Occupy the Economy: Challenging Capitalism

Occupy the Economy: Challenging Capitalism

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by Richard D. Wolff, David Barsamian
     
 

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Today's economic crisis is capitalism's worst since the Great Depression. Millions have lost jobs, homes, and healthcare. Many with jobs watch pensions, benefits, and job security decline. While most live with increasing uncertainty, the system makes the very wealthy even richer. In eye-opening interviews with prominent economist Richard Wolff, David Barsamian

Overview

Today's economic crisis is capitalism's worst since the Great Depression. Millions have lost jobs, homes, and healthcare. Many with jobs watch pensions, benefits, and job security decline. While most live with increasing uncertainty, the system makes the very wealthy even richer. In eye-opening interviews with prominent economist Richard Wolff, David Barsamian probes the root causes of the current crisis, its unjust social costs, and what can and should be done to turn things around. While others blame corrupt bankers and unregulated speculators or the government or even the poor who borrowed, the authors show that the causes of the crisis run much deeper. They reach back to the 1970s when the capitalist system itself shifted, ending the century-old pattern of rising wages for Americans and thereby enabling the top 1% to become ultra-rich at the expense of the 99%. Since then, economic injustice has become chronic and further corrupted politics. Occupy's indignation with the whole system mobilizes a diverse range of Americans who seek basic change. Occupying the Economy not only clarifies and analyzes the crisis in US capitalism today, it also points toward solutions that can shape a far better future for all.

Richard Wolff is professor of economics at U. Mass, and visiting professor at the New School in New York City. He hosts a program on WBAI and is author of the hit book Capitalism Hits the Fan.

David Barsamian is director of Alternative Radio and author of many interview books, including What We Say Goes with Noam Chomsky.

Editorial Reviews

From the Publisher

"Richard Wolff and David Barsamian truly understand, at the deepest levels, both the need for political, social, and economic change in this nation, and the ways such change can happen. This is an essential read for everybody concerned with the future of the world, from academics to concerned citizens, it's also a brilliant and thoughtful manual that every activist must own."—Thom Hartmann, internationally syndicated radio/TV host, and author of The Last Hours of Ancient Sunlight

"Occupy activists everywhere are heatedly debating the question, "What's next for our movement?' In his collected interviews with David Barsamian, radical economist Richard Wolff lays out a compelling framework for further anti-corporate organizing that focuses on the root of the problem: capitalism and its never-ending assault on the 99%. Occupiers (past, present, and future) now have an intellectual guide to a different kind of economy--one that's equitable, sustainable, and, let's hope, politically achievable, sooner rather than later. Wolff's deep but conversational synthesis of recent practice and older theory couldn't be more timely, persuasive, and readable. This book should be required reading for all labor and community organizers newly inspired by Occupy Wall Street!"—Steve Early, labor activist, journalist, and author of The Civil Wars in U.S. Labor

"We blame corrupt bankers, their industry, and the government who refused to properly regulate it for the financial crisis, but we need to look further back, to a time when the capitalist system itself shifted. Author David Barsamian devotes his entire book to interviews with renowned economist Richard Wolff, during which the two seek to understand the root causes of the current economic crisis, and what concerted efforts by individuals can do to bring about meaningful change."—SF Weekly

""Like the writings of Karl Marx himself, Wolff's Occupy the Economy: Challenging Capitalism (2012, City Lights Books) gives a far more detailed analysis of the current systemic crisis than of how to build an alternative, democratic economy. The book does end, however, with a "Manifesto for Economic Democracy and Ecological Sanity," signed by seven activist intellectuals, which gives strong acknowledgment to the role of co-ops as training grounds for worker democracy. 'The change we propose... as a new and major addition to the agenda for social change,' says the Manifesto, '... is to occur inside production... the workers must become collectively their own bosses, their own board of directors...'"—Jewish Currents

""Wolff, a Marxist economist, gives a deeper analysis of capitalism, so that the 'mysteries' of wealth accumulation become clear in all their exploitative nature. By reading "Occupy the Economy," the reader will unknowingly receive an excellent introductory lesson into Marx's greatest literary achievement, “Capital.”—Smirking Chimp

Product Details

ISBN-13:
9780872865686
Publisher:
City Lights Books
Publication date:
05/08/2012
Series:
City Lights Open Media
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
190
File size:
921 KB

Meet the Author

Richard D. Wolff is Professor of Economics at U. Mass, and Visiting Professor at the New School University. He gives signings throughout the year and averages 2-3 media interviews per day, including A-list outlets like National Public Radio, the Glenn Beck Show, and Democracy Now! Wolff is author of the breakout book, Capitalism Hits the Fan.

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Occupy the Economy: Challenging Capitalism 5 out of 5 based on 0 ratings. 3 reviews.
Portland-Plane More than 1 year ago
Professor Wolff is a Professor of economics for 40 years. He cuts through all the fancy economic terminology to explain in extraordinarily readable language what happened with the Wall St. crash in 2008. The fact that these are 3 recorded conversations makes it a very easy read. He offers an insight that you about why it happened that will educate and amaze you. His clear explanation of how the US Tax Code works pp.98 - 109 is most revealing.
Anonymous More than 1 year ago
BoobooSmed More than 1 year ago
You must read this book! If you read Krugman or Stiglitz, read this too!