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| richard wolff capitalism hits the fan: Capitalism Hits the Fan Richard D. Wolff, 2012-09-10 A 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. |
| richard wolff capitalism hits the fan: Capitalism Hits the Fan , 2008 |
| richard wolff capitalism hits the fan: Contending Economic Theories Richard D. Wolff, Stephen A. Resnick, 2012-09-07 A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008. |
| richard wolff capitalism hits the fan: Capitalism's Crisis Deepens Richard D. Wolff, 2016-05-30 “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 |
| richard wolff capitalism hits the fan: Democracy at Work Richard Wolff, 2012-10-02 What, and who, are we working for? A thoughtful assessment on our current society from “probably America’s most prominent Marxist economist” (The New York Times). Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid, and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve. One key cause for this intolerable state of affairs is the lack of genuine democracy in our economy as well as in our politics. The solution requires the institution of genuine economic democracy, starting with workers managing their own workplaces, as the basis for a genuine political democracy. Here Richard D. Wolff lays out a hopeful and concrete vision of how to make that possible, addressing the many people who have concluded economic inequality and politics as usual can no longer be tolerated and are looking for a concrete program of action. “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, leading public intellectual and author of Hope and Prospects |
| richard wolff capitalism hits the fan: Economics Richard D. Wolff, Stephen A. Resnick, 1987-08 Economics: Marxian versus Neoclassical is an economics text with a difference--a concise, systematic comparison of the two major contending economic theories in the world today. |
| richard wolff capitalism hits the fan: Class Theory and History Stephen A. Resnick, Richard D. Wolff, 2013-12-16 First Published in 2002. Routledge is an imprint of Taylor & Francis, an informa company. |
| richard wolff capitalism hits the fan: Saving Capitalism Robert B. Reich, 2015-09-29 From the author of Aftershock and The Work of Nations, his most important book to date—a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the “free market” is, and how it has masked the power of moneyed interests to tilt the market to their benefit. Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they’re “worth,” that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and “big” government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action. |
| richard wolff capitalism hits the fan: The Sickness Is the System Richard D. Wolff, 2020-09-15 The coronavirus pandemic, the deepening economic crash, dangerously divisive political responses, and exploding social tensions have thrown an already declining American capitalist system into a tailspin. The consequences of these mounting and intertwined crises will shape our future. In this unique collection of essays, Richard D. Wolff argues clearly that returning to normal no longer responds adequately to the accumulated problems of US capitalism. What is necessary, instead, is transition toward a new economic system that works for all of us. |
| richard wolff capitalism hits the fan: The Resilience Dividend Judith Rodin, 2014-11-11 Building resilience -- the ability to bounce back more quickly and effectively -- is an urgent social and economic issue. Our interconnected world is susceptible to sudden and dramatic shocks and stresses: a cyber-attack, a new strain of virus, a structural failure, a violent storm, a civil disturbance, an economic blow. Through an astonishing range of stories, Judith Rodin shows how people, organizations, businesses, communities, and cities have developed resilience in the face of otherwise catastrophic challenges: Medellin, Colombia, was once the drug and murder capital of South America. Now it's host to international conferences and an emerging vacation destination. Tulsa, Oklahoma, cracked the code of rapid urban development in a floodplain. Airbnb, Toyota, Ikea, Coca-Cola, and other companies have realized the value of reducing vulnerabilities and potential threats to customers, employees, and their bottom line. In the Mau Forest of Kenya, bottom-up solutions are critical for dealing with climate change, environmental degradation, and displacement of locals. Following Superstorm Sandy, the Rockaway Surf Club in New York played a vital role in distributing emergency supplies. As we grow more adept at managing disruption and more skilled at resilience-building, Rodin reveals how we are able to create and take advantage of new economic and social opportunities that offer us the capacity to recover after catastrophes and grow strong in times of relative calm. |
