[URPE] Sunday, April 11th, Oakland, CA: Rick Wolff on "Capitalism's Crisis Continues; What is to be Done?"
robchang at sfsu.edu
Thu Apr 8 10:28:42 MDT 2010
"Capitalism's Crisis Continues; What is to be Done?" A Talk by Rick Wolff
Sunday April 11th, 2010
Location: The Institute for the Critical Study, at the Niebyl-Proctor
Library 6501 Telegraph Ave. Oakland, CA 94609
We are now in Year #3 of the second major collapse of US capitalism in
75 years. The government's "recovery" has benefited banks and
share-holders, not the millions of unemployed and foreclosed.
Subservient to capital, government regulators failed to foresee or
prevent the crisis. Now even modest and hesitant government efforts to
overcome the crisis are stalled or corrupted by capital's wealth and
power in both parties.
A real solution for capitalism's crisis is not another set of
regulations, laws, and promises to prevent future crises. They have
never worked. We need instead to change the system at the base. We can
do better than capitalism. Now is an historical moment when we can and
should say so loudly. Change must be grounded inside the enterprises
where people work; we must reorganize production from the bottom up.
Workers must become their own boards of directors (democratization of
the enterprise) and share their economic power with similarly
organized surrounding communities (democratization of the economy).
On that basis we can better pursue the traditional goals of socialism
(planned economic development for the benefit of all, equal access for
all to basic education, health, cultural, and other social services,
etc.). We must reorganize production so that tiny minorities of people
(whether private corporate boards of directors selected by major
corporate shareholders or state officials) no longer make all the key
decisions (what, how and where to produce and how to dispose of the
profits). That organization has blocked or undone socialism at every
Richard D. Wolff is Professor of Economics Emeritus, University of
Massachusetts, Amherst where he taught economics from 1973 to 2008. He
is currently a Visiting Professor in the Graduate Program in
International Affairs of the New School University, New York City. He
also teaches classes regularly at the Brecht Forum in Manhattan.
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