[lbo-talk] Michael Perelman Book Online - Confiscation of American Prosperity

Bill Quimby wquimby at embarqmail.com
Tue Nov 10 10:35:00 PST 2009


Good news! Our Michael Perelman's 2007 book "The Confiscation of American Prosperity: From Right-wing Extremism and Economic Ideology to the Next Great Depression" is also one of the books offered full text at that http://a.aaaarg.org site I posted.

From the Prologue..

"This book does not belabor the obvious injustices of inequality; instead, it describes the extent of this confiscation of wealth, how the perpetrators managed to pull it off, and, finally, how this confiscation is setting the stage for a catastrophic depression. Leaders in the world of business and government, as well as professional economists, seem oblivious to the dangers ahead. The extreme inequities in society breed a hubris that prevents them from even considering the possibility that they are contributing to a catastrophe. All the while, the economics profession seems unable to comprehend the depth of the problem.

Unless strong actions are taken, the calamity that currently afflicts the poor is certain to trickle up, engulfing even the very rich. I do not mean that the very rich will become destitute; only that the losses they will eventually experience will far outweigh the vast amount of extra wealth and income they now claim for themselves."

- Bill



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