Thursday, September 15, 2016

#4 - Scholarly article in Academic Search Complete

The Crisis Enters Year Five.
Authors:
WOLFF, RICK1,2
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.

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