capitalism

Capital, Crisis, and Corbyn

Michael Roberts
Jacobin
The results of the UK election are a disaster for the British ruling class. The UK economy is set to enter a period of stagnation at best. The OECD’s economists are already forecasting that the UK economy will slow down to just 1% next year as Brexit bites.

New Study Finds “More Sweatshops than Starbucks” in Chicago

Jeff Schuhrke
In These Times
A bill recently introduced in the state legislature by the Illinois AFL-CIO could address some of the problems around reprisals. The Wrongful Discharge from Employment Act, supported by Raise the Floor Alliance and NESRI, would force employers to provide fired workers with a clear and legitimate reason for the discharge, essentially proving that it was not done in retaliation.

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.

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