#4 - Scholarly article in Academic Search Complete

The Crisis Enters Year Five.

Authors:

WOLFF, RICK^1,2

Source:

Journal of Psychohistory. Winter2012, Vol. 39 Issue 3, p175-179. 5p.

Document Type:

Article

Subject Terms:

*MIDDLE class
*ELITE (Social sciences)
*CORPORATIONS -- Political activity
*CORPORATE taxes
*CAPITALISM
UNITED States -- Economic conditions

Geographic Terms:

UNITED States

Abstract:

The article discusses global economic conditions in 2011, with a particular focus on the U.S. According to the author, economic and social trends point towards a future in which the middle class will continue to shrink and gaps between the elite and other citizens will widen. It is suggested that U.S. deficits and debts are a result of a shift in federal taxation from corporations to individuals. Statistics related to unemployment, taxation, and the U.S. Federal budget are presented. Other topics include worker-directed enterprises, capitalism, and the relationship between corporations and politics.

 

WOLFF, R. (2012). The Crisis Enters Year Five. Journal Of Psychohistory, 39(3), 175-179.