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Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown, by Richard D. Wolff
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Praise for Richard Wolff and Democracy at Work:
"Richard Wolff's constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times."—Noam Chomsky
"Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy!"—Cornel West
"Bold, thoughtful, transformative-a powerful and challenging vision that takes us beyond both corporate capitalism and state socialism. Richard Wolff at his best!"—Gar Alperovitz
While most mainstream commentators view the crisis that provoked the Great Recession as having passed, these essays from Richard Wolff paint a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism's old centers, the unequal growth in its new centers, and the resurgence of a global speculative bubble, Wolff—in his uniquely accessible style—makes the case that the crisis should be grasped not as a passing moment, but as an evolving stage in capitalism's history.
Richard Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and a Visiting Professor at the New School in New York. Wolff's recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His groundbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing how and why to make democratic workplaces real.
- Sales Rank: #65125 in Books
- Brand: Haymarket Books
- Published on: 2016-05-17
- Original language: English
- Number of items: 1
- Dimensions: 8.30" h x 1.00" w x 5.40" l, .0 pounds
- Binding: Paperback
- 344 pages
- Haymarket Books
About the Author
Richard D. Wolff: Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst and a Visiting Professor at the New School University in New York. Wolff’s recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His groundbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing how and why to make democratic workplaces real.
Most helpful customer reviews
21 of 22 people found the following review helpful.
The middle class is in debt trying to retain a lifestyle they enjoyed in the past
By Sherry Tourtual
According to the author, capitalism is the cause of our economic problems. The middle class is in debt trying to retain a lifestyle they enjoyed in the past. All the money is going to banks, corporations and the wealthy. Instead of taxing the wealthy, the government borrows from the wealthy to pay its bills and then pays interest to the wealthy. Many in the middle class are falling below the poverty line. There are mass foreclosures and bankruptcies, all while the rich are getting richer. Corporations are taking their factories to countries where wages are low, leaving thousands unemployed.
The author's solution isn't marxism-been there, done that-and it doesn't work. He has a better solution. The workers should own the companies they work for. One benefit of that is the companies would stay in the US. Policies would be made by the workers. Wages and salaries would be fair. Hours worked and overtime would be in control of the workers. This is similar to profit-sharing, which is being advocated by presidential candidate Hillary Clinton.
I only have one question: HOW is this to be achieved? Corporations aren't just going to hand themselves over to the workers. The plan is impossible barring some sort of revolution, and people in the US are too preoccupied to revolt about anything.
15 of 16 people found the following review helpful.
A wonderfully clear discussion of a catastrophic affliction
By Charles K Wilson
Excellent explanation of our economic and political predicament with a very reasonable suggestion for its resolution, reasonable but difficult to achieve.
3 of 3 people found the following review helpful.
Capitalism's Crisis and Workers dilema
By Sathari Singh
Serious of essays by Professor Richard Wolff famous teacher of economic outlining American Workers dilema and his solution for there alleviation. If you are a worker, trade unionist, you should arm yourself with this information.Workers and the middle class see little real and accurate explanations of their decline in the last 30 years. this is a must-read this book for workers to know our problems and those who caused them.
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