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The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos Hardcover – January 9, 2007

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Editorial Reviews

From Publishers Weekly

After nearly 20 years of predicting economic disaster, Batra (Greenspan's Fraud, etc.) suggests a reversal, though only after we rise up in revolution against the forces of chaos. This time, he charges politicians, academics, business executives and rich people with "corruption," defined as "any policy that enriches the rich and impoverishes the poor and the middle class." Among the practices Batra censures are raising congressional pay but not the minimum wage, and cutting income taxes while increasing Social Security taxes. Though the analysis is keen and provocative and the conclusions unorthodox as ever, his specific economic predictions aren't likely to be any better than those in his 11 previous books. Though he admits that "three or four" of his previous predictions "have been wrong," and "the cycle of depression has misfired," he gives no specifics. His examples of successful predictions sidestep his previous books, citing anecdotes from unrecorded private conversations. Some readers might wish Batra would stick to analysis and exposition, at which he excels, and leave off the name-calling and the wild predictions that mar this effort. (Feb.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.


“The analysis is keen and provocative, and the conclusions unorthodox as ever.” ―Publishers Weekly

“Dr. Batra vividly portrays the way in which public disgust for corruption, both corporate and federal, is becoming a serious force for political change.” ―Dr. W. Curtiss Priest, Director, Center for Information, Technology, & Society, MIT

“The most thoroughgoing assault on the Maestro's legacy so far.” ―Cecil Johnson, Fort Worth Star-Telegram on Greenspan's Fraud

“As always, his economic arguments are expressed elegantly.” ―Publishers Weekly on Greenspan's Fraud

“In this chilling exposé of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperiled the world economy.” ―David Callahan, author of The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead on Greenspan's Fraud

“When it comes to the bottom line so beloved of economists, one can learn a lot about events by thinking about them in cyclical regularities, of which Batra gives a novel and brilliant exposition.” ―Lester C. Thurow on Ravi Batra

“Ravi Batra has made an outstanding reputation in the United States as an international economic theorist in the best Western tradition.” ―Leonard Silk, New York Times on Ravi Batra


Product Details

  • Hardcover: 256 pages
  • Publisher: St. Martin's Press (January 9, 2007)
  • Language: English
  • ISBN-10: 1403975795
  • ISBN-13: 978-1403975799
  • Product Dimensions: 6.6 x 1 x 9.4 inches
  • Shipping Weight: 5.6 ounces
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (21 customer reviews)
  • Amazon Best Sellers Rank: #1,378,260 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

91 of 94 people found the following review helpful By Economist on June 16, 2007
Format: Hardcover
Ravi Batra is still at it, almost three decades since he penned the classic "The Downfall of Capitalism and Communism: A New Study of History". We have come a long way with this author since then and never been bored. Batra's thesis is that we have entered the era of financial capitalism, the last stage of the Age of Acquisitors, where an increasingly uneven distribution of wealth feeds into increasing financial leverage and speculation, until the system can't handle it anymore and collapses. Following the collapse is financial destitution of many and social chaos. Such an outcome is still the most potent form of criticism of Capitalism. If Batra is at some point proved right that
a) the Great Depression of the 1930s was no fluke and
b) that innovations and safeguards to our financial system adopted since then cannot prevent another meltdown,
then that is a major an indictment of our form of social organization and, ultimately, our way of life.

At the heart of Batra's writings are the ideas of his mentor P.R. Sarkar. Batra has done more than anyone to publicize the message of this giant of modern day Indian thought in the West. This book is yet another installation into that body of work. While the message may no longer be as novel or fresh as it was in the 1980s, his work now builds on three decades of experience, including a multitude of accurate predictions (although the most important one has so far been a spectacular failure - the Great Depression of 1990!). He is now more circumspect about such things, including the adoption of a fiat monetary system in the 1970s and how monetary policy has been successfully used to forestall a major crash. In one sense he is quite correct, our monetary and financial system is an ongoing social experiment.
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57 of 63 people found the following review helpful By J. Brady on March 24, 2007
Format: Hardcover
In this book, Batra expains how the economic chaos and political corruption will continue to escalate and worsen over the next few years until the working class eventually rise up like warriors against the acquisitor class (capitalist - Russ Winter calls them the "pigmen") who have infiltrated all aspects of our government, the press, and our society at large. This uprising will dawn a new golden era of prosperity for the masses and the working class. A move away from "trickle down" economics where indebtedness of the masses for the fortitude of the richest has resulted in an increasingly unstable bubble-led economy with resultant record trade imbalances that leaves us (as a nation and society) in a precarious and vulnerable situation.
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17 of 18 people found the following review helpful By mcv57 on February 17, 2008
Format: Hardcover
The accredited economist and Professor of Economics tells the truth about concentrated world wealth and world government corruption that has manifested turmoil to today's civilization.

In laymans terms, he explains economic principles and social infrastructure cycles which justify his hypotheis: "The Downfall of Capitalism and Communism: A New Study of History". The imbalance of resources and wealth has proliferated CEO greed and government corruption, slowly eliminating the middle-class. Dr. Batra outlines economic and social history in simple terms to bring a REAL and unavoid conclusion to our financial fate.

His book does not provide hype nor fiction, but he attempts solidify his predictions with factual data. So far, his batting avg. is 90% on predictions. If you want a bite out of the Adam and Eve "apple", buy the book. It's an eye opener.
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29 of 33 people found the following review helpful By Ancient Engineer on August 8, 2007
Format: Hardcover
An exceptional economics book that tells the truth directly and in simple and completely understandable terms. Scuttles the Media and Political hype and presents what is needful and workable toward economic democracy that is now being submerged be the Global "Free Market" lies, myths and swindles.
Should be required reading for every truly patriotic citizen.
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5 of 5 people found the following review helpful By J.L. Populist on January 31, 2010
Format: Hardcover
Ravi Batra has proven prescient on some of his predictions in this older edition of THE NEW GOLDEN AGE.
He bases his forecasts on historical economic and political cycles.

The stated goal of this book is to answer the questions; Where is poverty headed? What is the cause?
The author answers both questions and many more in this book.

I think that Mr. Batra hits home with his assessment that "what the United States has is monopoly capitalism."
Another accurate label is that some CEOs are "today's robber barons." This indirectly reminds the reader of the Populist revolt of the 1890's.

He rails about how gas and oil prices are manipulated by oil companies, Wall Street, and hedge fund speculators under the protection of government-sponsored myths/cover stories. This is just one example of how big business in America owns politicians in both parties.

He explains why "tricklism" or trickle-down economics is a dismal failure.

A subject that I haven't read a lot about prior to this book is the elite economists that are also beholden to the wealthy corporations. He cautions the reader not to trust the theories of the "celebrity" economists.

Some of Ravi Batra's solutions that I really like are:
*Dual exchange rate as a solution for trade deficits.
*The voting strategy of abandoning any party loyalty.
*Universal health insurance for all Americans.
*A progressive income tax effectively reversing the shift of the tax burden from the middle class back to the rich.
*Return to antitrust laws and break up monopolies.

I recommend Ravi Batra as an economics author.
He explores the causes of our economic crisis and most importantly, he offers solutions.
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