GCAS (Global Center for Action Studies) is pleased that the renowned economist, Richard Wolff will be speaking in our “Democracy Rising” workshop at the Brooklyn Commons this Saturday at 11 am. The event is free and open to the public (with a suggested donation of $10 that will go to support Democracy at Work).
Capitalism is relocating to new centers in China, India, Brazil, etc. In its old centers, e.g., the US, economic prospects darken. Middle and lower incomes stagnate. Multinational businesses and those they enrich force governments to lower taxes on them and then either raise personal taxes, cut public services or both. Severe decline results (Detroit, Greece, etc) punctuated by severe cyclical downturns. But alternatives exist. Changing the organization of our enterprises offers a way to a far better future.