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Michael Yates

Michael D. Yates is associate editor of Monthly Review, editorial director of Monthly Press and author (with Fred Magdoff) of “The ABCs of the Economic Crisis: What Working People Need to Know.”

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A double-dip recession may be the least of our worries

A few months ago, it looked like the economy was on its way to full recovery. Today, things don’t look so rosy, writes Michael D. Yates – and given the current political climate in most societies, there’s little cause for optimism that things will get better.