| richard wolff capitalism hits the fan: Understanding Socialism Richard D Wolff, 2019-12-02 A blend of history, analysis, and theory, Understanding Socialism is an honest and approachable text that knocks down false narratives, confronts failures and challenges of various socialist experiments throughout history, and offers a path to a new socialism based on workplace democracy. Richard Wolff's book is the best accessible and reliable treatment we have of what socialism is, was, and should be. - Cornel West In the same accessible style that has made his programs and lectures such a hit, he explains his subject in a way that's not only smart, but makes the rest of us feel smart. It's actionable intelligence for the every person. - Laura Flanders Lucid, brilliant and uncompromising in his dissection of the capitalist system he also provides a sane and just socialist alternative to capitalist exploitation, one we must all fight to achieve. - Chris Hedges |
| richard wolff capitalism hits the fan: Knowledge and Class Stephen A. Resnick, Richard D. Wolff, 1989-07-15 |
| richard wolff capitalism hits the fan: Twilight of the Elites Christopher Hayes, 2012 Analyzes scandals in high-profile institutions, from Wall Street and the Catholic Church to corporate America and Major League Baseball, while evaluating how an elite American meritocracy rose throughout the past half-century before succumbing to unprecedented levels of corruption and failure. 75,000 first printing. |
| richard wolff capitalism hits the fan: Understanding Marxism Richard D. Wolff, 2018-11-26 Why should we pay attention to the great social critics like Marx? Americans, especially now, confront serious questions and evidences that our capitalist system is in trouble. It clearly serves the 1% far, far better than what it is doing to the vast mass of the people. Marx was a social critic for whom capitalism was not the end of human history. It was just the latest phase and badly needed the transition to something better. We offer this essay now because of the power and usefulness today of Marx's criticism of the capitalist economic system. eBook: https: //bit.ly/2K6iI8v |
| richard wolff capitalism hits the fan: Global Slump David McNally, 2010-12-09 Global Slump analyzes the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism. It argues that—far from having ended—the crisis has ushered in a whole period of worldwide economic and political turbulence. In developing an account of the crisis as rooted in fundamental features of capitalism, Global Slump challenges the view that its source lies in financial deregulation. The book locates the recent meltdown in the intense economic restructuring that marked the recessions of the mid-1970s and early 1980s. Through this lens, it highlights the emergence of new patterns of world inequality and new centers of accumulation, particularly in East Asia, and the profound economic instabilities these produced. Global Slump offers an original account of the “financialization” of the world economy during this period, and explores the intricate connections between international financial markets and new forms of debt and dispossession, particularly in the Global South. Analyzing the massive intervention of the world’s central banks to stave off another Great Depression, Global Slump shows that, while averting a complete meltdown, this intervention also laid the basis for recurring crises for poor and working class people: job loss, increased poverty and inequality, and deep cuts to social programs. The book takes a global view of these processes, exposing the damage inflicted on countries in the Global South, as well as the intensification of racism and attacks on migrant workers. At the same time, Global Slump also traces new patterns of social and political resistance—from housing activism and education struggles, to mass strikes and protests in Martinique, Guadeloupe, France and Puerto Rico—as indicators of the potential for building anti-capitalist opposition to the damage that neoliberal capitalism is inflicting on the lives of millions. |
| richard wolff capitalism hits the fan: The Coming of Neo-Feudalism Joel Kotkin, 2023-01-10 Following a remarkable epoch of greater dispersion of wealth and opportunity, we are inexorably returning towards a more feudal era marked by greater concentration of wealth and property, reduced upward mobility, demographic stagnation, and increased dogmatism. If the last seventy years saw a massive expansion of the middle class, not only in America but in much of the developed world, today that class is declining and a new, more hierarchical society is emerging. The new class structure resembles that of Medieval times. At the apex of the new order are two classes—a reborn clerical elite, the clerisy, which dominates the upper part of the professional ranks, universities, media and culture, and a new aristocracy led by tech oligarchs with unprecedented wealth and growing control of information. These two classes correspond to the old French First and Second Estates. Below these two classes lies what was once called the Third Estate. This includes the yeomanry, which is made up largely of small businesspeople, minor property owners, skilled workers and private-sector oriented professionals. Ascendant for much of modern history, this class is in decline while those below them, the new Serfs, grow in numbers—a vast, expanding property-less population. The trends are mounting, but we can still reverse them—if people understand what is actually occurring and have the capability to oppose them. |
