Democracy at Work A Cure for Capitalism

ISBN-10: 1608462471

ISBN-13: 9781608462476

Edition: 2012

Authors: Richard D. Wolff

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“Ideas of economic democracy are very much in the air, as they should be, with increasing urgency in the midst of today’s serious crises. Richard Wolff’s constructive and innovative ideas suggest new and promising foundations for 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"Probably America's most prominent Marxist economist."—The New York TimesCapitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid, and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve.One key cause for this intolerable state of affairs is the lack of genuine democracy in our economy as well as in our politics. The solution requires the institution of genuine economic democracy, starting with workers managing their own workplaces, as the basis for a genuine political democracy.Here Richard D. Wolff lays out a hopeful and concrete vision of how to make that possible, addressing the many people who have concluded economic inequality and politics as usual can no longer be tolerated and are looking for a concrete program of action.Richard D. Wolffis professor of Economics emeritus at the University of Massachusetts, Amherst. He is currently a visiting professor at the New School University in New York. Wolff is the author of many books, includingCapitalism Hits the Fan: The Global Economic Meltdown and What to Do About It. He hosts the weekly hour-long radio programEconomic Updateon WBAI (Pacifica Radio) and writes regularly forThe Guardian,, and the MRZine.
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Book details

List price: $24.99
Copyright year: 2012
Publisher: Haymarket Books
Publication date: 11/8/2012
Binding: Paperback
Pages: 210
Size: 5.75" wide x 7.75" long x 0.50" tall
Weight: 0.748
Language: English

Capitalism in Deep Trouble
Capitalism and Crises
Capitalism's Instability and Unevenness
Welfare State Capitalism, 1945-1970s
Capitalism, 1970s-2007: The Crisis Building from Below
Capitalism, 1970s-2007: The Crisis Building from Above
A Digression on What or Whom to Blame
Crisis and Government Response
The Bailouts and Federal Budget Deficits
The Bailouts and the National Debt
The Bailouts, Monetary Agencies, and Monetary Policies
Crises, Forms of Capitalism, and Beyond
State Capitalism
What Is to Be Done?
The Major Problems of Private Capitalisms
Distributing the Surplus
Private Capitalism and Democracy
The Major Problems of State Capitalism
Key Differences between Capitalism and Socialism
Twentieth-Century Socialisms
Socialism and Surplus Analysis
Socialism and Democracy
A Concluding Parable
Workers' Self-Directed Enterprises as a Cure
What "Self-Directed" Means
Worker-Owned Enterprises
Worker-Managed Enterprises
How WSDEs Work Internally
The Two Kinds of Workers in Every WSDE
Handling Technical Change
Handling Environmental Issues
Handling the Distribution of Incomes and of Jobs
Property Ownership, Markets, Planning, and the Efficiency Myth
Macro-Level and Micro-Level Transformations
Ownership of WSDEs
WSDEs and Markets
Economic and Political Democracy
Democracy in the Workplace
Containing Democracy
Democracy and Crises
WSDEs in Modern Societies
The Competitive Success of WSDEs
When WSDEs and Capitalist Enterprises Coexist
WSDEs and the State: Economic Flows
WSDEs and the State: Political Flows
Program and Personnel for Increasing WSDEs
A Federal Jobs Program
Alliances with Cooperative Movements
Alliance with the Trade Union Movement
The "Organic Intellectuals" of the WSDE Movement
A New Independent Political Party
About the Author
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