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Richard D. Wolff
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Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown Kindle Edition

by Richard D. Wolff (Author) Format: Kindle Edition
4.6 4.6 out of 5 stars 144 ratings
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“The leading socialist economist in the country” explores the roots of the Great Recession and its immense impact on working people (Cornel West).
 
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.
 
Praise for Richard Wolff and Democracy at Work
 
“Probably America’s most prominent Marxist economist.” —The New York Times Magazine
 
“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
 
“Wolff offers a rich and much-needed corrective to the views of mainstream economists and pundits. It would be difficult to come away from this with anything but an acute appreciation of what is needed to get us out of this mess.” —Stanley Aronowitz
 
“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
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  1. Print length
    346 pages
  2. Language
    English
  3. Sticky notes
    On Kindle Scribe
  4. Publisher
    Haymarket Books
  5. Publication date
    May 30, 2016
  6. File size
    1425 KB
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Editorial Reviews

Review

“The New York Times magazine has described Richard Wolff as “probably America’s most prominent Marxist economist”. And that is probably not an exaggeration in the description of this emeritus Professor of Economics at the University of Massachusetts, Amherst and visiting professor at the New School University in New York.”—Michael Roberts, author of The Long Depression

About the Author

Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting professor at the New School University in New York. His groudbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of the nonprofit organization Democracy at Work (www.democracyatwork.info).

Product details

  • ASIN ‏ : ‎ B01F1G68IA
  • Publisher ‏ : ‎ Haymarket Books (May 30, 2016)
  • Publication date ‏ : ‎ May 30, 2016
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 1425 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Enabled
  • Word Wise ‏ : ‎ Enabled
  • Sticky notes ‏ : ‎ On Kindle Scribe
  • Print length ‏ : ‎ 346 pages
  • Customer Reviews:
    4.6 4.6 out of 5 stars 144 ratings

About the author

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Richard D. Wolff

Richard D. Wolff

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Richard 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. Wolff is also the author of Occupy the Economy: Challenging Capitalism and Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It. He hosts the weekly hour-long radio program "Economic Update," which is syndicated on public radio stations nationwide, and he writes regularly for The Guardian and Truthout.org. Wolff appears frequently on television and radio to discuss his work, with recent guest spots including "Real Time with Bill Maher," "Moyers & Company," "Charlie Rose," "Up with Chris Hayes," and "Democracy Now!." He is also a frequent lecturer at colleges and universities across the country.

Customer reviews

4.6 out of 5 stars
4.6 out of 5
144 global ratings

Top reviews from the United States

William D. Fusfield
5.0 out of 5 stars Blasts 40+ years of patently injurious and unjust neoliberal capitalist policies and operations right out of the waters!!
Reviewed in the United States on June 21, 2016
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Very solid and relevant takedown of the legion failings of neoliberal policies, austerity, the massive upward transfer of wealth and everything else wretched for human beings and their ever more fragile societies that comes along with the regnant oligarchic, .01% controlled and owned, monopoly, financial, "casino" capitalism. A great book! As usual,, Richard D. Wolff tells it like it is with no sugar-coating the sorry facts!! He is also very gifted at explaining complex economic and political concepts in a way that makes they much easier for a lay reader to comprehend!!
51 people found this helpful
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David Bliven
5.0 out of 5 stars So many good points made it's hard to summarize!
Reviewed in the United States on August 7, 2017
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One of the best books I've read in a long time. So many good points made it's hard to summarize - but a few:
"Capitalism’s new contradiction: It can no longer easily use deficits and rising debt to prevent economic crises from becoming social crises. Yet politicians fear to tax corporations and the rich, whose money now makes or breaks political careers. Hence, governments everywhere impose austerity on their people."
"Employers and the rich profited further by getting Washington to lower their taxes. They then lent at interest to the government what they no longer needed to pay in taxes. After all, the government needed to borrow precisely because it had stopped taxing corporations and the rich at the rates of the 1940s, 1950s, and 1960s. Business and the rich happily financed a political system that converted their tax obligations into secure, well-rewarded loans to the government instead."
"Blame-the-government ideology supports capitalism in another way. By portraying government as wasteful, incompetent, corrupt, power mad, and oppressive, it strives to establish another “commonsense” idea. Government should be kept economically weak: Keep its spending down, its budget balanced, or else in debt to capitalists and the rich (main government creditors). Limit the taxes it can levy, the regulations it can impose, and so on. Hobble the government while painting it as a negative social force, not to be trusted. Corrupt the politicians with the resources only corporations and the rich have and spend for such purposes, and then denounce that corruption as the government’s fault. Turn workers away from engagement in, respect for, or even interest in politics. Disgusted and alienated, many workers withdraw, leaving the political arena to the capitalists and the rich to buy and shape."
Awesome - buy it, read it, share it - then get angry & start a revolution.
21 people found this helpful
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koolkidd43
4.0 out of 5 stars A Crisis For Real
Reviewed in the United States on February 27, 2021
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Learn more about Economics from this author than you'll ever learn from Economics 101 and what a spent force Capitalism has become !
One person found this helpful
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Sherry Tourtual
5.0 out of 5 stars The middle class is in debt trying to retain a lifestyle they enjoyed in the past
Reviewed in the United States on October 23, 2016
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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.
38 people found this helpful
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Benjamin
5.0 out of 5 stars Incredible! You have to read this
Reviewed in the United States on February 9, 2021
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One of the most elaborately detailed critiques of late stage capitalism ever printed.