| richard wolff capitalism hits the fan: Murder as a Fine Art David Morrell, 2013-05-07 A brilliant historical mystery series begins: in gaslit Victorian London, writer Thomas De Quincey must become a detective to clear his own name. Thomas De Quincey, infamous for his memoir Confessions of an English Opium-Eater, is the major suspect in a series of ferocious mass murders identical to ones that terrorized London forty-three years earlier. The blueprint for the killings seems to be De Quincey's essay On Murder Considered as One of the Fine Arts. Desperate to clear his name but crippled by opium addiction, De Quincey is aided by his devoted daughter Emily and a pair of determined Scotland Yard detectives. In Murder as a Fine Art, David Morrell plucks De Quincey, Victorian London, and the Ratcliffe Highway murders from history. Fogbound streets become a battleground between a literary star and a brilliant murderer, whose lives are linked by secrets long buried but never forgotten. |
| richard wolff capitalism hits the fan: In My Kitchen Deborah Madison, 2017-03-28 Finalist for the 2018 James Beard Foundation Book Awards for Vegetable-Focused Cooking category From the foremost authority on vegetarian cooking and one of the most trusted voices in food comes a carefully curated and updated collection of 100 favorite and most inspired recipes, reflecting how Deborah Madison loves to cook now. Deborah Madison's newest book shares 100 beloved and innovative recipes from her vast repertoire, all pared down to the key ingredients needed to achieve delicious, nuanced flavor, with simplified preparations. In My Kitchen is a vegetable-forward cookbook organized alphabetically and featuring recipes like Roasted Jerusalem Artichoke Soup with Sunflower Sprouts; Fennel Shaved with Tarragon and Walnuts; and Olive Oil, Almond, and Blood Orange Cake. With dozens of tips for building onto, scaling back, and creating menus around, Deborah's recipes have a modular quality that makes them particularly easy to use. Perfect for both weeknight dinners and special occasions, this book will delight longtime fans and newcomers to Madison--and anyone who loves fresh, flavorful cooking. Filled with Deborah’s writerly, evocative prose, this book is not just the go-to kitchen reference for vegetable-focused cooking, but also a book with which to curl up and enjoy reading. Lavishly photographed, with an approachable, intimate package, this is the must-have collection of modern vegetarian recipes from a beloved authority. |
| richard wolff capitalism hits the fan: Bourgeois Equality Deirdre N. McCloskey, 2017-10-13 The last 200 years have witnessed a 100-fold leap in well-being. Deirdre McCloskey argues that most people today are stunningly better off than their forbearers were in 1800, and that the rest of humanity will soon be. A purely materialist, incentivist view of economic change does not explain this leap. We have now the third in McCloskey's three-volume opus about how bourgeois values transformed Europe. Volume 3 nails the case for that transfiguration, telling us how aristocratic virtues of hierarchy were replaced by bourgeois virtues (more precisely, by attitudes toward virtues) that made it possible for ordinary folk with novel ideas to change the way people, farmed, manufactured, traveled, ruled themselves, and fought. It is a dramatic story, and joins a dramatic debate opened up by Thomas Piketty in his best-selling Capital in the 21st Century. McCloskey insists that economists are far too preoccupied by capital and saving, arguing against the position (of Piketty and most others) that capital induces a tendency to get more, that money reproduces itself, that riches are created from riches. Not so, our intrepid McCloskey shows. Bill Gates and Steve Jobs, among the biggest wealth accumulators in our era, didn't get rich through the magic of compound interest on capital. They got rich through intellectual property, creating billions of dollars from virtually nothing. Capital was no more important an ingredient to the original Apple or Microsoft than cookies or cucumbers. The debate is between those who think riches are created from riches versus those who, with McCloskey, think riches are created from rags, between those who see profits as a generous return on capital, or profits coming from innovation that ultimately benefits us all. |
