“Why does capitalism fail us?” Richard D. Wolff walks readers through this pressing question in a brilliant takedown of an economic system that benefits the few at the great expense of the many.
Understanding Capitalism explores the different definitions of what capitalism is and is not, and dissolves the many myths that, Wolff argues, are designed to confuse and disorient us. Wolff doesn’t simply identify the crises and harms manufactured by capitalism, he details a path forward by outlining alternative economic models that combat the exploitation and oppression inherent in capitalism.
Capitalism oftentimes feels as permanent as the sky above. Understanding Capitalism shows that our current economic system is only as strong as the ordinary people who enable its existence, and that capitalism’s demise requires an organized, collective effort by those who can identify its vulnerabilities and limitations, but also understand that another world is indeed possible.
About the Author
Richard D. Wolff is professor of economics emeritus, University of Massachusetts, Amherst, and a visiting professor at the New School University in New York. Wolff hosts the weekly hour-long radio program Economic Update, which is syndicated on public radio stations nationwide.
What People Are Saying
“Probably America’s most prominent Marxist economist.” New York Times Magazine
"Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy." Cornel West
“Richard Wolff’s constructive and innovative ideas suggest new and promising foundations for a 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