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The Cooperative Economy

Gar Alperovitz/Scott Gast Orion Magazine
Developing a democratically oriented alternative to capitalism can’t be done overnight. This work requires a different sense of time and a deep sense of commitment—the bargaining chips are decades of our lives. But the shifts are already happening in places like Cleveland and Boulder. What we’re seeing is the prehistory, possibly, of the next great change, in which a movement is built from the grassroots that becomes the foundation of a new era.

labor

Temporary Jobs on Rise in Today's Shifting Economy

Tom Raum timesunnion.com
"Workers increasingly serve businesses that do not officially 'employ' the worker — a distinction that hampers organizing, erodes labor standards and dilutes accountability," said Catherine Ruckelshaus, general counsel for the National Employment Law Project, which advocates on behalf of low-wage workers. A recent Federal Reserve study showed that nearly 7.5 million people who are working part time — contract workers included — would rather have full-time jobs.

Austerity Bites, Employment Rate Falls Again

Jim Stanford Rabble (Canada)
In a weak macroeconomy, the employment rate is a better indicator of labour market strength, since it avoids the arbitrary distinction regarding whether someone is sufficiently "active" in their job search to qualify as being officially "in" the labour market. The erosion of Canada's labour market performance over the last couple of years is not surprising in light of the general stagnation of the main drivers of economic growth in our system.

Sins of the Fatcat

Andrew Cockburn Harpers
... most people are aware that Wall Street crashed the economy and rode out of town scot-free, collecting unimaginably huge bonuses along the way. But vagueness breeds passivity. Fortunately, we now have Bob Ivry’s Seven Sins of Wall Street as an indispensable guide for tracking down live villains and unburied bodies. By the time you reach the end, all the sheer fury anyone with the merest flutter of a moral pulse felt back in 2008/2009 wells up again, white hot.

A Budget Deal That's Bad For America

Dean Baker CNN
The biggest issue . . . is that this is a budget that will continue to impose a drag on the economy . . . While the stimulus approved by Congress boosted growth and added between 2-3 million jobs, the steep deficit reduction of the last three years has slowed the economy, costing millions of jobs. With the housing bubble gone, we are missing close to $1 trillion in annual demand and no mechanism in the private sector that will cause it to replace this demand on its own.

Book Review: Capitalism Gone Wild

Michael Hirsch The Indypendent, October 2013 - Issue #191
Review of George Packer's "The Unwinding: An Inner History of the New America." This American life is a mess. As responsible as they were for instigating the Great Recession, Wall Street and the securities industry were not the business centers solely at fault for the lead-up to the collapse. An outsized military budget, imperial wars, the decline of unions as counterweights to corporate excesses and the flight of manufacturing overseas played their parts, too.
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