The Breakdown Of Capitalism The Fight For Socialism In The United States

First Published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

Early in the 20th century, revolutionary socialism was not only gaining momentum but appeared destined to conquer the world. By mid-century, the red flag flew over capitals in Eastern Europe, Russia, China, Southeast Asia, Africa, and Central America; by the 1970s over one-third of the world's population lived under socialist regimes. All that has changed. With the 20th century drawing to a close, the political map of the globe looks very different: most socialist states have collapsed, revolutionary movements have been abandoned, and the United States stands as the world's lone superpower. This unique volume examines these changes—the defeat of Marxism—and suggests that the present historical juncture is but a temporary setback in the march of the working class. The authors propose that Marxism remains the most useful approach in understanding and explaining contemporary capitalism and its decay, as well as the only path toward the liberation of society from class exploitation.

The coming confrontation between the producing majority and the wealthy few, and a perspective on what the United States will look like under a government of workers and farmers.

What, and who, are we working for? A thoughtful assessment on our current society from “probably America’s most prominent Marxist economist” (The New York Times). Capitalism 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. “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, leading public intellectual and author of Hope and Prospects

This book argues against the American capitalist society and makes a case for socialism. The author argues that much of the tragedy we face -- poverty, disease, pollution, war -- are the result of the drive for personal and corporate profit. He presents the pros and cons of socialism and how it could be achieved in the United States.