by Jack A. Smith
September 16, 2011
Between 1900 and 2011 there have been 24 recessions in the United States (including the Great Depression), about once every 4.6 years — some decades more, some less — largely from inevitable overproduction and greed.
Yes, capitalism’s highly productive and has made many Americans rich and facilitated Washington’s global rule. It’s also an unstable system responsible for extreme inequality, poverty and stagnant wages at home and aggression abroad to advance U.S. economic interests. Continue reading