The Great Prosperity of 2020
The 20th century ignited an accelerating consumer binge we can no longer sustain. The latest book by Jack Lessinger and Ranger Kidwell-Ross outlines the future of the American socio-economy.
Post-war recessions have averaged 11 months. Why is this one taking so much longer? Because this is no recession. We’re treating the wrong disease. In 1990, in my book Penturbia, I predicted that depression—not recession—would likely strike at some time during 1990-2017. It happened. Unemployment has already risen for over three years and remains stuck at more than 9 percent. My theory of prosperity and depression is based on a fundamental correction to standard economics: Economics assumes that individual decision-makers do not influence each other. Of course they do. People interact through a multitude of channels such as movies, plays, lectures, radio, TV, advertising, political campaigns, emails, web-sites and personal contacts. Via those many channels, ‘We the People’ periodically... [Read more]
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