| richard wolff capitalism hits the fan: The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies Erik Brynjolfsson, Andrew McAfee, 2014-01-20 The big stories -- The skills of the new machines : technology races ahead -- Moore's law and the second half of the chessboard -- The digitization of just about everything -- Innovation : declining or recombining? -- Artificial and human intelligence in the second machine age -- Computing bounty -- Beyond GDP -- The spread -- The biggest winners : stars and superstars -- Implications of the bounty and the spread -- Learning to race with machines : recommendations for individuals -- Policy recommendations -- Long-term recommendations -- Technology and the future (which is very different from technology is the future). |
| richard wolff capitalism hits the fan: The Capitalism Papers Jerry Mander, 2012-06-08 In the vein of his bestseller, Four Arguments for the Elimination of Television, nationally recognized social critic Jerry Mander researches, discusses, and exposes the momentous and unsolvable environmental and social problem of capitalism. Mander argues that capitalism is no longer a viable system: What may have worked in 1900 is calamitous in 2010. Capitalism, utterly dependent on never–ending economic growth, is an impossible absurdity on a finite planet with limited resources. Climate change, together with global food, water, and resource shortages, are only the start. Mander draws attention to capitalism's obsessive need to dominate and undermine democracy, as well as to diminish social and economic equity. Designed to operate free of morality, the system promotes permanent war as a key economic strategy. Worst of all, the problems of capitalism are intrinsic to the form. Many organizations are already anticipating the breakdown of the system and are working to define new hierarchies of democratic values that respect the carrying capacities of the planet. |
| richard wolff capitalism hits the fan: Capitalism Hits the Fan Richard D. Wolff, 2012-09-10 A 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. |
| richard wolff capitalism hits the fan: Zombie Capitalism Chris Harman, 2010 We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September–October 2008, leading one apologist for the system, Willem Buiter, to write of the end of capitalism as we knew it. As the crisis unfolded, the world witnessed the way in which the runaway speculation of the shadow banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of zombie banks–financial institutions that were in an undead state and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals. |
| richard wolff capitalism hits the fan: Socialism Or Barbarism István Mészáros, 2001-05 This bold new study analyzes the historical choices facing us at the outset of the new millennium. The author gives new meaning and urgency to the alternatives posed by Rosa Luxemburg at the beginning of the century. His detailed analysis of the roots and development of US global power shows how its supremacy has come at the cost of exhausting the universalising pretensions of capitalism. The destructive tendencies of capitalism are a greater threat today than every before. -- BACK COVER. |
| richard wolff capitalism hits the fan: A People's Guide to Capitalism Hadas Thier, 2018-06-02 A lively, accessible, and timely guide to Marxist economics for those who want to understand and dismantle the world of the 1%. Economists regularly promote Capitalism as the greatest system ever to grace the planet. With the same breath, they implore us to leave the job of understanding the magical powers of the market to the “experts.” Despite the efforts of these mainstream commentators to convince us otherwise, many of us have begun to question why this system has produced such vast inequality and wanton disregard for its own environmental destruction. This book offers answers to exactly these questions on their own terms: in the form of a radical economic theory. “Thier’s urgently needed book strips away jargon to make Marx’s essential work accessible to today’s diverse mass movements.” —Sarah Leonard, contributing editor to The Nation “A great book for proletarian chain-breaking.” —Rob Larson, author of Bit Tyrants: The Political Economy of Silicon Valley “Thier unpacks the mystery of capitalist inequality with lucid and accessible prose . . . . We will need books like A People’s Guide to help us make sense of the root causes of the financial crises that shape so many of our struggles today.” —Keeanga-Yamahtta Taylor, author of Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership “Ranging from exploitation at work to the operations of modern finance, this book takes the reader through a fine-tuned introduction to Marx’s analysis of the modern economy . . . . Thier combines theoretical explanation with contemporary examples to illuminate the inner workings of capitalism . . . . Reminds us of the urgent need for alternatives to a crisis-ridden system.” —David McNally, author of Blood and Money |
