Even Capitalists Economists Predict Recession in Next Year or Two

The first half of this article shows us that even using the often mystifying terminology of capitalist economists, the future over the next year or two doesn’t look good. It’s amazing how they talk about the ups and downs of the “business cycle” without ever referring to whether the economy produces destruction (military investments), fictitious wealth (banks), or real goods and services. The last third of the article discusses the impact on the working class.

Read in Economic Front

Image from Imgarcade

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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