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Labor / Economics
Stories about Labor and Economics.
The Wobblies emerged more than a century ago, a revolutionary, anti-capitalist union that shook up the nation’s industrialists, including Oregon’s timber barons.
Their political descendants no longer toil in logging camps on the American frontier. Now they’re behind the counters of a beloved fast-food chain in Portland, up to their elbows in burger grease, marionberries and Walla Walla onion rings.
There is serious consideration of establishing a State Bank in California--the fifth largest economy in the world--to enable the state bank to both serve their population and add income to the state's budget. Interestingly, this is being advocated by leading politicians in the state, people who have serious popular support.
I often have occasion to think that, as an “intellectual,” I’m very lucky to be alive at this time in history, at the end of the long evolution from Herodotus and the pre-Socratic philosophers to Chomsky and modern science. One reason for my gratitude is simply that, as I wrote long ago in a moment of youthful idealism, “the past is a kaleidoscope of cultural achievements, or rather a cornucopian buffet whose fruits I can sample—a kiwi here, a mango there—a few papayas—and then choose which are my favorite delicacies—which are healthiest, which savory and sweet—and invent my own diet tailored to my needs. History can be appropriated by each person as he chooses,” I gushed, “selectively employed in the service of his self-creation. The individual can be more complete than ever in the past!”
The world’s investment leader, Warren Buffett, once said, “It’s only when the tide goes out that you realise who has been swimming naked”. When the banking system hit the rocks and the tide turned, the naked were caught disrobed.
Similarly, sometimes it takes a pitch-black economy to reveal who and what in the financial firmament really shines. It is only when darkness falls that one can see the stars twinkle. The moonlight coming from the otherwise bleak sky of the financial world, has been made possible thanks to honest taxpayers, who are transfusing precious blood to the currently bleeding banks.
An admirable corrective to the economic 'happy talk' coming out of the Trump regime.
Do recent political events in Italy herald another global economic crisis?
You are more likely to be killed at work than in a terrorist attack or plane crash. On average, thirteen workers die on the job every day. Most of these deaths are completely preventable. And yet the complex web of state and federal agencies and insurance programs meant to protect worker’ssafety and incomes are persistently under-funded and under attack.
The problem is that we can't just vote socialism into existence. Even if Sanders were elected president--and the bipartisan U.S. political system has and will continue to deploy every trick to make sure he's not--most of the wealth by far that could be redistributed is the private property of the 1 Percent.
That's the biggest reason we can't seem to stop climate change: the laws of capitalism say we can't stop oil companies from pumping out their oil, even if it destroys our species.
In Chicago this coming weekend, 2,500 rank-and-file activists, from the U.S. and abroad, will be meeting under the banner of Labor Notes to celebrate the revival of union militancy, including recent strike victories like the West Virginia teachers’ walk-out.
This conference—nineteenth of its sort since 1981—will be the largest gathering ever hosted by the now Brooklyn-based labor education project. Labor Notes staff train shop stewards and local officers, promote cross-union networks, and publish books and newsletters about union democracy and reform.