Labor Party Time? Not Yet.
Labor Party
The US working class has not succeeded in developing a class-based political party to contend for political power, making working people particularly vulnerable. Wealth and power are concentrated increasingly in the hands of a globalized elite. It's hard to identify a period of US history where the need for a labor-based political party was greater than now. Yet the short-term prospects of an independent, pro-worker political movement emerging are virtually nonexistent.
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