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Economic Prosperity and Economic Democracy: The Worker Co-Op Solution

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This article originally appeared at www.truth-out.org

Workers' self-directed enterprises (WSDEs) are a response to capitalism's failure to deliver economic prosperity and socialism's failure to deliver economic democracy.

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This article originally appeared at www.truth-out.org

Capitalism and Democracy: Year-End Lessons

2013 drove home a basic lesson: US capitalism's economic leaders and their politicians now regularly ignore majority opinions and preferences. For example, polls showed overwhelming popular support for higher taxes on the rich with lower taxes on the rest of us and for reversing the nation's deepening economic inequalities. Yet Republicans and Democrats, including President Obama, raised payroll taxes sharply on January 1, 2013. Those taxes are regressive; they take a smaller percentage of your income the higher your income is above $113,700 per year. Raising the payroll tax increased economic inequality across 2013.

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This article originally appeared at Counterpunch.org

Welcome to Econ… A Q&A with Richard Wolff

Recently, through an e-mail exchange I was able to ask Richard Wolff a few questions about economics and alternatives to capitalism. Dr. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst...

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This article originally appeared at Truth-out.org

Capitalism and Unemployment

Capitalism as a system seems incapable of solving its unemployment problem. It keeps generating long-term joblessness, punctuated by spikes of recurring short-term extreme joblessness. The system's leaders cannot solve or overcome the problem...

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This article originally appeared at The Guardian.

The Great Austerity Shell Game

Barack Obama speaking in March 2013 about the sequester, the automatic spending cuts mandated by Congress. Photograph: Carolyn Kaster/AP

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This article originally appeared at e-International Relations.

US Political Dysfunction and Capitalism’s Withdrawal

After 200 years of concentrating its centers in western Europe, north America, and Japan, capitalism is moving most of its centers elsewhere and especially to China, India, Brazil and so on. This movement poses immense problems of transition at both poles. The classic problems of early, rapid capitalist industrialization are obvious daily in the new centers. What we learn about early capitalism when we read Charles Dickens, Emile Zola, Maxim Gorky and Jack London, we see now again in the new centers.

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This article originally appeared at The Guardian.

US Politics' True Bipartisan Consensus: Capitalism is Untouchable

The economic aim of both major US political parties is, in the end, the same: to protect and reinforce the capitalist system.

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This article originally appeared at Truth-out.

Capitalism Works (or Not) for Me

Curators of New York City’s annual arts festival called us a couple of months ago. Would we be interested in having a public discussion with the artist, Steve Lambert, whose work was a major part of this year’s festival? The festival’s title is “Crossing the Line 2013,” and Lambert’s large neon-lighted installation (9 feet by 20 feet by 7 feet) says “Capitalism Works for Me.” Observers can respond by pressing either a “True” or “False” button.

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