"State intervention in the US is described as a temporary device to `restart" the economy. This fails to address the fundamental economic and social issue that real hourly wages have been stagnant for 30 years, a situation masked by having workers work more hours and take more debt.
The US government borrowed trillions to save US capitalism. The US has changed the global credit system. Credit markets shifted the costs of the crash from the US to Europe.
Americans, we would insist, should have the free choice to work either in a hierarchical capitalist enterprise or in a democratic worker-operated enterprise. Americans should be able to choose to buy products made in capitalist versus communist enterprises. For such choice to exist, the government must subsidize and support the development of communist enterprises."
to read the interview with Prof. Richard D. Wolff published June 6, 2010, click on