capital

Why Are Economists Giving Piketty the Cold Shoulder?

Marshall Steinbaum
Boston Review
Piketty's radical and largely on-target critique of contemporary capitalism, the reviewer says, was mostly greeted with hostility by the economics establishment, when not simply ignored, stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits, particularly in explaining inequality — in effect a dead zone in mainstream economic analysis.

Labor Must Take on Capital

Saqib Bhatti and Stephen Lerner
Jacobin
Unions must expand beyond narrow bargaining to challenge those who hold wealth and power at the highest levels. Most unions are accustomed to bargaining with their direct employers, as they have done for decades. But the financialization of the economy has rendered that structure obsolete. In order to win for workers, unions need to take their demands directly to those who actually have the money and control. They can often be found on Wall Street.

Piketty says "Tax the Rich"

Thomas Piketty
AfricaFocus Bulletin
In a speech challenging both national and global inequality, with a particular focus on France and South Africa, economist Thomas Piketty concluded with calls for taxes on wealth, and a public global registry of financial assets to make that possible.

The Agony of Mexican Labor Today

Dan La Botz
Dollars & Sense - Sept - Oct 2015 issue
Mexican labor unions and workers are, overall, in the worst situation in decades. President Peña Nieto has succeeded in passing a series of so-called reforms - education, labor, energy, and communications - that will have devastating effects on an already weakened labor movement. The Mexican government has controlled unions since the Mexican Revolution of 1910-1920, but it was in the 1930s that the system of one-party state control over the unions was fully developed.

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