| richard wolff capitalism hits the fan: Democracy May Not Exist, But We'll Miss It When It's Gone Astra Taylor, 2019-05-07 “A New Civil Rights Leader” explores what we mean when we speak of democracy and if democracy can truly ever exist (LA Times). There is no shortage of democracy, at least in name, and yet it is in crisis everywhere we look. From a cabal of plutocrats in the White House to gerrymandering and dark-money campaign contributions, it is clear that the principle of government by and for the people is not living up to its promise. The problems lie deeper than any one election cycle. As Astra Taylor demonstrates, real democracy—fully inclusive and completely egalitarian—has in fact never existed. In a tone that is both philosophical and anecdotal, weaving together history, theory, the stories of individuals, and interviews with such leading thinkers as Cornel West and Wendy Brown, Taylor invites us to reexamine the term. Is democracy a means or an end, a process or a set of desired outcomes? What if those outcomes, whatever they may be—peace, prosperity, equality, liberty, an engaged citizenry—can be achieved by non-democratic means? In what areas of life should democratic principles apply? If democracy means rule by the people, what does it mean to rule and who counts as the people? Democracy’s inherent paradoxes often go unnamed and unrecognized. Exploring such questions, Democracy May Not Exist offers a better understanding of what is possible, what we want, why democracy is so hard to realize, and why it is worth striving for. “Astra Taylor will change how you think about democracy. . . . She unpacks it, wrestles with it, with the question of who gets included and how, and excavates the invisible assumptions that have been bred into our idea of democracy.” —Ezra Klein, The Ezra Klein Show “An impressive contribution. . . . Taylor sets out to impart some coherence and substance to the term in order to rescue it from ignorance and obfuscation and displays considerable intellectual nimbleness.” —Randall Kennedy, The New York Times Book Review “Magnificent, paradigm-shifting . . . Taylor’s deep and wide examination of democratic movements, conversations, and grassroots institutions makes the reader feel . . . democracy as pleasure of thinking and acting.” —The Los Angeles Review of Books |
| richard wolff capitalism hits the fan: Capitalism Vs. Freedom Rob Larson, 2018 A single-handed debunking of libertarian economics and the age of Friedman. |
| richard wolff capitalism hits the fan: Mean Girl Lisa Duggan, 2019-05-14 Astute.—New York Times Ayn Rand’s complicated notoriety as popular writer, leader of a political and philosophical cult, reviled intellectual, and ostentatious public figure endured beyond her death in 1982. In the twenty-first century, she has been resurrected as a serious reference point for mainstream figures, especially those on the political right from Paul Ryan to Donald Trump. Mean Girl follows Rand’s trail through the twentieth century from the Russian Revolution to the Cold War and traces her posthumous appeal and the influence of her novels via her cruel, surly, sexy heroes. Outlining the impact of Rand’s philosophy of selfishness, Mean Girl illuminates the Randian shape of our neoliberal, contemporary culture of greed and the dilemmas we face in our political present. |
| richard wolff capitalism hits the fan: The Global Minotaur Yanis Varoufakis, 2011-08-18 In this remarkable and provocative book, Yanis Varoufakis explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a 'Global Minotaur' was born. Just as the Athenians maintained a steady flow of tributes to the Cretan beast, so the 'rest of the world' began sending incredible amounts of capital to America and Wall Street. Thus, the Global Minotaur became the 'engine' that pulled the world economy from the early 1980s to 2008. Today's crisis in Europe, the heated debates about austerity versus further fiscal stimuli in the US, the clash between China's authorities and the Obama administration on exchange rates are the inevitable symptoms of the weakening Minotaur; of a global 'system' which is now as unsustainable as it is imbalanced. Going beyond this, Varoufakis lays out the options available to us for reintroducing a modicum of reason into a highly irrational global economic order. An essential account of the socio-economic events and hidden histories that have shaped the world as we now know it. |
| richard wolff capitalism hits the fan: Finders Keepers Craig Childs, 2010-08-25 To whom does the past belong? Is the archeologist who discovers a lost tomb a sort of hero -- or a villain? If someone steals a relic from a museum and returns it to the ruin it came from, is she a thief? Written in his trademark lyrical style, Craig Childs's riveting new book is a ghost story -- an intense, impassioned investigation into the nature of the past and the things we leave behind. We visit lonesome desert canyons and fancy Fifth Avenue art galleries, journey throughout the Americas, Asia, the past and the present. The result is a brilliant book about man and nature, remnants and memory, a dashing tale of crime and detection. |
