The End Of Capitalism Is Already Starting–If You Know Where To Look

getpocket.com ^ | 10/10/2019 | Eillie Anzilotti

[rktman]

(Original pub date was 9/2017)

“Americans are getting closer and closer to understanding that they live in an economic system that is not working for them, and will not work for their kids.”

These days, Richard Wolff is feeling pretty glad he stuck around teaching this long. Now in his 70s and lecturing at the New School University and having become, over the course of his nearly 50-year-long professorial career, one of America’s most prominent Marxist economists, Wolff is used to being fringe.

In 2011, the same year that Occupy Wall Street injected dissatisfaction with the financial system into the American mainstream, Wolff founded Democracy at Work, a nonprofit that advocates for worker cooperatives–a business structure in which the employees own the company, and share decision-making power over salaries, schedules, and where profits are directed. “If I had to pinpoint right now where the transition away from capitalism is happening in the United States, it’s in worker co-ops,” Wolff says. Though he’s been championing the cause of cooperatives–a radically democratic departure from the top-down capitalist business structure–for years, certain recent events, like the 2008 recession and the presidency of Donald Trump, poster boy for corrupt capitalism, have galvanized a distinctly anti-capitalist movement in the U.S.

[antidemoncrat]

Perception often trumps reality.

And then it is too late.

[Paradox]

Capitalism is like Gravity, its just a law of economics. You can fight it, cover it up, or use it, but it is always there.