Eurozone Dystopia ― Groupthink and Denial on a Grand Scale

Targeting laypersons interested in economic ideas, Mitchell’s underlying assumption is that the political process has been captured by powerful and wealthy elites who exploit the population’s general lack of understanding of economics in order to impose policies that undermine prosperity and redistribute income and wealth to the few at the top. He argues that without a thorough exposure of neo-liberal economic myths relating to deficits and debt, there is little chance that progressives can gain a foothold against this neo-liberal attack on peoples’ rights and property. He aims to provide an alternative viewpoint to empower people to challenge the current austerity mantra that is causing European nations to stagnate with high unemployment and increasing poverty rates. Twenty-three chapters are divided into three parts: the early years; the path to crisis; the options for Europe. Annotation c2015 Ringgold, Inc., Portland, OR (protoview.com)

William Mitchell, Professor of Economics, Centre of Full Employment and Equity, University of Newcastle, Australia