In These Times
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. The reviewer thinks much can be gleaned from Piketty's work.
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.
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 speech evoked a frenzy of comment - from praise to denunciations of Piketty's analysis as Marxist or alternately, unrealistic, to those who criticized him for having a flawed analysis that disregarded Marxist insights.
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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Jared Bernstein blog
“If they can get you asking the wrong questions, they don’t have to worry about answers.” Progressives have all kinds of ideas to shape a more equitable primary distribution. But those ideas will never get much oxygen if we remain voluntary trapped in the cramped debate of a short-sighted economics.