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Unsustainable: How Economic Dogma is Destroying American Prosperity
Unsustainable How Economic Dogma is Destroying American Prosperity Author:Eamonn Fingleton 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, Fingletons avowedly contrarian take on mainstream economic thinking is all the more ur... more »gent. 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. economys turn from manufacturing to a more service-based, "postindustrial" economybased on finance, entertainment, and computer softwarehas 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 Americas salvation are living in a fools paradise. Completely revised and updated, this timely contribution is an indispensable survey of American's economic downturn.« less