Understanding Capitalism

Author: Richard D. Wolff Series: Democracy at Work

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Description

"Why does capitalism fail us?" Richard D. Wolff walks readers through this pressing question in a brilliant takedown of an economic system that benefits the few at the great expense of the many.

explores the different definitions of what capitalism is and is not, and dissolves the many myths that, Wolff argues, are designed to confuse and disorient us. Wolff doesn't simply identify the crises and harms manufactured by capitalism, he details a path forward by outlining alternative economic models that combat the exploitation and oppression inherent in capitalism.

shows that our current economic system is only as strong as the ordinary people who enable its existence, and that capitalism's demise requires an organized, collective effort by those who can identify its vulnerabilities and limitations, but also understand that another world is indeed possible.

Critic Reviews

"Probably America's most prominent Marxist economist."
--New York Times Magazine

"Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy."
--Cornel West

"Richard Wolff's constructive and innovative ideas suggest new and promising foundations for a 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

About the Author

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst and a Visiting Professor at the New School University in New York. Wolff's recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His groundbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing why and how to make democratic workplaces real. Wolff hosts the weekly hour-long radio program "Economic Update," which is syndicated on public radio stations nationwide, and he writes regularly for The Guardian and Truthout. Wolff appears frequently on television and radio to discuss his work, with recent guest spots including Real Time with Bill Maher, with Chris Hayes on MSNBC, and Democracy Now! He is also a frequent lecturer at colleges and universities across the country.