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Occupy the Economy: Challenging Capitalism
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 r...more
Paperback, 190 pages
Published
May 8th 2012
by City Lights Publishers
(first published May 1st 2012)
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Wolff gives some interesting history of our capitalistic economy that includes previous spikes and depressions and how they were dealt with succesfully. The 1% tends to be a greedy problem forever that previous Presidents have handled by financing new products such as aviation and the semiconductor industry. He gives some solutions. The one I thought was the most far fetched being that we need private companies controlled by employees at large rather than a select group of 15 board member and sh...more
I had a few problems with this book: 1) Wolff, while skillfully presenting the deficiencies of capitalism and the argument for the replacement of capitalism with Marxism, fails to actually define his ideas as Marxist until very late in the book—choosing instead to refer to them as “anti-capitalist”—a tactic I suspect is designed to lure the uninitiated and uninformed into embracing Marxism without knowing it. 2) He argues that the American capitalist system was perverted by the Federal Reserve a...more
Dr. Wolff's summary of the events that have placed us in today's dire economic straits are spot on, the best I have seen. I have been aware of virtually all of the events de discusses, and have even had the same thoughts about them as Dr. Wolff. However, he has gone the extra step of explaining how these events have not only led from one to the next, but how they interact and feed back to worsen the situation.
The first chapter or two should be mandatory for all Americans. However, the rest of th...more
The first chapter or two should be mandatory for all Americans. However, the rest of th...more
Wolff gives a very reader friendly overview of why capitalism isn't working and why the occupy movement is so important. Very informative. I have listened to Wolff speak on various Pacifica radio shows and his ideas are relevant and if enacted upon, extremely workable in today's society. Some of his facts were amazing and very disturbing - 100 million Americans living on, very near or below the poverty line..20 million officially unemployed. Its terrible and the more capitalism stuffs up, the mo...more
Jan 23, 2013
City Lights
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"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.” —Shamus Cooke, Smirking Chimp
"Occupy activists everywhere are heatedly debating the question, 'What's next for our movement?' In his collected interviews with David Barsamian, radica...more
"Occupy activists everywhere are heatedly debating the question, 'What's next for our movement?' In his collected interviews with David Barsamian, radica...more
A very readable and concise overview of the many failings global capitalism, with a few suggestions as to what might help us move beyond such a dysfunctional system. Presented in an interview format, it covers a lot of ground while it keeps things moving along briskly. My one complaint about the book is that there are several typos in it. Whoever transcribed the conversation into print wasn't particularly diligent in proofreading it.
A good introduction to the thought of Professor Richard Wolff through the lens of the Occupy Movement. For more in-depth analysis, I would recommend some of his other books, as many of those themes are summarized here.
Simply stated, persuasively clear. A short path to understanding the Occupy Movement. Recommended particularly if you haven't a lot of time to study the subject.
Informative.
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Richard D. Wolff (born April 1, 1942, Youngstown, Ohio) is an American economist, well-known for his work on Marxian economics, economic methodology, and class analysis. He is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught econo...more
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