[Marxism] How the 40-Year "Long Recession" Led to the Great Recession

Louis Proyect lnp3 at panix.com
Wed Apr 10 06:51:36 MDT 2013


Down Is a Dangerous Direction
How the 40-Year "Long Recession" Led to the Great Recession
By Barbara Garson

If you had to date the Great Recession, you might say it started in 
September 2008 when Lehman Brothers vaporized over a weekend and a 
massive mortgage-based Ponzi scheme began to go down.  By 2008, however, 
the majority of American workers had already endured a 40-year decline 
in wages, security, and hope -- a Long Recession of their own.

full: 
http://www.tomdispatch.com/post/175685/tomgram%3A_barbara_garson%2C_going_underwater_in_the_long_recession/#more




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