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ISBN-10: 0062305581

ISBN-13: 9780062305589

The polar ice caps are melting, hurricanes and droughts ravish the planet, and Earth’s inhabitants is threatened through catastrophic weather swap. thousands of yank jobs were despatched abroad and aren’t coming again. younger African American males make up the vast majority of America’s felony inhabitants. half the yank inhabitants is terrible or close to terrible, residing precariously at the breaking point, whereas the pinnacle one percentage owns up to the ground 80. govt police-state spying on its electorate is pervasive. accordingly, as former President Jimmy Carter has stated, “we haven't any functioning democracy.”

Imagine: dwelling in a Socialist USA is straight away an indictment of yankee capitalism because the root reason behind our spreading dystopia and a cri di coeur for what lifestyles will be like within the usa if we had monetary in addition to a true political democracy. It beneficial properties thirty-one concise and available essays via progressive thinkers and activists on quite a few features of a brand new society and, crucially, on tips on how to get from the place we're now to the place we wish to be, residing in a society that's actually reasonable and just.

“Throughout heritage, those that have sought radical switch have regularly needed to first discredit the information used to prop up ruling elites and build substitute rules for society. The articulation of a attainable socialism as a substitute to company tyranny is, for me, paramount. as soon as principles shift for a wide component to a inhabitants, as soon as the imaginative and prescient of a brand new society grips the preferred mind's eye, the previous regime is done. because of this Imagine: residing in a Socialist USA is a crucial contribution in selling progressive ferment and consciousness.” —Chris Hedges, writer of Death of the Liberal Class

“The most sensible, so much insightful, and such a lot vigorous paintings on socialism to seem in many years. Its new angle offers readers an opportunity to resume the future-vision that when, some time past, positioned Edward Bellamy’s Looking Backward onto the best-ever bestsellers’ checklist or even switched over Eugene Debs. This booklet is certain to have a huge effect at the manner we view our country.” —Paul Buhle, writer of Marxism within the United States

“The loss of life of capitalism, instead of later, is a walk in the park. but situations for transition to socialism, the single method that could retailer humanity from the accrued contradictions of its earlier, are either scarce and sometimes so generalized as to be dead to these locked in today’s determined struggles. How does the good human constellation make the epochal holiday, from our specific areas within the the following and now? In answering this question, socialists needs to follow common ideas to an entire international of particularities, beginning with the pursuits within which they're at once engaged. Imagine: dwelling in a Socialist USA has accumulated below one disguise one of the most talented thinkers and activists of the yankee Left, women and men for whom socialism is the compass that issues to radical transformation—a global wear new footing, snatched again from the precipice.” —Glen Ford, government editor, Black schedule Report

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Industries run by the state, so the mantra went, had to be opened up to private capital which had nowhere else to go, and public utilities like water, electricity, telecommunications and transportation – to say nothing of public housing and public education and health care – all had to be opened up to the blessings of private enterprise and market economics. In some instances there may have been gains in efficiency, but in others not. What did become obvious, however, was that the entrepreneurs who took over these public assets, usually at a discounted rate, quickly became billionaires.

These markets grew from almost nothing in 1990 to circulating nearly $250 trillion by 2005 (total global output was then only $45 trillion) and maybe as much as $600 trillion by 2008. Investors could now invest in derivatives of asset values and ultimately even in derivatives of insurance contracts on derivatives of asset values. This was the environment in which hedge funds flourished, with enormous profits for those who invested in them. Those who managed them amassed vast fortunes (more than $1 billion in personal remuneration a year for several of them in 2007 and 2008, and as much as $3 billion for the top earners).

The term ‘national bail-out’ is inaccurate. Taxpayers are simply bailing out the banks, the capitalist class, forgiving them their debts, their transgressions, and only theirs. The money goes to the banks but so far in the US not to the homeowners who have been 30╇ The Disruption foreclosed upon or to the population at large. And the banks are using the money, not to lend to anybody but to reduce their leveraging and to buy other banks. They are busy consolidating their power. This unequal treatment has prompted a surge of populist political anger from those living in the basement against the financial institutions, even as the right wing and many in the media castigate irresponsible and feckless homeowners who bit off more than they could chew.

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