- Wednesday, May 20, 2015
- Socialist Appeal
Capitalism has been in a technical recovery since the Great Recession of 2008. After the deepest crisis since World War II, the US government claims the economy had its best year of growth since the economic rebound began. And just how did the economy do last year? It grew by a mere 2.2%. It might not technically be a downturn, but it sure feels like one! So many people are without full-time jobs. Wages are so low, but expenses are so high. Well, perhaps things will improve in 2015? The latest numbers show that first quarter growth in 2015 was a pathetic .2%—just barely over zero.