Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown

Preface: Capitalism’s Deeper Problem

Part I: Crisis 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

The Crisis Enters Year Five

A Tale of Two Lootings

Capitalism and Poverty

Five Reasons Why the Crisis Persists

Capitalism’s Ideological Crutches

Online Education: Another Phony “Revolution”

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

 

Part II: Crisis Economics

Austerity

US Tax Deal Brings Austerity Closer

Main Street Moves against Wall Street

Why Capitalism is Choosing Plan B

Choosing Ryan, Embracing Austerity

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

Attacking Public Employees: Will New York Lead?

Public Sector Squeeze (Max Fraad Wolff co-authorship)

The Real Reason for Public Finance Crisis

The Hidden Money

Social Security’s Explosive Injustices

 

Banking

Bonuses for Bankers, Bankruptcy for Public Services

Lehman Brothers: Financially and Morally Bankrupt

Big Finance’s Pathology Compels the Logic of Socialised 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

Deficits, Debts and Demagogues

 

The So-Called Recovery

Recovery Noises and Political Taboos

Recovery, what recovery?

Economic Recovery for Whom?

After Five Years: Report Card on Crisis Capitalism

Recovery hype: American Capitalism’s Weapon of Mass Distraction

 

 

Part III: Crisis Politics

 

Government Intervention

Government Economic Intervention: For Whom? 

This is No bailout for Main Street America

Ghost of the 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”

On President Obama’s Budget

Ongoing Crisis and Liberal Blindness

The Truth About “Class War” in America

The Political Economy of Obama’s Re-Election

Class War Redux: How the American Right Embraced Marxist Struggle

What GOP-Tea Party Risks With Block of New New Deal

US politics’ True Bipartisan Consensus: Capitalism is Untouchable

 

Part IV Crisis Responses: Going Beyond Capitalism

 

Occupy

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

 

Debates on the Left

What’s left of the American left? 

A New Dawn for the US Left 

A Socialism for the 21st Century

Debating Capitalism – Redefining Outdated Terms

 

Lessons from Labor

Lost Elections’ Strategic Lessons for Workers’ Movements Everywhere

Detroit’s Decline is a Distinctively Capitalist Failure

Organized Labor’s Decline in the US is Well-Known. But what drove it? 

A Lesson from Chattanooga

 

Alternatives

The Threats of Business and the Business of Threats

Manifesto for Economic Democracy and Ecological Sanity

Economic Democracy, Not Austerity or Keynesian Growth

Yes, there is an alternative to capitalism: Mondragon shows the way

Silence is Louder Than Their Words: Effective Economic Policies Neither Candidate Advocates

Economic Prosperity and Economic Democracy: The Worker Co-Op Solution

Socialism and Workers’ Self Directed Enterprises

Index