TY - BOOK AU - Wolff,Richard D. AU - Palmieri,Michael L. AU - Dallavalle,Dante TI - Capitalism's crisis deepens : essays on the global economic meltdown 2010-2014 SN - 9781608465958 AV - HB 3722 W855c 2016 U1 - 338.542 PY - 2016/// CY - Chicago, Illinois PB - Haymarket Books KW - Global Financial Crisis, 2008-2009 KW - United States KW - Economic conditions 2009 KW - BUSINESS & ECONOMICS KW - Industries General KW - Economic history KW - Crisis financiera global, 2008-2009 KW - Condiciones económicas KW - Historia económica KW - Estados Unidos N1 - World-renowned economist Richard Wolf explores the roots of the Great Recession and its immense impact on working people; Includes index; 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. 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). 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). 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) N2 - 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 centres, the unequal growth in its new centres 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 ER -