Current economic issues - Book Report/Review Example

icles are critical in the debunking of the myriad of economic myths that are broadcasted by the press; while at the same time offering progressive perspectives on major news in the economic arena. The first articles touch on the era of the stock market boom and eventual bubble burst; with a critical analysis of the eventual crackdown on labor movements and workers since 2001. This crackdown leads to new labor organization that is of significant effect on the fiscal policies that were pushed and implemented by the Bush administration; with pointers on problems that pertained to the proposed privatization of Social Security; reduction in social spending (by the Federal government), and tax cuts that were administered for the wealthy.

Other articles touch on the growth, spread and entrenchment of neo-liberalism on a global scale; this in conjunction with the economics of maintaining the War on Terror by the Bush Jnr. Administration. Other economic alternatives are also touched on with different regions being factored in. It is worthwhile to note that these issues can also be viewed in the bi-monthly magazine – Dollars & Sense – that is based on contemporary economic issues. Both the Republican and Democratic Parties in the U.S.A.

continue to differ on the problems to and resultant effects of the stock market crash with each side giving different remedies to the problem. The bubble burst, as it is, commonly referred to as a resultant of many different factors to which both parties are either in agreement with or against. There is an agreement that the American economy is in crisis, it is the resultant effects and remedies used that are the issue. The basis of the contemporary American economy is founded on neo- liberal economic systems with significant global impacts; thus a crisis in American markets meant a global crisis in the politico-economic and monetary spheres (Amy 10).

The Stock market boom and eventual crash is the first area that the book looks into