February 20, 2024
Can the Working Class Change the World? is not written suddenly. Throughout the last decade, capitalism has been increasingly discussed and debated, both by the right and left wing. This is because many people are struggling with economic downturn, wide income gap, unemployment, poverty and environmental crisis. The Lehman Brothers collapse in 2008, almost brought down the global financial system. Later in 2011, the Occupy Wall Street movement began and spread to several countries to protest against the 1%. And in 2018, Ray Dalio, a multibillionaire who is also the founder of Bridgewater Associates, himself admits that capitalism does not function for most people. Today, the assets of the 26 richest individuals in the world is equivalent to the assets of half the world’s citizens (Elliott, 2019). But, if capitalism now has failed, the question is: who fix it?