| Description |
x, 325 pages : illustrations ; 22 cm |
| Bibliography |
Includes bibliographical references and index. |
| Summary |
World-renowned economist, Richard Wolf, explores the roots of the Great Recession and its immense impact on working people. |
| Contents |
Part one. Crisis in capitalism. Capitalist crisis and the return to Marx -- The myth of "American exceptionalism" implodes -- The revenge of trickle-down economics -- In economic crisis, capitalism delivers the bads -- A tale of two lootings -- Capitalism and poverty -- Five reasons why the crisis persists -- Capitalism's ideological crutches -- Capitalism efficient? We can do so much better -- From Detroit to China to Bangladesh: capitalism's costs, capitalists' freedom -- Economic development in Rana Plaza -- Capitalism, democracy, and elections -- "Pure" capitalism is pure fantasy -- How capitalism's great relocation pauperized America's middle class -- US political dysfunction and capitalism's withdrawal -- Capitalism and unemployment -- Capitalism and democracy: year-end lessons -- Political corruption and capitalism -- The wages of global capitalism. |
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Part two. Crisis economics. Austerity -- (US tax deal brings austerity closer -- Main Street moves against Wall Street -- Why capitalism is choosing Plan B -- The truth about profits and austerity -- The great austerity shell game -- Austerity, US style, exposed -- Austerity: another "policy mistake") -- Taxes -- (Corporations to government: give us more, tax us less -- How the rich soaked the rest of us -- Who really pays taxes) -- Public sector -- (Going beyond private versus public -- The hidden money -- Social security's explosive injustices) -- Banking -- (Lehman brothers: financially and morally bankrupt -- Big finance's pathology compels the logic of socialized banking) -- Debt -- (S&P's judgment on US debt is substandard and poor -- "Living within our means" and Standard and Poor's downgrade -- Deficits, debts, and deepening crisis -- Europe's debt crisis deepens -- Déjà Vu: Germany tightens its economic power over Europe -- The Greek crisis, austerity, and a postcapitalist future -- Scapegoat economics 2015 -- Greece needs our solidarity in its struggle against austerity -- Deficits, debts, and demagogues) -- The so-called recovery -- (Recovery? What recovery -- Economic recovery for whom? -- After five years: report card on crisis capitalism -- Recovery hype: American capitalism's weapon of mass destruction -- Why debates over the Fed's interest rate miss the point -- Capitalism and its regulation delusion). |
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Part three. Crisis politics. Government intervention -- (Government economic intervention for whom? -- This is no bailout for Main Street America -- Ghost of New Deal haunts Democrats' agenda, but it's time to summon FDR) -- Federal Reserve -- (Ben Bernanke's silence speaks volumes -- Bernanke's speech was only a minor footnote to enduring crisis -- Janet Yellen and I were taught to revere capitalism, but it's a failing system) -- Debt ceilings and budget battles -- (Budget battles: sound, fury, and fakery -- Fiscal cliff follies: political theater distracts from key problems with the fix -- Economic policy debates: theater of distraction) -- Political economy of partisan "debates" -- (Ongoing crisis and liberal blindness -- The truth about "class war" in America -- The political economy of Obama's reelection -- Class war redux: how the American Right embraced Marxist struggle -- Critics of capitalism must include its definition -- US politics' true bipartisan consensus: capitalism is untouchable). |
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Part four. Crisis responses, going beyond capitalism. The Occupy Movement -- (Occupy Wall Street ends capitalism's alibi -- How the 1% got richer while the 99% got poorer -- The Originality of Occupy Wall Street -- Harvard students join the movement -- Criticism, violence, and roosting chickens -- Occupy production: a vision for democracy at work -- Occupy the corporation -- Class, change, and revolution) -- Debates on the Left -- (What's left of the American Left? -- A new dawn for the US Left -- A socialism for the twenty-first century -- Debating capitalism -- redefining outdated terms) -- Lessons from labor -- (Lost elections, strategic lessons for workers' movements everywhere -- Detroit's decline is a distinctly capitalist failure -- What drove organized labor's decline in the United States? -- Lessons from Chattanooga) -- Alternatives -- (The threats of business and the business of threats -- Manifesto for economic democracy, not austerity or Keynesian growth -- Yes, there is an alternative to capitalism: Mondragon shows the way -- System change, or there and back again: capitalism, socialism, fascism -- Silence is louder than their words: effective economic policies neither candidate advocates -- The fall of the Berlin Wall and the failures of actually existing economic systems -- Economic prosperity and economic democracy: the worker co-op solution -- Socialism and worker self-directed enterprises). |
| Subject |
Global Financial Crisis, 2008-2009.
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United States -- Economic conditions -- 2009-
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Economic history. (OCoLC)fst00901974
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United States. (OCoLC)fst01204155
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Global Financial Crisis (2008-2009) (OCoLC)fst01755654
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| Chronological Term |
Since 2008
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| Genre/Form |
Essays. (OCoLC)fst01919922
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Essays.
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| ISBN |
1608465950 |
|
9781608465958 |
| Standard No. |
40026064022 |
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