| richard wolff capitalism hits the fan: What Would the Great Economists Do? Linda Yueh, 2018-06-05 An exploration of the life and work of world-changing thinkers--from Adam Smith to John Maynard Keynes--and how their ideas would solve the great economic problems we face today--Amazon.com. |
| richard wolff capitalism hits the fan: Animal Stories Max Evans, 2013-08-26 Legendary western author Max Evans has spent his entire life working with cows and horses. These rangeland animals, and other creatures both domestic and wild, play pivotal roles in his stories. This magnificent collection, beautifully illustrated by cowboy artist Keith Walters, showcases twenty-six animal tales penned by Evans during his long and celebrated career. Both fiction and nonfiction, the stories in this collection get us inside the heads and hearts of numerous four-legged critters—dogs, horses, burros, goats, cattle, deer, coyotes, and more. “The Old One,” for example, shows us the world through the eyes of a prairie dog as she watches her latest litter of pups rolling and tumbling around the mound and thinks of all the things she will need to teach them. And in “The One-Eyed Sky,” an aging cow with a new calf and an old coyote with a litter to feed circle each other warily, trying to protect their young, until a rancher intervenes. Not one to shy away from difficult subjects, Evans also delves into the “animal nature” of human beings, as in “The Heart of the Matter,” where two Vietnam vets and friends kill a deer and then turn their rifles on each other. These captivating tales display Evans’s trademark mix of raucous humor and vivid, poetic descriptions of the high plains of West Texas and his beloved Hi-Lo Country in northeastern New Mexico. He reminds his readers of simpler times and more honorable people even as he evokes the merciless environment in which his characters, both animal and human, struggle to survive. |
| richard wolff capitalism hits the fan: 101 Things Everyone Should Know About Economics Peter Sander, 2013-12-03 Economics, demystified! From the collapse of housing prices to the thousand-point drops in the stock market, the past five years have been full of economic crises. These changes not only affect the overall market--they can also drastically influence your personal finances and day-to-day life. In this easy-to-understand guide, Peter Sander explains how the financial system works, as well as the most important concepts, terms, and programs in economics. Using simple language, he details how the evolving climate will affect world economies--and what kind of shifts you are going to see in your finances as a result. In this updated edition, Sander also includes valuable information on: The housing market and what it may do in the future The impact of Obamacare on the economy The scope of the Great Recession and how the U.S. is still struggling to recover How to take advantage of the economy as it begins to rise again An essential guide, 101 Things Everyone Should Know about Economics, 2nd Edition helps you fully understand today's economy and shows you how to secure your financial future even as the market changes. |
| richard wolff capitalism hits the fan: The Divide Matt Taibbi, 2014-04-28 A scathing portrait of an urgent new American crisis Over the last two decades, America has been falling deeper and deeper into a statistical mystery. As poverty has gone up, crime rates have come down, but the prison population has doubled. Meanwhile, fraud by the rich wipes out 40 per cent of the world’s wealth — yet the rich get massively richer, and no one goes to jail. In search of a solution, journalist Matt Taibbi discovered the Divide, the seam in American life where two troubling trends — growing wealth-inequality and mass incarceration — come together. Basic rights are now determined by wealth or poverty, allowing the hyper-wealthy to go unpunished, and turning poverty itself into a crime. In The Divide, Taibbi takes us on a galvanising journey through both sides of the justice system. He uncovers the startling looting that preceded the financial collapse, and the story of a whistleblower who got in the way of the largest banks in America, only to find herself in the crosshairs. On the other side of the Divide, he shows how the newly punitive welfare system treats its beneficiaries as thieves, while stop-and-frisk practices have led to people being arrested for standing outside their own homes. Through these astonishing — and enraging — accounts, Taibbi lays bare America’s perverse new standard of justice: a system that devours the lives of the poor, turns a blind eye to the destructive crimes of the wealthy, and implicates us all. |
