Ravi Batra - Recent Works

Recent Works

In 1993, Batra published The Myth of Free Trade: The Pooring of America in which he argued that free trade has enabled the rich to become richer but most people became poorer. Batra predicted that NAFTA would create unemployment in Mexico and lower wages in America. He urged the breakup of large firms, a raise in tariffs, and a drastic cut in defense spending to turn the country around. In his view, domestic monopolies generate inequality and poverty and global trade damages the industrial base and the global environment.

In 1998, he published Stock Market Crashes of 1998 and 1999: The Asian Crisis and Your Future. The book was revisiting the premise of his earlier bestselling work, arguing nothing had changed, only the palliative cures of economic policy had become more effective at suppressing the symptoms of financial capitalism, but not cure its underlying illness. He therefore predicted increasing stock market volatility. Again in 1999, he published a book The Crash of the Millennium: Surviving the Coming Inflationary Depression, which suggested a plunge in stocks. The drop in high-tech stocks in the Spring of 2000 sent a shiver through the global market place. However, his critics claimed that since the capitalist system remained relatively intact, that he was proven wrong. In 2004, he wrote a new book Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy where he critically evaluates the policy prescriptions of Former Federal Reserve Chief Alan Greenspan.

In 2008 he published his most recent book, The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos, where he analyzes the present day economic downturn and the forces behind it. After some significant struggle, Batra predicts a "swift and stunning" revival of American ideals based on true democratic principles that will quickly spread around the world:

The United States does not export much, but it does export ideas, which today mainly emit hedonism and materialism. A new standard exalting martial qualities and magnanimity will soon replace the currently dominant American ethos. It will also sound the death knell for tricklism which is creating poverty around the world. America's revolutionary ideas will quickly captivate the globe; they will spread like wildfire and eradicate poverty within a generation. The internet will make sure that the renaissance spreads its fragrance all over the planet. Verily, for the first time in history, there will be a Golden Age.(Pg. 204)