Topic: Labor / Economics
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What a State-Owned Bank Can Do for New Jersey
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Phil Murphy, the leading Democratic candidate for governor of New Jersey, has made a state-owned bank a centerpiece of his campaign. He says the New Jersey bank would “take money out of Wall Street and put it to work for New Jersey – creating jobs and growing the economy [by] using state deposits to finance…
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An Eco-Revolutionary Tipping Point?
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The system of fossil-fueled neoliberal capitalism is indeed moving toward an end of history, but only in the sense of the end of any historical advance of humanity as a productive, political, and cultural species due to the increasingly barbaric socio-economic and environmental conditions the system creates. There is now no alternative to the end…
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No: No Wall Could Hurt Mexico as Much as NAFTA Has
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President Trump is unlikely to fulfill his dream of forcing Mexico to pay for his proposed wall along the United States’ Southern border. If it is built, though, U.S. taxpayers will almost certainly foot the bill, which some have estimated could be as high as $50 billion. With that said, it’s worth taking a step…
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Despite Scrapping TPP, Donald Trump Is a Dedicated Free Trader
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Whether multi or bilateral, free trade is free trade, and workers, consumers and the environment pay for the profits of corporations. Less than a week after assuming office, President Donald Trump signed an executive order abandoning the 12 nation Trans-Pacific Partnership free trade agreement negotiated by former President Barack Obama, but not yet ratified by the U.S.…
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Utopia: Industrial Workers Taking the Wheel
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Back in the 1970s, with unemployment rising and British industry contracting, workers at the arms company Lucas Aerospace came up with a pioneering plan to retain jobs by proposing alternative, socially-useful applications of the company’s technology and their own skills. The ‘Lucas Plan’ remains one of the most radical and forward thinking attempts ever made by workers to…
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January 1948: Tragic death of immigrant workers inspires a song of solidarity
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The fire began over Los Gatos Canyon. It started in the left engine-driven fuel pump. The plane crashed 20 miles west of Coalinga, California, on January 28, 1948. It came down into hills which, as one commentator noted, at that time of year are “a beautiful green, splendid with wildflowers … a place of breathtaking…
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By Blood and Fire Mining and Militarization in the Ecuadorian Amazon
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Before dawn on the Dec. 21, 2016, dozens of police raided the headquarters of the Shuar Federation (FISCH) in the Ecuadorian Amazon and arbitrarily detained its president, Agustin Wachapá. The indigenous leader was thrown to the ground and repeatedly stamped on and ridiculed beneath the boots of police in front of his wife. The police then…
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How to Cut Infrastructure Costs in Half
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President Donald Trump has promised to rebuild America’s airports, bridges, tunnels, roads and other infrastructure, something both Democrats and Republicans agree should be done. The country needs a full $3 trillion in infrastructure over the next decade. The $1 trillion plan revealed by Trump’s economic advisers relies heavily on public-private partnerships, and private equity firms…