Cover; Half Title; Endorsement; Title Page; Copyright Page; Dedication; Table of contents; Acknowledgements; Introduction: Foundations of Direct Democracy and a New Solidarity Contract; Notes; 1 On the Priority of Wage Labor; 2 Robert Owen and Utopian Thought; The Industrial Revolution and the Radical Response; Owen as Social Reformer; Notes; 3 A Democratic Capitalism?: Ricardian Socialism and Beyond; Ricardian Socialist Theory; Ricardo and Capitalist Exploitation; Ricardian Contributions; Responses to Ricardian Socialists; Notes; 4 Marx's Critique of Political Economy and Class Analysis.

Economic HistoricismSocial Class; Critiques of Marx's Theory of Social Class; Notes; 5 The Conundrum of Marx's Theory of Value; Marx's Labor Theory of Value; Marx's Theory of Exploitation; Capital Accumulation; Monopoly and the Falling Rate of Profit; Globalization and the Welfare State; Notes; 6 A Moral Theory of Justice and a Democratic Economy; Philosophical Foundations; Oligarchy and the Anarchist Response; Inherent Contradictions in Democratic Organization; Major Organizations and the Socialization Process; Domination and Control of Institutions; Organizations and Interests.

Oligarchy as the Iron LawNotes; Conclusion: Against Capital: Unruly Democracy and Popular Economics; Postmodern Anarchism; Anarchist Social Justice; Anarchist Action Plan; Social Justice and the New Economy; Alternative Policy; Notes; References; Index.

While there are signs of recovery from recent economic collapses, relatively few protective measures are in place in the United States to prevent future crises and widespread destruction of livelihoods around the globe. This book, a follow-up and further development of Martin's and Torres' ideas in their acclaimed Savage State: Welfare Capitalism and Inequality, contains a synthesis and critique of economic theory with historical case studies and new discourse on American globalism and its failures to provide for the economic security of millions of people. Since the original publication over ten years ago, there has been a resurgence in radical political economy and critical theory. Instead of "demonizing" the market, Capitalism and Critique draws lessons from the new directions in social theory and seeks clear solutions for future modes of capitalism.

OCLC-licensed vendor bibliographic record.