Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About ItA BREATHTAKINGLY CLEAR ANALYSIS OF TODAY’S ONGOING ECONOMIC CRISIS In this updated edition of Capitalism Hits the Fan, Professor Wolff explains why capitalism's global crisis persists, why bank bailouts and austerity policies fail, and why deepening economic inequality now generates historic social tensions and conflicts and worsens the ongoing crisis. This book chronicles one economist’s growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then change the world. The argument here differs sharply from most other explanations offered by politicians, media commentators, and other academics. Step by step, Wolff shows that deep economic structures—the relationship of wages to profits, of workers to boards of directors, and of debts to income—account for the crisis. The book’s essays engage the long-overdue public discussion about capitalism as a system and about the basic structural changes needed not only to fix today’s broken economy but to prevent future crises. |
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Contents
Todays Haunting Specter or What Needs Doing | |
Economics of the Crisis | |
Evangelical Economics | |
Oil and Efficiency Myths | |
New Fed Chairman Same Old Same | |
Immigration and Class | |
Politics of the Crisis | |
Economic Crisis Ideological Debates | |
Production | |
Capitalism and Socialism | |
Mass Political Withdrawal | |
Other editions - View all
Capitalism Hits the Fan: The Global Economic Meltdown and what to Do about it Richard D. Wolff No preview available - 2013 |
Common terms and phrases
alternative Americans banks basic become benefits better boards of directors borrowing bubble Bush capitalism capitalist communities companies conservative consumer consumption continue corporations costs countries crises crisis Deal debate debt decisions demand Democrats dependent Depression distribution economic effects employers enterprises failed families federal French funds global happened higher housing immigrants important income increased industry interest intervention investments issues keep kind labor laws lenders less major markets mass means millions mortgage neoliberal officials opposition organization Party pensions percent policies political politicians position problems production profits programs question raise rates reduced reforms regulations Republicans response resulting reverse rising risks securities share shift social socialist society solutions spending structure wages welfare workers
Bibliographic information
| Title | Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It |
| Author | Richard D. Wolff |
| Publisher | Interlink Publishing, 2012 |
| ISBN | 1623710014, 9781623710019 |
| Length | 288 pages |
| Subjects | › › Business & Economics / Economics / Theory Political Science / Political Economy Political Science / Public Policy / Economic Policy |
| Export Citation | BiBTeX EndNote RefMan |