Is it true that only the elimination of eviction moratoria can help these landlords? Under analysis, most of their arguments in favor of resuming evictions fall apart.
Marx & Philosophy Review of Books
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.
This is the heart of the new financialism and it is happening all over the country. If this were just one isolated case, we could probably live with it. It might even lead to a new law that would outlaw Ackman's outrageous behavior. But this kind of de-creative destruction is now a central feature of our new financialized economy. It is now routine for big-time investors to make bets against companies and then try to bring those companies down using a variety of tactics.
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Dollars and Sense
These are the first two parts of a four-part interview with Costas Lapavitsas focusing on the Era of Financialization and the transformations at the “molecular” level of capitalism that are driving changes in economic performance and policy in both high-income and developing countries. Lapavitsas is a professor of economics at SOAS, University of London, and the author of Financialised Capitalism: Expansion and Crisis (Maia Ediciones, 2009)