How a New Elite has Turned America's Financial System Upside Down -- Protection of the Welfare of the Average American Continues to be Torn Down by a Developing Elite Class With Its Hands On the Levers of Power in Corporations and Government


LOS ANGELES, April 7, 2009 (GLOBE NEWSWIRE) -- Pseudo-Capitalism will be featured in the annual Los Angeles Times Festival of Books, which will be held on April 25 & 26, 2009, on the UCLA campus. Stephen Bindman is one of the featured authors during the Festival of Books and will be having a book signing at the Xlibris Publisher's Booth, booth #238, from 10-11AM on April 25 (Saturday). Don't miss this exciting chance to meet this brilliant author and have your book signed. Be sure to mark your calendar for this upcoming event!

Some people believe that the current economic order is benefiting the rich and transforming America into a socialistic economy. The reports said it all -- rich banks get bailed out by the government using tax money while some individuals make huge profits from their derelict supervision of so-called public companies. What do these developments mean for you and your future? Find out in Pseudo-Capitalism: Socialism for the Rich, a new book authored by Stephen Bindman.

Pseudo-Capitalism argues that President Franklin D. Roosevelt's legacy of government protection of the welfare of the average citizen is being torn down by a new elite class that includes CEOs, financiers and other predators that have ignored their responsibilities to shareholders, employees, and their country. It emphasizes that greed has become the new priority for people, who have been allowed to buy the influence of politicians and have been granted protection by their fellow managerial elitists in Washington and Wall Street. As a beginning, the text calls for extensive economic reforms, better protection for the working and middle class and tighter monetary policies in order to implement balance in what is now a broken financial system. Current policies are continuing the protection of the elites and threaten U.S. solvency. These shenanigans continue under the cover of aiding the free market in what is actually a largely state dominated economy.

This book is designed to change our consciousness of how the economic and political world actually works and thus improve our solutions. For more information, log on to www.Xlibris.com.

About the Author

In the 1950s as an undergraduate, worried by McCarthyism, Stephen Bindman participated in the anti-Stalinist Left, where he learned and studied alternate formulations in political economy.

Subsequently, studying music and literature in Mexico, he became concerned about the threat to the United States from Khrushchev's aggressive nuclear stance. Resultantly, he returned to the United States where he went to work in the missile industry on nuclear weapons systems. At the same time, he began to study psychology, finding the life and work of most engineers apparently unsatisfying.

He left the missile industry for psychology; he received his doctorate from UCLA in Clinical Psychology in 1966. He taught for six years at the University of Texas in Austin, teaching personality theory, group psychotherapy, and supervising interns in the counseling center. He returned to Los Angeles, a more exciting arena for psychology and he has remained there since, increasingly working as a forensic expert where he could use his scientific training as well as his psychotherapeutic skills.

Worried once again politically by the increasingly authoritarian, deceptive, and antiscientific Bush presidency he returned to political economy, which in his incarnation as a bourgeois professional he had closely followed in the investment press.

Raised during World War II and an older educational tradition, which stressed the Constitution, patriotism, and political responsibility, he felt a personal obligation to struggle against political tendencies which he considered both reactionary and blind; attempting to change consciousness. In fact, his combination of approaches can be construed as a work of psychohistory. This book is his latest attempt to struggle against the decline in our civilization, and his belief in the Enlightenment idea that the pen is mighty and can affect events.

Reviewed in Kirkus Discoveries, "an exploration of 'Pseudo-Capitalism'... provides an overview of the current U.S. economy... cogently presents a society that emphasizes and unjustly rewards the wealthy elite... the book is educational... avoids the bland and boring tones of most economic textbooks... entertaining."


              PSEUDO-CAPITALISM * by Stephen Bindman
                     SOCIALISM FOR THE RICH
                Publication Date: October 9, 2008
       Trade Paperback; $19.99; 272 pages; 978-1-4363-6832-2
        Cloth Hardback; $29.99; 272 pages; 978-1-4363-6833-9

To purchase copies of the book for resale, please fax Xlibris at (610) 915-0294 or call (888) 795-4274 x. 7876.

For more information, contact Xlibris at (888) 795-4274 or on the web at www.Xlibris.com.



            

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