nature’s capital is plentiful. A “full world” designates the opposite. Today we live in a “full world,” but economic theory is based on an “empty world.]

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"Outstanding summary of a vitally important issue to all Americans! This compact little book is densely packed with the missing explanation of why the American economy is in such a mess. I use the term missing to indicate the almost non-existence of mention in the Main Stream Media."

Amazon Review by Sidewalk Sam

"This book should be read by all U.S. Citizens. A look on how companies only care about cheap labor at the expensive of the working people.Not caring how many jobs are lost for U.S. citizens,and giving those jobs to overseas workers.A wake up call for all the people of U.S.wake up, or your job may be next.And how the rich keep getting rich,while the working people get screw. "

Amazon Review by MI7 “MAJESTIC 7”

"Now Dr. Roberts has written the shortest, sharpest outline of economics for the twenty-first century ever put between book covers. Amid crisis, this is the guide you’ve been waiting for."