Good for Capitalists, Not So Much for Capitalism
Bibliographic Data
| ID | 2369965 |
|---|---|
| Authors | David Fasenfest (0000-0003-2708-7938, Wayne State University, corresponding author) |
| Year | 2011 |
| Volume | 37 |
| Issue | 3 |
| Pages | 259-262 |
| Publication date | 2011-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Critical Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0896-9205 • E-ISSN: 1569-1632 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0896920510396439 |
| OpenAlex | W2009239555 |
| Language | EN |
| References cited | 4 |
We live in truly bizarre times. In the midst of what everyone routinely refers to as a major economic crisis, with the unemployment rate hovering near 10 percent and ever more people leave the ranks of the unemployed discouraged and resigned to never finding another job, and when fiscal austerity is the word of the day because governments at all levels are reeling under the burden of declining revenues, we receive startling news. Quarterly profit figures for corporations are once more at pre-crisis levels. The Obama Administration conceded major tax benefits to the wealthy over the next two years while getting a meager concession to extend special unemployment benefits for another 13 months. Wall Street is giving out record bonuses and partying like, well, like it
Capitalism · Economic system · Economics · Market economy · Neoclassical economics · Political economy · Political science · Politics · Law · Political Economy and Marxism
| Citation velocity | historical |
|---|---|
| Highly cited | No |