t may not be polite to mention Karl Marx in America, but leading thinkers on the left think that capitalism may be the cause of climate change and that to save the planet the system needs fundamental reform. According to a new book, the profit motive drives capitalism above all other considerations. It forces us to extract everything from the planet that will …
Richard D. Wolff – Capitalism – Not China – Is to Blame for the Current Global Economic Decline
Capitalism, like a speeding train, barreled into a stone wall in 2008. Shocked and dazed, its leaders have been trying to “recover.” By that, they mean to fix the mangled tracks, reposition the locomotive and cars on those tracks and resume forward motion. No basic economic change, in their view, is needed or even considered. They see no absurdity in …