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Ravi Batra: Difference between revisions
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== Recent works == | == Recent works == | ||
In 1993, Batra published ''The Myth of Free Trade: The Pooring of America'' in which he argued that [[free trade]] has enabled the rich to become richer but most people became poorer. Batra predicted that NAFTA would create unemployment in Mexico and lower wages in America. He urged the breakup of large firms, a raise in tariffs, and a drastic cut in defense spending to turn the country around. In his view, domestic monopolies generate inequality and poverty and global trade damages the industrial base and the global environment. | In 1993, Batra published ''The Myth of Free Trade: The Pooring of America'' in which he argued that [[:wikipedia:free trade|free trade]] has enabled the rich to become richer but most people became poorer. Batra predicted that NAFTA would create unemployment in Mexico and lower wages in America. He urged the breakup of large firms, a raise in tariffs, and a drastic cut in defense spending to turn the country around. In his view, domestic monopolies generate inequality and poverty and global trade damages the industrial base and the global environment. | ||
In 1998, he published ''Stock Market Crashes of 1998 and 1999: The Asian Crisis and Your Future''. The book was revisiting the premise of his earlier bestselling work, arguing nothing had changed, only the palliative cures of economic policy had become more effective at suppressing the symptoms of financial capitalism, but not cure its underlying illness. He therefore predicted increasing stock market volatility. Again in 1999, he published a book ''The Crash of the Millennium: Surviving the Coming Inflationary Depression'', which suggested a plunge in stocks. The drop in high-tech stocks in the Spring of 2000 sent a shiver through the global market place. However, his critics claimed that since the capitalist system remained relatively intact, that he was proven wrong. In 2004, he wrote a new book ''Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy'' where he critically evaluates the policy prescriptions of Former Federal Reserve Chief Alan Greenspan.<ref>{{cite web|url=http://www.fondsexklusiv.at/inhalt/print-ausgaben/tango-korrupti.html|title=Tango Korrupti|date=2010-05-27|publisher=Fonds Exklusiv|accessdate=2011-10-29}}</ref> | In 1998, he published ''Stock Market Crashes of 1998 and 1999: The Asian Crisis and Your Future''. The book was revisiting the premise of his earlier bestselling work, arguing nothing had changed, only the palliative cures of economic policy had become more effective at suppressing the symptoms of financial capitalism, but not cure its underlying illness. He therefore predicted increasing stock market volatility. Again in 1999, he published a book ''The Crash of the Millennium: Surviving the Coming Inflationary Depression'', which suggested a plunge in stocks. The drop in high-tech stocks in the Spring of 2000 sent a shiver through the global market place. However, his critics claimed that since the capitalist system remained relatively intact, that he was proven wrong. In 2004, he wrote a new book ''Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy'' where he critically evaluates the policy prescriptions of Former Federal Reserve Chief Alan Greenspan.<ref>{{cite web|url=http://www.fondsexklusiv.at/inhalt/print-ausgaben/tango-korrupti.html|title=Tango Korrupti|date=2010-05-27|publisher=Fonds Exklusiv|accessdate=2011-10-29}}</ref> | ||