Capitalism hits the fan
Subtitle: the global economic meltdown and what to do about it
By: Richard D. Wolff.
Publisher: Olive Branch Press
Published: 2010
Place of publication: Northampton, Mass
Language: eng
Number of pages: 262
ISBN-13: 9781566567848
Subjects: Financial crises -- United States -- History -- 21st century; Capitalism -- United States -- History -- 21st century; United States -- Economic policy -- 2001-2009
Description: "Capitalism Hits the Fan differs sharply from most other explanations offered by politicians, media commentators, and academics. Step by step, Professor 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. Government bailout interventions have thrown too little money too late at a problem that requires more than money to solve. As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recessions, and cycles in between). The book's essays engage the long-overdue public discussion about basic structural changes and systemic alternatives needed not only to fix today's broken economy but to prevent future crises."--Jacket.
Notes: Includes bibliographical references and index.