It is his magnum Opus.

I think of it like the PhD version of Jeff Rubens “the expendables.”

Incredible.

Please do yourself a favor and read this, you will be enriched by it!
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Verified Customer
3.0 out of 5 stars vintage wolff
Reviewed in the United States on March 29, 2019
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The extended title says its a collection of short essays between 2010 and 2014, basically a collection of ideas ordered by a set of topics (note the ability to preview parts on Amazon's "Look Inside"). It parallels where Wolff and others are in the movement D@W (Democracy at Work). These are general, almost generic, often insightful and often more backgrounding as an introductory reader for the curious and as part of basic courses in a university. These are not challenging to one's thinking nor attempting to cut new ground. It's more like a victory lap at the end of a race.
One person found this helpful
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Nick's Books
5.0 out of 5 stars The demise of Capitalism, why, and what comes next.
Reviewed in the United States on August 20, 2016
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Wolff has given many examples of the sources of the capitalistic system failures and what to do about them. Easy to read, with clear explanations of what kind of system can replace capitalism...
6 people found this helpful
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W. Kennedy
5.0 out of 5 stars If you know the message [ you can read it ...
Reviewed in the United States on May 10, 2018
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If you know the message [ you can read it many times here in these essays ], skip the first hundred pages; it's repetitive but powerful.
Watch some of his speeches from 2012 or later, extolling Mondragon and lighting Capitalism.
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Top reviews from other countries

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Chris
5.0 out of 5 stars read this to get the whole picture
Reviewed in Canada on February 6, 2021
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an excellent analysis of our current global economic system.
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Cliente de Amazon
5.0 out of 5 stars Capitalismo crisis despeje
Reviewed in Mexico on May 5, 2017
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Su análisis sobre la crisis y la situación de los trabajadores, así como su aparato estadístico, aunque no concuerdo con las cooperativas.
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Amazon Customer
5.0 out of 5 stars Good synopsis of the failure of capitalism and a new model of democratic socialism as an alternative.
Reviewed in Australia on March 22, 2017
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The book is a collection of essays by the author examoning the manifest failure of capitalism for the overwhelming majority of humanity, and the majority in modern Western countries too. The alternaive new model of a democratic socialism offerd as an alternative to the out of control desructiveness of capitalism hinges on the interesting and compelling redefinition of capitalism in terms of the manner of capture and distribution of worker surplus.
One person found this helpful
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Amazon Customer
5.0 out of 5 stars ... story how this economy got the way it is-not good.
Reviewed in Canada on March 3, 2017
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Very though and informative it tells the story how this economy got the way it is-not good. Ross
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James Marmont
5.0 out of 5 stars James_marmont
Reviewed in the United Kingdom on May 19, 2017
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The Essays are the Greatest Histrorical record of geo social economic political events published.
2 people found this helpful
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