Rapid Growth and Prom in the Economy

While the "New Economy", which was assumed to be independent of the ups and downs of the capitalist cycle, created the promise of dizzying growth in the 1990s, those who predicted that the successes achieved by the USA would trigger major crises in the future were not mistaken. Still, even today, there are many who interpret that period as the difficult beginnings of a success story. This "difference in interpretation" affects our view of the past, today, and our predictions for the future.

Famous Marxist economist Robert Brenner, who meticulously examined the turbulent last quarter century of US economic history, interprets this story of easy profit and enormous economic expansion as an "inconceivable failure" and the most problematic point the economy reached after the Second World War, by saving it from the deceptiveness of the market window.

Brenner, in the growth process shown as the "epic" economic move of the USA, revealed the survival of the Japanese and German markets that would fulfill the so-called competition rules of the game, the 1997-98 Asian crisis, the interest rate cuts made by the Central Bank and the efforts spent to inflate the stock market bubble. It shows in the emerging domino effect. Brenner's 2004 article "A New Economic Expansion or a New Bubble?" Rapid Growth and the Bubble in the Economy, which we have updated by including his article titled, is a "necessary" study for those who want to learn more than what is shown, while clearly revealing the developments that lead to an endless chain of turmoil, and making important determinations about the future.



Number of Pages: 428

Year of Printing: 2007


Language: Turkish
Publisher: İletişim Publishing

First Print Year: 2007

Language Turkish