{"product_id":"capitalisms-crisis-deepens-essays-on-the-global-economic-meltdown-2010-2014-9781608465958","title":"Capitalism's Crisis Deepens: Essays on the Global","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eWhile 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 centres, the unequal growth in its new centres 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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e“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\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eTable of Contents  Preface .................................................................................................. i  Part I: Crisis Capitalism ........................................................................ 1  Capitalist Crisis and the Return to Marx ..................................................................... 2  The Myth of ?American Exceptionalism? Implodes ................................................... 13  The Revenge of Trickle-Down Economics .................................................................. 15  The Crisis Enters Year Five ........................................................................................ 17  In Economic Crisis, Capitalism Delivers the Bads .................................................... 20  A Tale of Two Lootings .............................................................................................. 22  Capitalism and Poverty.............................................................................................. 24  Five Reasons Why the Crisis Persists ........................................................................ 26  Capitalism’s Ideological Crutches ............................................................................. 28  Online Education: Another Phony ?Revolution? ........................................................ 31  Capitalism Efficient? We can do so Much Better ...................................................... 33  From Detroit to China to Bangladesh: Capitalism’s Costs, Capitalists’ Freedom ..... 35  Economic Development in Rana Plaza ...................................................................... 37 Capitalism, Democracy, and Elections ...................................................................... 39  Pure? Capitalism is Pure Fantasy .............................................................................. 41  How Capitalism’s Great Relocation Pauperized America’s Middle Class ................. 43  US Political Dysfunction and Capitalism’s Withdrawal ............................................ 46  Capitalism and Unemployment ................................................................................. 48  Capitalism and Democracy: Year-End Lessons ........................................................ 50  Political Corruption and Capitalism .......................................................................... 52  Part II: Crisis Economics ................................................................... 54 Austerity ........................................................................................................................ 55  US Tax Deal Brings Austerity Closer ......................................................................... 56  Main Street Moves against Wall Street ...................................................................... 57  Why Capitalism is Choosing Plan B .......................................................................... 59  Choosing Ryan, Embracing Austerity ........................................................................ 61  The Truth about Profits and Austerity ...................................................................... 63  The Great Austerity Shell Game ................................................................................ 64  Austerity, US Style, Exposed ..................................................................................... 67 Austerity: Another Policy Mistake? .......................................................................... 69 Taxes............................................................................................................................... 71  Corporations to Government: Give Us More, Tax Us Less ....................................... 72  How the Rich Soaked the Rest of Us .......................................................................... 75  Who REALLY Pays Taxes .......................................................................................... 78  Public Sector.................................................................................................................. 80  Attacking Public Employees: Will New York Lead? ................................................... 81  Public Sector Squeeze (Max Fraad Wolff co-authorship) ......................................... 83  The Real Reason for Public Finance Crisis ................................................................ 86  The Hidden Money .................................................................................................... 88  Social Security’s Explosive Injustices ........................................................................ 90 Banking ......................................................................................................................... 92  Bonuses for Bankers, Bankruptcy for Public Services .............................................. 93  Lehman Brothers: Financially and Morally Bankrupt .............................................. 95  Big Finance’s Pathology Compels the Logic of Socialised Banking .......................... 97  Debt ............................................................................................................................... 99  S\u0026amp;P’s Judgment on US Debt is Substandard and Poor .......................................... 100  Living within Our Means? and Standard and Poor’s Downgrade ......................... 102  Deficits, Debts and Deepening Crisis ...................................................................... 104  Europe’s Debt Crisis Deepens .................................................................................. 107  Deficits, Debts and Demagogues .............................................................................. 110  The So Called Recovery ................................................................................................ 112  Recovery Noises and Political Taboos ...................................................................... 113  Recovery, What Recovery? ....................................................................................... 116  Economic Recovery for Whom? ............................................................................... 118  After Five Years: Report Card on Crisis Capitalism ................................................ 120  Recovery Hype: American Capitalism’s Weapon of Mass Distraction ..................... 122  Part III: Crisis Politics ...................................................................... 125 Government Intervention ............................................................................................ 126  Government Economic Intervention for Whom? .................................................... 127  This is No Bailout for Main Street America ............................................................. 129  Federal Reserve ............................................................................................................ 134  Ben Bernanke’s Silence Speaks Volumes ................................................................. 135 Bernanke’s Speech was Only a Minor Footnote to Enduring Crisis ........................ 137  Janet Yellen and I were taught to Revere Capitalism. But it’s a Failing System ...... 139  Debt Ceilings and Budget Battles ................................................................................. 141  Budget Battles: Sound, Fury and Fakery .................................................................. 142  Fiscal Cliff Follies: Political Theatre Distracts from Key Problems with the Fix ..... 144  Economic Policy Debates: Theatre of Distraction .................................................... 146  Political Economy of Partisan ?Debates? .....................................................................148  On President Obama’s Budget.................................................................................. 149  Ongoing Crisis and Liberal Blindness ...................................................................... 151  The Truth about ?Class War? in America ................................................................. 154  The Political Economy of Obama’s Re-Election ....................................................... 156  Class War Redux: How the American Right Embraced Marxist Struggle ............... 158  What GOP-Tea Party Risks With Block of New, New Deal ...................................... 161  US Politics’ True Bipartisan Consensus: Capitalism is Untouchable ....................... 163  Part IV: Crisis Responses, Going Beyond Capitalism ....................... 165 Occupy .......................................................................................................................... 166  Occupy Wall Street Ends Capitalism’s Alibi ............................................................. 167  How the 1% got Richer, while the 99% got Poorer ................................................... 169  The Originality of Occupy Wall Street ...................................................................... 171  Harvard Students Join the Movement ..................................................................... 173  Criticism, Violence and Roosting Chickens .............................................................. 175  Occupy Production: A Vision for Democracy at Work ............................................. 176  Occupy the Corporation ........................................................................................... 178  Debates on the Left ..................................................................................................... 180  What’s left of the American Left? ............................................................................. 181  A New Dawn for the US Left ..................................................................................... 183   Socialism for the 21st Century ............................................................................... 185  Debating Capitalism – Redefining Outdated Terms ................................................ 191  Lessons from Labor ...................................................................................................... 193  Lost Elections, Strategic Lessons for Workers’ Movements Everywhere ................ 194  Detroit’s Decline is a Distinctively Capitalist Failure ............................................... 197  Organized Labour’s Decline in the US is Well Known. But What Drove It? ............ 199  Lessons From Chattanooga ..................................................................................... 202 Alternatives ................................................................................................................. 205  The Threats of Business and the Business of Threats ............................................. 206  Manifesto for Economic Democracy and Ecological Sanity .................................... 208  Economic Democracy, Not Austerity or Keynesian Growth .................................... 213  Yes, there is an Alternative to Capitalism: Mondragon Shows the Way .................. 215  Silence is louder than Their Words: Effective Economic Policies Neither Candidate Advocates .................................................................................................................. 218  Economic Prosperity and Economic Democracy: The Worker Co-op Solution ....... 221  Socialism and Workers’ Self Directed Enterprises .................................................. 223","brand":"Haymarket Books","offers":[{"title":"Default Title","offer_id":51138321875287,"sku":"9781608465958","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781608465958.jpg?v=1751918903","url":"https:\/\/bookcurl.com\/products\/capitalisms-crisis-deepens-essays-on-the-global-economic-meltdown-2010-2014-9781608465958","provider":"Book Curl","version":"1.0","type":"link"}