The United States is in the midst of an economic implosion that could make the Great Depression look like child's play. Read more...
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The United States is in the midst of an economic implosion that could make the Great Depression look like child's play. In THE CRASH OF 2016, Thom Hartmann argues that the facade of our once-great United States will soon disintegrate to reveal the rotting core where corporate and billionaire power and greed have replaced democratic infrastructure and governance. Our once-enlightened political and economic systems have been manipulated to ensure the success of only a fraction of the population at the expense of the rest of us.
The result is a "for the rich, by the rich" scheme leading to policies that only benefit the highest bidders. Hartmann outlines the destructive forces-planted by Lewis Powell in 1971 and come to fruition with the "Reagan Revolution"-that have looted our nation over the past decade, and how their actions fit into a cycle of American history that lets such forces rise to power every four generations.
However, a backlash is now palpable against the "economic royalists"-a term coined by FDR to describe those hoarding power and wealth-including the banksters, oligarchs, and politicians who have plunged our nation into economic chaos and social instability.
Although we are in the midst of what could become the most catastrophic economic crash in American History, a way forward is emerging, just as it did in the previous great crashes of the 1760s, 1856, and 1929. The choices we make now will redefine American culture. Before us stands a genuine opportunity to embrace the moral motive over the profit motive-and to rebuild the American economic model that once yielded great success.
Thoroughly researched and passionately argued, THE CRASH OF 2016 is not just a roadmap to redemption in post-Crash America, but a critical wake-up call, challenging us to act. Only if the right reforms are enacted and the moral choices are made, can we avert disaster and make our nation whole again.
- ISBN-13: 9780446584838
- ISBN-10: 0446584835
- Publisher: Twelve
- Publish Date: November 2013
- Page Count: 320
Publishers Weekly® Reviews
- Reviewed in: Publishers Weekly, page .
- Review Date: 2013-09-30
- Reviewer: Staff
The prolific author and talk-show host Hartmann (The Last Hours of Ancient Sunlight) will always be a radioman at heart, and his latest book displays the influences of his preferred medium. Here, he argues that history is essentially circular—that after a severe period of turmoil and hardship “it takes about eighty years for those who remember to thoroughly die out”—the next great tragedy coming as a result of humankind collectively forgetting the lessons that could have prevented it. The Revolutionary War, the Civil War, and the Great Depression all occurred according to schedule, and now America is due for another cataclysm, suggests Hartmann. This momentarily intriguing, but ultimately unconvincing model is buttressed by conspiracy theories accusing Goldman Sachs and other multinational financial institutions of orchestrating a global coup. Drawing readers in with purple prose and righteous indignation, Hartmann proposes populist remedies that seem unequal to the task of averting imminent catastrophe, suggesting that “all the money oil companies pay to lease and extract oil on public land could be distributed to all Americans equally,” and proposing mechanisms for strengthening worker-owned cooperatives. (Nov.)