The mass of people in our economic system are required to live with the consequences of the decisions made by the corporate leaderships. Decisions for which they are excluded. Legally and in practice.
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Richard D. Wolff
Richard David Wolff (born April 1, 1942) is an American Marxian 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 economics at Yale University, City University of New York, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City. In 1988 he co-founded the journal Rethinking Marxism. In 2010, Wolff published Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It, also released as a DVD. He released three new books in 2012: Occupy the Economy: Challenging Capitalism, with David Barsamian (San Francisco: City Lights Books), Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press), and Democracy at Work (Chicago: Haymarket Books). Wolff hosts the weekly hour-long radio program Economic Update on WBAI, 99.5 FM, New York City (Pacifica Radio) and is featured regularly in television, print, and internet media. The New York Times Magazine has named him "America's most prominent Marxist economist". Wolff lives in Manhattan with his wife and frequent collaborator, Dr. Harriet Fraad, a practicing psychotherapist. 2Early and personal life Richard Wolff's parents were European nationals, who immigrated to the United States during WW II. His father, a French lawyer working until that point in Cologne, got work in Youngstown, Ohio as a steel worker (in part because his European certification was not recognized in the United States), and the family eventually settled outside New York Cit
The human race, if it wanted liberty, equality, fraternity and democracy. Would have to demise a system other and different than capitalism.
Capitalism has always had people who love it and people who hate it.
From 1929 - 1941, The United States had unemployment rates hovering around 20% to 25%, that's 5-6 times the unemployment we have now. And the unemployment we have now is a problem.
Economics have been what philosophers call an agonistic field. A place in which different ways of understanding the economy contest with one another.