by Ravi Batra (Get the Book)A novel publishing strategy stands behind this book. After holding an enthusiastic audience with then-speaker Nancy Pelosi, a Southern Methodist University professor with unique economy-busting ideas is then referred to (at the time) fed chairman Ben Bernanke. Nothing happens. So why not write a book? Batra, in an atypical academic fashion, details all the issues that led up to the U.S. wage gap, horrendous oil prices, and high interest rates—and, yes, a loomingly alarming high-unemployment rate. He does so in simple English (no economists’ jargon), plain charts and graphs, and a straightforward approach that compels without selling. Part 1 diagnoses all possible issues, from oligarchy (the concentration of wealth) to monopoly capitalism and wage gaps throughout the world, ending with an intriguing town-hall-style debate. Part 2 is the cure, with some startling yet commonsense recommendations, such as don’t allow mergers and acquisitions among large and profitable firms; reform the FDIC as a bridge bank and competitor to other financial institutions; raise the minimum wage; and offer five-year bonds for retirees at a fixed-interest rate of 3.5 percent, among others. Much food for thoughts; write your congresspeople now. --Booklist
