Dr. Ravi Batra
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By Dr. Ravi Batra:
More than seven years after the Great Recession began in 2007, many Americans are still struggling to put their economic lives back together. Factors such as low wages, high interest rates on credit cards and a mediocre job market continue to make a lot of families feel like the recovery passed them by. It doesn’t have to be this way.
The main cause of our troubles is monopoly capitalism, which is a system dominated by giant companies that charge high prices, pay low wages and extract huge productivity from employees.