I’d like to begin by asking a question that has probably occurred to you already: How come despite the biggest economic downturn since the 1930s, and not withstanding the Obama victory which was supposed to have created a center-left realignment, American public opinion has veered to the Right; not the Left? Why have middle class and some working class people been attracted to the Tea Party; not towards progressive organizations; or towards organized labor?
Go back to part 1
Economic Foundations of Business Unionism
The Passive Revolution
Sometimes the story is just an appendage to the back-story. What it means for Sisyphus to watch his rock roll back down the hill can't be understood unless we know it was not exactly the first time. Organized labor's recent effort to move the Employee Free Choice Act — popularly known as "card check" — up Capitol Hill involves a similar back-story.
1. The Crisis of 2007-2008
THE VERY ELDERLY ARE PRONE TO FALL. And unlike infants who also tumble frequently, each time seniors stumble, they risk a disabling or even a fatal injury. On August 9th 2007, after an unparalleled quarter century long expansion, which had been checked in the developed countries only mildly and briefly, capitalism finally tripped and lost its balance with predictable results: banks tottered, while credit and commercial paper markets writhed in paralysis.