Product Description

Product Details

• Amazon Sales Rank: #48202 in Books
• Published on: 2007-01-09
• Released on: 2007-01-09
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 256 pages

From Publishers Weekly
After nearly 20 years of predicting economic disaster, Batra (Greenspan's Fraud, etc.) suggests a reversal, though only after we rise up in revolution against the forces of chaos. This time, he charges politicians, academics, business executives and rich people with "corruption," defined as "any policy that enriches the rich and impoverishes the poor and the middle class." Among the practices Batra censures are raising congressional pay but not the minimum wage, and cutting income taxes while increasing Social Security taxes. Though the analysis is keen and provocative and the conclusions unorthodox as ever, his specific economic predictions aren't likely to be any better than those in his 11 previous books. Though he admits that "three or four" of his previous predictions "have been wrong," and "the cycle of depression has misfired," he gives no specifics. His examples of successful predictions sidestep his previous books, citing anecdotes from unrecorded private conversations. Some readers might wish Batra would stick to analysis and exposition, at which he excels, and leave off the name-calling and the wild predictions that mar this effort. (Feb.)
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Review
"The analysis is keen and provocative, and the conclusions unorthodox as ever."--Publishers Weekly "Dr. Batra vividly portrays the way in which public disgust for corruption, both corporate and federal, is becoming a serious force for political change."--Dr. W. Curtiss Priest, Director, Center for Information, Technology, & Society, MIT
Praise for Greenspan's Fraud:
"The most thoroughgoing assault on the Maestro's legacy so far."--Cecil Johnson, Fort Worth Star-Telegram
"As always, his economic arguments are expressed elegantly."--Publishers Weekly
"In this chilling exposé of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperiled the world economy."--David Callahan, author of The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead

Praise for Ravi Batra:

"When it comes to the bottom line so beloved of economists, one can learn a lot about events by thinking about them in cyclical regularities, of which Batra gives a novel and brilliant exposition."--Lester C. Thurow
"Ravi Batra has made an outstanding reputation in the United States as an international economic theorist in the best Western tradition."--Leonard Silk, New York Times

About the Author
Ravi Batra is the author of Greenspan's Fraud as well as the international bestsellers as The Downfall of Capitalism and Communism, The Great Depression of 1990, and The Myth of Free Trade. He is professor of economics at Southern Methodist University in Dallas. Batra has been profiled in such publications as The New York Times, The Washington Post, Time, and Newsweek, among others, and has appeared on CBS, NBC, CNN, ABC, CNBC, and other networks.

Customer Reviews

Excellent book
I learnt a lot about present World economics from this book. I recommend reading it for a better understanding of the situation we are in presently.

REALITY CALL: A must read for the general public.
The accredited economist and Professor of Economics tells the truth about concentrated world wealth and world government corruption that has manifested turmoil to today's civilization.

In laymans terms, he explains economic principles and social infrastructure cycles which justify his hypotheis: "The Downfall of Capitalism and Communism: A New Study of History". The imbalance of resources and wealth has proliferated CEO greed and government corruption, slowly eliminating the middle-class. Dr. Batra outlines economic and social history in simple terms to bring a REAL and unavoid conclusion to our financial fate.

His book does not provide hype nor fiction, but he attempts solidify his predictions with factual data. So far, his batting avg. is 90% on predictions. If you want a bite out of the Adam and Eve "apple", buy the book. It's an eye opener.

The New Golden Age
This book gave me a new perspective on world economic history along with insightful advice on what may be ahead.