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Lesser Evil

In: GLOBAL ECONOMIC TURMOIL AND THE PUBLIC GOOD

Author

Listed:
  • Steven Rosefielde
  • Daniel Quinn Mills

Abstract

There is very little room for fundamental disagreement about the state of the global economy and potential dangers such as rampant inflation, financial crises and global repolarization. We accept the Economic Policy Institute (EPI)/Summers–Krugman characterization of the core problems confronting America (US) and the European Union (EU): The prospect of a blighted future of substandard economic growth, stagnation or worse, exacerbated by abnormally high unemployment and underemployment, widening income and wealth disparities between corporate executives and workers (including the middle class), and deteriorating conditions for Black and Hispanic retirees. Likewise, we accept obvious trends toward cold war repolarization and increased armed insurrection in the Middle East, Africa and parts of Asia…

Suggested Citation

  • Steven Rosefielde & Daniel Quinn Mills, 2015. "Lesser Evil," World Scientific Book Chapters, in: GLOBAL ECONOMIC TURMOIL AND THE PUBLIC GOOD, chapter 16, pages 163-171, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814590518_0016
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