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Archive for October, 2008
Microcommunism & Macrocapitalism
Oct 30th
Capitalism vs. Democracy, Part II.
In my last post, I summarized a lecture by Rick Wolff, a Marxist economist and professor of Economics at UMass Amherst. Wolff argued that the current economic crisis is just a case of “capitalism hitting the fan,” the inevitable outcome of neoliberal (i.e. conservative Republican and status-quo Democrat) policies gone right. He [...]
Capitalism vs. Democracy
Oct 30th
Zack Exley sent me a link to this video lecture by Zack’s former Economics professor Rick Wolff at UMass. Wolff talks about the current economic crisis from a Marxist perspective, insisting that the crisis is much more than merely financial in nature. Wolff argues that the current crisis is a case of “capitalism hitting the [...]
The Invisible Iron Hand
Oct 25th
In an essay first written in 1996,1 Noam Chomsky displays how the “free market” economies of the U.S. and Britain only began to accept the terms of the competitive market after at least century-long periods of government protectionism and interventionism. In other words, Britain and the U.S. started playing the “free market” only when it was [...]
