The golden age of the world economy does not come back.
About this book
The golden age of the world economy does not come back. The good times are over and no government can turn it backbFor decades after World War II, the whole world was golden. This was indeed an era of economic miracles, in which it was easy to find a stable job and to feel the betterment of each year. But the peak of 1973 has ended. The world economy took a slow and fickle growth, a standard before the war, after a severe slump. The result is an era of uncertainty, uncertainty, and political extremism that is still trying to solve.In this book, a well-known economic historian Mark Levinson says that the end of the postwar economic boom is the result of energy shortages, financial crises, Record how it has echoed throughout the global economy, causing a sense of encroachment. Politicians who suddenly failed to bring about prosperity in the past have sold foreign speculators, Arab oil-producing nations, and other powers that they can not do at their disposal. From Sweden to the south of California, citizens were suspicious of the ineffective new government and resisted the high taxes needed to support the social welfare programs established when money was spilled in the safe.Nearly all countries Additional leaning to the right led politicians such as Margaret Thatcher and Ronald Reagan to take power. But their commitment to deregulation, privatization, tax cuts, and smaller governments to restore economic stability and healthy growth proved groundless. Government leadership was no longer able to produce consistent levels of economic performance expected by the public, and so were free market policies. This book, which is a comprehensive review of the world history of the last 60 years, is forced to accept that we have little power to govern the economy.