Unsustainable
Subtitle: How Economic Dogma is Destroying American Prosperity
Edition: Rev Sub edition
Publisher: Nation Books
Published: October 7, 2003
Language: eng
Format: Paperback
Number of pages: 224
ISBN-13: 9781560255147
Subjects: OECD countries; United States; Manufacturing Industries (Economic Aspects); Business & Economics; Politics / Current Events; Politics/International Relations; Manufacturing industries; History & Theory - General; Industries - General; Political Science / History & Theory; Forecasting; Economics - Theory; Industries
First sentence: Time was you could you hardly pick up a newspaper without reading glowing accounts of the golden prospects supposedly in store for the United Sates in the so-called postindustrial era.
Description: When financial journalist Eamonn Fingleton anticipated the meltdown of the New Economy in the late nineties, his predictions were dismissed by mainstream economic writers as "farfetched." Now, with the New Economy in ruins and America mired in recession, Fingleton's avowedly contrarian take on mainstream economic thinking is all the more urgent. Written in clear, lucid prose that renders the complexity of the world economy clear to the general reader, Unsustainable is a masterly survey of how the U.S. economy's turn from manufacturing to a more service-based, "postindustrial" economy--based on finance, entertainment, and computer software--has been an unmitigated disaster for working- and middleclass America and threatens the long-term viability of the U.S. economy. Taking on free market ideologues like Thomas Friedman, Fingelton shows how those who claim that a global service economy is the key to America's salvation are living in a fool's paradise. Completely revised and updated, this timely contribution is an indispensable survey of American's economic downturn.