Daily Archives: April 19, 2010

Wolff offers alternatives to economics recovery

Rick Wolff, UMass Amherst Professor Emeritus

Rick Wolff

In an article for MR Zine, Rick Wolff, UMass Amherst economics professor emeritus, argues that the current economic recovery plan, using public money to refinance failed banks, has not worked.  Wolff offers an alternative plan;  the federal government could finance rehiring of the unemployed with two qualifications:  at least half of goods and services produced would have to be green and, second, the enterprises created to re-employ people would differ from traditional capitalist corporations by establishing genuine economic democracy at the workplace.  (MR Zine, 4/18/10)