If we are serious about saving democracy, care and the planet we need to address the root of the crisis, which is capital’s insatiable need to devour them.
The Global South produces 26% more manufactured goods than the North but accounts for 80% less income per capita. The assertion that inequality is due to the lack of development of productive forces in the South thus becomes nonsensical.
The real culprit here is the diminution of US productive capacity and supply chain disruption caused by four decades of neoliberal policies – disinvestment, deregulation, outsourcing - which have prevented supply-side measures to bring prices down.
Human capital theory cannot solve our economic woes. It’s time to tell the truth of how we got here and how we can move forward. Replacing human capital theory with a socialist theory of education and collective intelligence would be a good start.
"There have been many books on neoliberalism and financialization," writes reviewer Sharpe, but few others "have traced the history down to the level of individual documents and memos."
Gig economy companies were not true pioneers. The truth behind their dominance is their aggressive market takeovers, aided by their precarious labor model. The piece wage’s effect is to induce workers to toil longer and harder for less.
Over the past four decades, however, government health policies have reduced health services to commodities and objects of speculative investment.
We must see real estate market for what it truly is: an institution rooted in settler colonialism that allows land (and the housing that sits atop it) to be distributed and controlled by those who have enough money for their preferences to matter.
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.
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