"Capitalism Hits the Fan differs sharply from most other explanations offered by politicians, media commentators, and academics. Step by step, Professor Wolff shows that deep economic structures - the relationship of wages to profits, of workers to boards of directors, and of debts to income - account for the crisis. Government bailout interventions have thrown too little money too late at a problem that requires more than money to solve. As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recessions, and cycles in between). The book's essays engage the long-overdue public discussion about basic structural changes and systemic alternatives needed not only to fix today's broken economy but to prevent future crises." --Book Jacket.

No one has more authority to call the shots the way they really are than Paul Krugman, whose provocative New York Times columns are keenly followed by millions. One of the world's most respected economists, Krugman has been named America's most important columnist by the Washington Monthly and columnist of the year by Editor and Publisher magazine. In this long-awaited work containing Krugman's most influential columns along with new commentary, he chronicles how the boom economy unraveled: how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his devastating dissections of dishonesty in the Bush administration, Krugman tells the uncomfortable truth about how the United States lost its way. And he gives us the road map we will need to follow if we are to get the country back on track.

Frances Fox Piven, one of the country's most celebrated social scientists, raises questions others have not. She examines the ways the war on terror served to shore up the Bush administration's political base and analyzes the manner in which flag-waving politicians used the emotional fog of war to further their regressive social and economic agendas. Always in the past governments that made war sooner or later tried to reward their peoples for the blood and wealth they were forced to sacrifice. During World War II, tax rates on the wealthy rose to 90 percent; toward the end of the Vietnam War, eighteen-year-olds were given the right to vote. In this war, taxes on the rich have been slashed, and democratic rights are being rolled back. Even veteran's benefits have been sharply reduced. The War at Home makes sense of these developments by putting the current domestic fallout of war in the context of history - and by turning an unsentimental eye on the domestic motivations of American militarism.