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Labor / Economics

Stories about Labor and Economics.

Reimagining democratic public ownership for the twenty-first century

By: 
Thomas Hanna and Mathew Lawrence

As we enter the second decade of the new century, signs of crisis are all around us. Climate change, rising economic inequality, assaults on workers’ rights and wages, unchecked corporate power, financialization, entrenched racism, misogyny, and xenophobia, and emboldened neo-fascism and right-wing populism, to name a few.  The entwined crises we face share a deep-rooted common cause: the undemocratic, inequitable, and extractive nature of our economic system. Despite the veneer of a prosperous recovery from the great financial crisis a decade ago many people rightly feel the economy no longer works for them and this is contributing to a deep popular disenchantment and realignment that is reconfiguring our politics and societies.

The Science of Lethality

By: 
Joan Roelofs

The geographical scope of the US military is larger than the world, as even without the “Space Force” the militarization of space has proceeded apace. On this earth, there is its division into “commands.”

We must not forget the US continental sprawl of bases, training grounds, bombing ranges, and oceanic military preserves, and similar uses of US colonies. There are US bases in over 160 foreign lands.

If This Era of Automation Mirrors the Past, We're in Trouble

By: 
Thor Benson

“but to the degree that large industry develops, the creation of real wealth comes to depend less on labour time and on the amount of labour employed than on the power of the agencies set in motion during labour time, whose ‘powerful effectiveness’ is itself in turn out of all proportion to the direct labour time spent on their production, but depends rather on the general state of science and on the progress of technology…labour no longer appears so much to be included within the production process; rather, the  human being comes to relate more as watchman and regulator to the production process itself…as soon as labour in the direct form has ceased to be the great well spring of wealth labour time ceases and must cease to be its measure…”

Karl Marx

The Grundrisse

How Economists Tricked Us Into Thinking Capitalism Works

By: 
Robert R. Raymond

In fact, the political economist Eleanor Ostrom actually won the Nobel Prize in Economics in 2009 for disproving the long-held belief known as the “tragedy of the commons,” a theory which held that resources held in common by communities would naturally be overused and depleted. Ostrom’s work demonstrated that this assumption is false, and that it is in fact very possible for resources to be managed collectively without privatization.

French Strike: Electricity Workers Light Poor Homes On Christmas, Cut-Off Power To Police And Big Business

By: 
Salvador Soler

There is no “Christmas truce” for the workers of the Electricity Company of France (EDF) who are on strike.

Cuban Workers Celebrate Salary Rise From New Economic Measures

By: 
Helen Yaffe

‘Today is Cuban workers’ day!’ a Cuban friend told me in late June, beaming at the news that all employees of the island’s ‘budgeted’ state sector would receive significant salary rises, commencing from 1 July 2019. Cuba’s budgeted sector incorporates organisations and entities which operate with a state budget and mostly provide services free to the population without returning revenue to the state. This includes public health , education, culture and sport, public administration, community services, housing and defence.

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