{"id":11509,"date":"2012-07-09T11:45:58","date_gmt":"2012-07-09T16:45:58","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=11509"},"modified":"2012-07-09T11:45:58","modified_gmt":"2012-07-09T16:45:58","slug":"report-card-on-crisis-capitalism","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/07\/09\/report-card-on-crisis-capitalism\/","title":{"rendered":"Report Card on Crisis Capitalism"},"content":{"rendered":"<p><em>Truth Out<\/em> has the article <a title=\"Article from Truth Out\" href=\"http:\/\/truth-out.org\/news\/item\/10190-after-five-years-report-card-on-crisis-capitalism\" target=\"_blank\"><strong>After Five Years: Report Card on Crisis Capitalism<\/strong><\/a> by Richard D Wolff.\u00a0 Here is a nice summary from the article:<\/p>\n<blockquote><p>Lets summarize: (1) capitalists decided in the 1970s to computerize and increasingly relocate production overseas; (2) that enabled them to impose wage stagnation and greatly increase surpluses and profits; (3) financial capitalists lent to consumers and built a speculative bubble based on consumer debt; (4) when rising consumer debts exceeded what stagnant wages could afford, the system crashed; (5) capitalists got trillion-dollar bailouts while lending government the money for those bailouts; and (6) now, capitalists make entire populations pay for the crisis and bailouts by directing politicians to impose austerity. This capitalist system not only fails to &#8220;deliver the goods,&#8221; it dumps ever-more-outrageous bads.<\/p><\/blockquote>\n<p>I am not ready to buy into the solutions this author poses.\u00a0 I guess I still have some nostalgic\u00a0 feelings for the good, old fashioned, mixed, capitalist society.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Truth Out has the article After Five Years: Report Card on Crisis Capitalism by Richard D Wolff.\u00a0 Here is a nice summary from the article: Lets summarize: (1) capitalists decided in the 1970s to computerize and increasingly relocate production overseas; (2) that enabled them to impose wage stagnation and greatly increase surpluses and profits; (3) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-11509","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=11509"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11509\/revisions"}],"predecessor-version":[{"id":11510,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11509\/revisions\/11510"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=11509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=11509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=11509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}