Friday, July 13, 2018

It's the Economy, Stupid! by Christos A Djonis

Djonis admits right away that he is not a professional economist. He is a business owner and avid researcher. He wanted to better understand what voters thought of the 2016 presidential candidates, the federal court, and the economy. This book is the result.

He begins by helping readers understand economic terms and the fundamentals of the U S economy and how the actions of politicians affect it. I found the definitions a bit hard to understand and had to reread some several times before they became clear.

However, the rest of the book was great. I did not know to the degree the quality of life in the U S had declined in the last forty years. With stagnating wages, one in three Americans “cannot sustain themselves without some form of government assistance.” (110/1281) In other words, they live below the poverty line. Employee benefits are not regulated in the U S so the U S employee benefits rank at the bottom of industrialized nations. (141/1281) Djonis writes about corporations, their lobbying and how government policy is manipulated.

There is a great amount of well presented information included in this book. I can tell he has done a great deal of research. He gives many graphs and charts to illustrate his findings. He adds what he thinks should be done to strengthen the U S economy and draw down the ever growing national debt.

I recommend this book to readers who would like to understand how the U S economy works. You'll find lots of information on corporations, wages, medical expenses and more. You'll also be encouraged to take action. Unfortunately, most of that action would need to be taken by our representatives and senators. I think the economic future of the U S looks dim.

My rating: 4/5 stars.

Christos A. Djonis is a Greek Cypriot now living in the United States. He is the owner of a company renovating large multifamily properties in the southeast U S. He is also a real estate investor, home designer, artist and avid researcher. This is his third book.

Page Publishing Inc, 130 pages.

I received a complimentary egalley of this book through NetGalley. My comments are an independent and honest review.

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