Topic: Labor / Economics
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For a Fighting Ecological Trade-Unionism
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The ITUC wants to believe that a “democratic governance” integrating the “just transition” would open up “new opportunities,” that it would create massively “green jobs,” good and “decent.” This is wishful thinking. Capital invested in the “energy transition” in no way derogates from the ruthless capitalist offensive against wages, working conditions and trade unions. Germany…
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The Robots Taking the Jobs Industry
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There is an old saying that the economy is too simple for economists to understand. There is plenty of evidence of this all around. After all, almost no economists could see the $8 trillion housing bubble, the collapse of which gave us the great recession. Back in the stock bubble days of the late 1990s,…
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Exploitation and Expropriation, or Why Capitalism Must be Attacked with Equal Force on Every Front
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Richard Seymour points out that “To me, it’s straightforward. Class is a social relationship that is structured by race, gender, sexuality, nationality, and a whole range of other determinations. Race is the modality in which millions of people inhabit their class experience. Their “identity politics” will often be the precise way in which they fight…
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‘The Ugliest Chapter Since Slavery’: How Illicit Financial Flows Thwart Human Rights in Africa
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The Universal Declaration of Human Rights turned 70 on December 10. Governments and civil society organizations around the world commemorated the day with a range of activities. Over the years, the Declaration has been a global beacon for Africans fighting against colonialism and for inclusive economic equality and sustainable development. Its provisions stand as aspirational…
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Capitalism in the United States and in Europe
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Speaking of Capitalism in America and in Europe we first have to be precise about two things. First, what do we mean by countries, by nations such as those in the Americas or those here in Europe? And, second, what do we mean by capitalism? So if we can specify what we mean by these…
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Degrowth: A Call for Radical Abundance
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One of the core claims of degrowth economics is that by restoring public services and expanding the commons, people will be able to access the goods that they need to live well without needing high levels of income.
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Until We Confront Capitalism, We Will Not Solve the Climate Crisis
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The “green new deal” appears to have several meanings. It has been used by mainstream neoliberal politicians to describe an investment program, operated completely through markets, that would shift the economy away from fossil fuels. The left-wing politicians you mention see the “green new deal” as a program of state infrastructure investment, a mobilization of…
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We Need System Change to Halt Climate Change
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Climate change is clearly a pressing concern for the majority of working-class people. But with 71% of greenhouse gas emissions coming from 100 corporations, capitalism presents a fundamental barrier to solving the problem. After all, you can't control what you don't own. Under capitalism, production is unplanned, driven by the demands of profit. Only on…
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Progressives and Markets
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The right would like us to believe that the inequality we see in the United States, and increasingly in other countries, is a natural outcome of market processes. Unfortunately, many on the left seem to largely share this view, with the proviso that they would like the government to alter market outcomes, either with tax…