Rick Wolff

Rick Wolff is a Professor Emeritus at the University of Massachusetts in Amherst and also a Visiting Professor at the Graduate Program in International Affairs of the New School University in New York. He is the author of New Departures in Marxian Theory (Routledge, 2006) among many other publications. Check out Rick Wolff’s documentary film on the current economic crisis, Capitalism Hits the Fan, at www.capitalismhitsthefan.com. Visit Wolff's Web site at www.rdwolff.com, and order a copy of his new book Capitalism Hits the Fan: The Global Economic Meltdown and What to Do about It.

Capitalism and the Useful Nation State

Mið, 10/03/2010 - 00:00 | Rick Wolff

"With the global collapse of credit, trade, production, employment, and public finances unfolding since 2007, the typical scramble commenced over who would finally have to bear the burden of the immense social costs flowing from that collapse. Enter the usefulness of the nation state. The state's "national debt" becomes everywhere the means to socialize the costs of private capitalism's crisis. It becomes clearer by the day that it is the mass of the citizenry that is being positioned to bear most of those costs."

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