Wolff assesses how the crisis is evolving with special attention to its broad social effects. He covers these topics: where is “recovery” underway and where further decline? What are the successes and failures of government intervention in the economy? How is Obama’s program different from FDR’s in the 1930s and different from government programs today in Europe, China and elsewhere? Have the underlying economic and social causes of this crisis been altered? How do we explain weak responses by the US left and labor movement both to the crisis and to the government’s programs to overcome it?

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