TY - BOOK AU - Yamamura, Kozo TI - Too much stuff : : capitalism in crisis SN - 9781447335658 U1 - 339.2 Y146T 23 PY - 2017/// CY - Bristol, UK : PB - Policy Press, KW - Capitalism KW - Income distribution KW - Business and Economics KW - Economics KW - Macroeconomics N1 - Intro -- TOO MUCH STUFF -- Contents -- Preface and acknowledgements -- 1. A new perspective on capitalism's "sickness" -- Introduction -- Capitalist economies: the realities -- We need a systemic change -- About this book -- 2. Inspiration in the Kaufhaus des Westens -- The Kaufhaus des Westens -- "Necessary luxuries" -- Persistent lack of demand -- Conclusion -- 3. Unreal tax rates -- Introduction -- The US -- Japan -- Germany -- The downward trend in interest rates -- Liberal politicians and conservative fiscal policy -- Conclusion -- 4. Printing money -- Introduction -- Ultra-easy monetary policy -- The lack of a common macroeconomic theory -- Neoclassical economic theory -- The ineffectiveness of ultra-easy monetary theory -- Conclusion -- 5. Inequality and discontent -- Introduction -- The Occupy Movement -- Thomas Piketty and Capital in the 21st Century -- Disparity in income and wealth distribution -- Conclusion -- 6. Buckling bridges and crumbling mountains -- Introduction -- Social safety nets and infrastructural investment -- The crumbling Eiger -- Conclusion -- 7. The United States: stagnation and gridlock -- From Ronald Reagan to George W. Bush, 1981-2009 -- The Obama years, 2009-16 -- Conclusion -- 8. Japan: bubbles, "lost years" and Abenomics -- Introduction -- The bubble and the "lost" years, 1980-2008 -- Government since 2009: from incompetent to delusional -- Conclusion -- 9. Unified Germany: a divided nation -- Introduction -- 1980-2008: German politics move to the Right -- From 2009 to the present: the high cost of Merkel's policies -- Conclusion -- 10. Four European economies -- Introduction -- From the 1980s to 2008 -- From 2009 to the present -- Conclusion -- 11. Reform to the rescue -- Great Britain1 -- The United States2 -- 12. Adapting capitalism and changing politics -- Introduction -- Increasing tax revenues. Political change -- Can "big government" and democracy coexist? -- Quality and quantity in GDP growth -- 13. Conclusion -- Postscript -- In the new world of too much stuff, you will be poorer than your parents -- Income and wealth distributions are still unequal and becoming more so. -- The real unemployment rate is not falling and wages are not rising -- The undesirable effects of printing money are proliferating -- Germany cannot continue fiscal austerity and its huge trade surplus -- The more things change, the more they remain the same -- Projected growth rates of the developed economies remain dismal -- Notes -- Index ER -