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Capitalism

The first and last rule of capitalism is this: Make More Capital. And it's killing us. But we can build better systems. There are plenty of options. We can change the rules.

Companies Can Either Make Things or Make CEOs Rich

Sam Pizzigati Institute for Policy Studies
How many more outrageously compensated executives will retire off into lush sunsets, the Jeff Immelt story virtually begs us to ask, before we start yanking that lever?

How Union-Busting Bosses Propel the Right Wing to Power

Shaun Richman In These Times
During modern times, corporations threaten the jobs of pro-union workers in over half of all union elections—and follow through on the threat one-third of the time. In between, bosses have resorted to spies and frame-ups, physical violence, court injunctions, private armies of strikebreakers, racist appeals and immigrant exploitation.

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.

books

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. The reviewer thinks much can be gleaned from Piketty's work.
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