Class Analysis

Articles covering aspects of class analysis.

Is capitalism "American"?

  Pete Dominick presses Professor Wolff on his Sirus radio program Stand Up!

Sequester Talk on Russia Today

      On Capitol Hill, there's still no deal in sight to avert the 85-billion-dollars' worth of cuts which will kick in later on Friday. It's known in Washington as the 'sequester' and would see significant reductions on military and domestic spending. But Republicans and Democrats just can't agree on what to do. President Obama says U.S. will get through the deep budget cuts if it has to, but admits the economy will get even worse. Economist Richard Wolff says the American people should prepare for the worst.

Economic Update: Profit, Austerity and Criticizing the System

Updates on profit-driven scandals (horsemeat in Europe and fish in US); how long we work, Correa's anti-austerity victory in Ecuador, and getting public benefits for public investm

Interview with Greek newspaper Eleftherotypia

    It’s been five years since the global financial crisis of 2007-08, yet most advanced capitalist economies are either experiencing weak growth or are in recession. And then, of course, there are the peripheral nations in the euro zone which are in a deep depression. Are you surprised by the severity of the global crisis of 2007-08?   No. Decades-long developments in global capitalism prepared the conditions for a long and deep crisis.

Capitalism Becomes Questionable

originally appeared in MRzine   The depth and length of the global crisis are now clear to millions.  In the sixth year since it started in late 2007, no end is in sight.  Unemployment rates are now less than halfway back from their recession peak to where they were in 2007.  Over 20 million are without work, millions more limited to part-time work, millions have been foreclosed out of their homes.   Those who retain jobs suffer declining real wages, fewer benefits, reduced job security, and more work.

Interview with Jim Banks on KGNU

 

In Capitalist Crisis, Rediscovering Marx

  The rise, fall, and return of Marxian analyses Marxian analyses are now resurfacing in public dialogues about economy and society. Thirty years of systematic and often successful anti-Marxism agitation are fading in politics, the media, academia, and beyond. A new generation discovers and wrestles with the diverse richness of that tradition’s insights. Capitalist economic crisescontributed to Marx’s original insights and to their growing reception across the 19th and 20th centuries. Yet another crisis now renews broad social interest in Marxism.

Austerity, US Style, Exposed

originally appeared in Truthout.org

Income Inequality

    In the United States as in many other capitalist countries, recent decades have seen a growing distance between higher and lower personal incomes. Income inequality and poverty levels have risen. Occasionally defended as necessary, natural, and even desirable by some, most citizens have expressed more or less dismay and opposition to ever-greater personal income inequality. They see that inequality as helping to cause the severe global crisis since 2007. They believe that it strains the implicit social compacts holding contemporary capitalist societies together.

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