Cassiodorus's blog

Book review: Does Capitalism Have A Future?

Book review: Wallerstein, Immanuel et al. Does Capitalism Have A Future? Oxford: Oxford UP, 2013.

(crossposted to Firedoglake and to DailyKos.com)

This book is a "response" anthology, with the lead author being Immanuel Wallerstein, prominent world-systems theorist, laying out his hypothesis for postcapitalism. Even though I am sympathetic to Wallerstein's hypothesis, I find its logic a bit brief. Wallerstein argues that a number of trends in present-day world-society will converge and produce a transition to a postcapitalist world-society, and that what is going on now is the struggle to define what the world after capitalism will be like.

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On inequality and education

(Folks, this is a reprise of a diary I posted in July of this year over at Kos -- it made the Rescued list. It takes the form of a commentary upon a Chronicle of Higher Education piece. The most important thing to take away from this diary is that of the utter and complete bogusness of the "reform agenda," whether it be Republican or Democratic.

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Union songs for the Wal-Mart strike

At this point anyone who has read Barbara Ehrenreich's Nickel and Dimed can tell you what is at stake with the Wal-Mart worker's strike.  Ehrenreich tried to live off of a Wal-Mart worker's wage, and discovered rather quickly that she couldn't live anywhere in the vicinity of the Wal-Mart at which she was hired, because the rents in that neighborhood were just too high for the paltry wage she was earning.

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