| richard wolff capitalism hits the fan: The Communism of Capital? Armin Beverungen, Anna-Maria Murtola, Gregory Schwartz, 2013-08 The communism of capital? What could this awkward turn of phrase mean, and what might it signify with regards to the state of the world today? Does it merely describe a reality in which communist demands are twisted to become productive of capital, a capitalist realism supplemented by a disarmed communist ideology? Or does the death of the capitalist utopia mean that capital cannot contain the antagonism expressed by Occupy and other movements anymore, and therefore must confront communism upfront? Is there hope to be gleaned from a production in common which prefigures a certain communism we can discern at the horizon? Or is the communism of capital merely a figure to be destroyed as we seek the communism of communists? The 12 contributions to this latest issue of ephemera explore the valances of the paradoxical and seemingly incoherent expression that is 'the communism of capital'. Collectively they stake out new territory for the theorisation and organization of political struggle in a context in which capital has become increasingly aware that its age-old nemesis might today be lurking at its very heart. |
| richard wolff capitalism hits the fan: The Coming Economic Armageddon Dr. David Jeremiah, 2010-10-01 Never before have we read such jarring headlines, distressing news analyses, or dire predictions concerning the world's financial future. The American housing market -- or, more sentimentally, the American dream -- began to collapse in 2006, taking with it large chunks of the global financial system. Millions of jobs worldwide have vanished forever. Did Bible prophecy predict this catastrophe? Are there biblical clues to how soon, if ever, a viable, long-term recovery can be sustained? Is the financial collapse just one of several signs that we are living in the final days of Earth's history. In The Coming Economic Armageddon, David Jeremiah says we can know the meaning behind what we see in the daily news -- and understand and prepare for living in the New Global Economy. |
| richard wolff capitalism hits the fan: The Blindness of Insight Dilip M. Menon, 2006 |
| richard wolff capitalism hits the fan: Efficiency, Finance, and Varieties of Industrial Policy Akbar Noman, Joseph E. Stiglitz, 2016-11-29 Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources. |
| richard wolff capitalism hits the fan: Business as Usual Paul Mattick, 2011-05-15 The recent global economic downturn has affected nearly everyone in every corner of the globe. Its vast reach and lingering effects have made it difficult to pinpoint its exact cause, and while some economists point to the risks inherent in the modern financial system, others blame long-term imbalances in the world economy. Into this debate steps Paul Mattick, who, in Business as Usual, explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick explains that today’s recession is not the result of a singular financial event but instead is a manifestation of long-term processes within the world economy. Mattick argues that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy. He uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future. Although Business as Usual engages with many economic theories, both mainstream and left-wing, Mattick’s accessible writing opens the subject up in order for non-specialists to understand the current economic climate not as the effect of a financial crisis, but as a manifestation of a truth about the social and economic system in which we live. As a result the book is ideal for anyone who wants to gain a succinct and jargon-free understanding of recent economic events, and, just as important, the overall dynamics of the capitalist system itself. |
| richard wolff capitalism hits the fan: New Departures in Marxian Theory Stephen Resnick, Richard Wolff, 2006-09-27 Over the last twenty-five years, Stephen Resnick and Richard Wolff have developed a groundbreaking interpretation of Marxian theory generally and of Marxian economics in particular. This book brings together their key contributions and underscores their different interpretations. In facing and trying to resolve contradictions and lapses within Marxism, the authors have confronted the basic incompatibilities among the dominant modern versions of Marxian theory, and the fact that Marxism seemed cut off from the criticisms of determinist modes of thought offered by post-structuralism and post-modernism and even by some of Marxism’s greatest theorists. |
Richard - Wikipedia
Richard Theodore Otcasek (1944–2019), known as Ric Ocasek, frontman for the Cars; Richard Patrick (born 1968), lead singer and guitarist of Filter; Richard Wayne Penniman (1932–2020), …
Meaning, origin and history of the name Richard
Dec 1, 2024 · It was borne by three kings of England including the 12th-century Richard I the Lionheart, one of the leaders of the Third Crusade. During the late Middle Ages this name was …
Richard Name Meaning, Origin, History, And Popularity
Aug 26, 2024 · Richard is a popular male name with Germanic roots and royal connections. Read on to learn more about it.
