Labor historians have detailed how the structure of the workplace, the cultural aspects of community, and spatial patterning all impact class consciousness. From coal mining that paradigmatically has the workers living in the hollow and the bosses on the hill to the ethnic enclaves of steel town where different nationality/ethnic groups each occupied their own distinct neighborhoods with taverns, union halls and churches, socialization matters.
Category: Political Economy
The Return of the Russian Revolution: Nature of and Perspectives on the Wave of Social Protest in Russia
"Every generation needs a new revolution"
Thomas Jefferson
"The most dangerous thing is to create a system of permanent revolution."
Vladimir Putin
Did organized money defeat organized labor?
That appears to be the Democratic Party’s takeaway from its humbling defeat in the Wisconsin recall election. That and the ever familiar lament that workers no longer seem capable of voting consistently in their own financial interests, consistency in this case meaning in solidarity with embattled public sector workers and their unions. 38% of households with union members voted for the incumbent, as did a majority of non-college graduates. Walker carried the 10 poorest counties in the state by a 13% margin.
Alternet's "New Economic Visions" Series
Alternet has a new series on “New Economic Visions” that may be of interest to New Politics readers. Here’s the description from Alternet:
The Bipartisan Assault on Higher Education
Obama and Romney agree that the Stafford loan program should be maintained at a 3.4% interest rate, rather than being allowed to double by this July. This, somehow, is seen as a great boon to students and evidence of a bipartisan commitment to the upcoming generation. Keeping interest rates low purportedly encourages prospective students to choose more education than they might otherwise aspire to, to select more expensive colleges than they could otherwise seek, and to finance this education through more debt than they would otherwise incur.
Every Day Is Memorial Day
(Written the Saturday and Sunday of Memorial Day weekend 2011,when I was my usual long-term unemployed due to only temporary service work available at that time.—GF, May 18, 2012)
Goodbye, Mr. Keynes?
Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. Reaktion Books, London, 2011. 126 pp.
The Alfred Marshall the Left Doesn't Know
Most leftists know economist Alfred Marshall (1842-1924), if they know him at all, only through the superficial account of him given in Robert Heilbroner's The Worldly Philosophers,[1] as only a fusty Victorian preoccupied with abstract mathematical models of economic equilibrium.
The “Jobs For All” Issue: It’s Still the Economy and Unemployment Front and Center, Not the Occupy Movement
Noted socialist writer Upton Sinclair wrote, “It is difficult to make a man understand something when his salary depends on his not understanding it.” That doesn’t just apply to the business and managerial classes alone—I submit, it can also apply to those who are economically comfortable either as workers or as retirees—and thus have no inkling of what it’s like to be one of the working poor, what it’s like to be chronically unemployed and “living” on a mere $600/month in unemployment compensation, to live
Letter from Ireland: Queen Lizzy’s Tour of Shame
Here’s another one for the Irish history books: Queen Elizabeth II making a state visit to the Republic of Ireland, the first British monarch to do so since 1911. The visit began on May 18, and massive security made sure that most of the island was experiencing a lock down. She and her husband, Phillip, made Dublin their first port of call.
Occupy Wall Street and Labor: The Closest of Strangers
A sign on a lower Broadway storefront window just one block south of Wall Street reads “I can’t afford a lobbyist, so I organize.” The sign, one of many put up by Occupy Wall Street activists, sits inside a cavernous street floor space the United Federation of Teachers lent gratis to OWS for storage and coordination. The UFT, like other city unions, can afford lobbyists—subsidized by its own members through voluntary contributions.
The Greek and the European Crisis in Context
At the beginning of the new millennium, Greece, a weak, peripheral nation in the European economy, was still licking its wounds from the greatest politico-financial scandal in its post-war history — the collapse of the Athens stock exchange. The wild stock market speculation had been fuelled by often-repeated statements from various government officials (with Finance Minister Yiannos Papantoniou leading the chorus) that the upward trend was an accurate reflection of the robust state of the real economy.
Carl Davidson, Bill Ayers, and Zig Ziglar Moments
Adapted from an article originally published in the May 2011 Indianapolis Peace & Justice Journal—GF
A Taxonomy of Capitalist Sharks
Trying to reform Capitalism is a futile as preaching Vegetarianism to a Shark. And nearly as dangerous. Stay away from those gaping greedy Jaws if you don’t want to get eaten alive—the sorry Fate of many idealistic Liberals and Social Democrats! (See fig. 1)
Behind the Euro Crisis: Germany Gambles on the Old Dream of European Hegemony
German industrial and financial power is the key to understanding the complex and often confusing international maneuvers around the Crisis of the Euro. Germany is Europe’s industrial powerhouse, the only country that has survived the Great Recession with a healthy economy, low unemployment, rising GDP, social stability and a favorable balance of trade. Yet, only within the solid framework of a strong European Union can Germany, Europe’s principal creditor nation, ever hope to collect on her Southern European loans and investments.
Social Security and the 1%
New Politics’ co-editor, Betty Mandell, recently championed Social Security as a fundamental universal right rejecting any recourse to selectivity through means testing. This is the first line in any robust defense of this “entitlement,” the right to live in dignity with a modicum of comfort in retirement. What is upheld in this is the fundamental distinction between a social insurance program of deferred benefits and a social assistance program.
The Greek and the European Crisis in Context
AT THE BEGINNING OF THE NEW MILLENNIUM, Greece, a weak, peripheral nation in the European economy, was still licking its wounds from the greatest politico-financial scandal in its post-war history — the collapse of the Athens stock exchange. The wild stock market speculation had been fueled by often-repeated statements from various government officials (with Finance Minister Yiannos Papantoniou leading the chorus) that the upward trend was an accurate reflection of the robust state of the real economy.
On Strike
On Thursday, House Speaker John Boehner told the Economic Club of Washington, DC, “Job creators in America are essentially on strike.”
He was quite right. Although most people have heard of a strike by workers, capital too can go on strike, and often has done so to achieve its political and economic goals.
Economists Sam Bowles and Herb Gintis explained in their book Democracy and Capitalism how the capital strike works:
Jobs and Deficits: Obama Squares the Circle
President Obama outlined his new American Jobs Act before a packed Congress, more than half of whom believe the poor and jobless are undertaxed moochers and that the government does not create jobs. The Democrats will have their hands full.
Hyperactive Deficit Attention Disorder: the economic dyslexia of the Right
Many on the left find it difficult to understand the right wing arguments against countercyclical activity. And I suspect no source of clarification will originate among the knuckle dragging idiots contesting the field for the Republican presidential nomination. Their pronouncements are as exasperating as they are primitive and self-contradictory. But to understand the mindset of the modern reactionary—to impart to it a coherency that it normally cannot do on its own, one cannot avoid plumbing the depths of gold bug-ism.
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