Start With Worker Self-Directed Enterprises By Richard D. Wolff
Contemporary capitalism no longer “delivers the goods”—understood as a rising standard of real wages—to the majority of people. That classic defense of its instability (recurrent bouts of unemployment, lost output, and wasted resources), its deepening economic, political, and cultural inequalities (as Thomas Piketty documents), and the attendant injustices are no longer plausible. In the US since the 1970s, and especially since 2007, those who control the dominant capitalist enterprises and the resulting economic “development” made decisions that undermined the delivery of rising standards of living to the mass of people.