Richard Wolff explains throughout this book the exploitative nature of Capitalism and this is a common feature it shares with past oppressive institutions such as slavery and feudalism. Richard Wolff gives some cures for capitalism as it sits on the brink in this day of age. Wolff examines the problems and cycling problem with this economic ideology and offers an alternative if and when capitalism is finally allowed to fail from governments all around the world. A system that is so ope for corruption and mismanagement really deserves to be buried by the human race progressing and ending its failures. History shows a transition could occur much like we have progressed away from slavery and feudalism.
The battle against capitalism has been held back by certain held beliefs that capitalism is beyond criticism. The United States has championed this system and the fear of its end prevails on all levels but the fact is people cannot deny it has been a failure throughout its existence. Collapses and bailouts are all too common features of the modern corporation that has cost the common man much money out of our pockets without our realization. As Wolff points out the numerous crisis caused b capital is through the years are too numerous to mention leaving many jobless and dependent over the years. Small companies are bought out by larger private companies whom shed many jobs and soon run up their own costs and threaten their own existence. The rise of pay for CEOs and those on the boards and at the very top have also dramatically increased with the greed that now runs much of American lead free-market capitalism. Wolff covers the banking crisis and how this industry represents all what is wrong with capitalism and how they control governments responses to their problems at our expense. Richard Wolff is one of the great leading socialists of this day and he suggests a worker self-directed
enterprise to eventually replace all forms of economic exploitative capitalism. The few board members who run today's corporations whose decisions are usually catastrophic for workers would be immediately replaced by the workers whose labor produces any surplus for profit for the organization.
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