Richard Name Meaning: History, Gender & Pronunciation - Mom …
Feb 17, 2025 · Richard Gwyn: Also known as Richard White, illegally taught Catholic schoolchildren in Wales and was executed by Queen Elizabeth I for refusing to convert to …
Richard - Baby Name Meaning, Origin, and Popularity
Aug 7, 2024 · Richard is a boy's name of German origin, meaning "brave ruler." It is made of the Germanic elements rich "ruler" and hard "brave." The name Richard was one of the most …
Richard Name Meaning, Origin, Popularity, Boy Names Like Richard …
What is the meaning of the name Richard? Discover the origin, popularity, Richard name meaning, and names related to Richard with Mama Natural’s fantastic baby names guide.
Origin and Meaning of the Name Richard - namelogy.org
Richard is a timeless and classic masculine name that has stood the test of time. In this article, we will delve into the origin, meaning, variations, and cultural influences of the name Richard. So …
Richard - Meaning of Richard, What does Richard mean? - BabyNamesPedia
Richard is used chiefly in the Czech, Dutch, English, French, and German languages, and its origin is Germanic and English. From Germanic roots, its meaning is powerful ruler . A two …
Name Richard Meaning, Origin etc. - Boy Names - Baby Name Richard
See the meaning of the name Richard, additional information, categories, pronunciation, popularity, similar and other popular and unique baby names.
Richard: Name Meaning and Origin - SheKnows
In French Baby Names the meaning of the name Richard is: Powerful; strong ruler. A Teutonic name from the European Middle Ages. England's King Richard Coeur de Lion was a crusading …
Richard - Wikipedia
Richard Theodore Otcasek (1944–2019), known as Ric Ocasek, frontman for the Cars; Richard Patrick (born 1968), lead singer and guitarist of Filter; Richard Wayne Penniman (1932–2020), …
Meaning, origin and history of the name Richard
Dec 1, 2024 · It was borne by three kings of England including the 12th-century Richard I the Lionheart, one of the leaders of the Third Crusade. During the late Middle Ages this name was …
Richard Name Meaning, Origin, History, And Popularity
Aug 26, 2024 · Richard is a popular male name with Germanic roots and royal connections. Read on to learn more about it.
Richard Name Meaning: History, Gender & Pronunciation - Mom …
Feb 17, 2025 · Richard Gwyn: Also known as Richard White, illegally taught Catholic schoolchildren in Wales and was executed by Queen Elizabeth I for refusing to convert to Anglicanism . Is …
Richard - Baby Name Meaning, Origin, and Popularity
Aug 7, 2024 · Richard is a boy's name of German origin, meaning "brave ruler." It is made of the Germanic elements rich "ruler" and hard "brave." The name Richard was one of the most popular …
Richard Name Meaning, Origin, Popularity, Boy Names Like Richard …
What is the meaning of the name Richard? Discover the origin, popularity, Richard name meaning, and names related to Richard with Mama Natural’s fantastic baby names guide.
Origin and Meaning of the Name Richard - namelogy.org
Richard is a timeless and classic masculine name that has stood the test of time. In this article, we will delve into the origin, meaning, variations, and cultural influences of the name Richard. So sit …
Richard - Meaning of Richard, What does Richard mean? - BabyNamesPedia
Richard is used chiefly in the Czech, Dutch, English, French, and German languages, and its origin is Germanic and English. From Germanic roots, its meaning is powerful ruler . A two-element name, …
Name Richard Meaning, Origin etc. - Boy Names - Baby Name Richard
See the meaning of the name Richard, additional information, categories, pronunciation, popularity, similar and other popular and unique baby names.
Richard: Name Meaning and Origin - SheKnows
In French Baby Names the meaning of the name Richard is: Powerful; strong ruler. A Teutonic name from the European Middle Ages. England's King Richard Coeur de Lion was a crusading knight.
