While industrial capitalism got rid of the landlord class, capitalism still had economic rent, but instead of being paid to the landlord class, it is now paid to the banks in the form of interest.
War, Inflation, Geopolitical Rivalry, and Soaring World Temperatures
Political economy and new maps of power in 2022
COVID-19 is far from over, not because it cannot be stopped but because it cannot be stopped in a profit-driven society. The same can be said for climate change, environmental destruction, pollution, poverty, and war.
A “rigging of the system” that empowered employers over workers was due to policy changes and changes in business practices that systematically undercut workers’ ability to get higher pay, job security, and better-quality jobs.
The U.S. is continuing its attempts to maintain its status as a global power at all costs, rather than accepting the development of other nations as a positive form of progress for the international community.
The question is whether even a supportive president can reverse the decline in union power that economists say has helped hollow out America's middle class. Neither organized labor nor sympathetic politicians have managed to do that for decades.
Gig economy companies were not true pioneers. The truth behind their dominance is their aggressive market takeovers, aided by their precarious labor model. The piece wage’s effect is to induce workers to toil longer and harder for less.
The Massive and Unseen Costs of America’s Post-9/11 Wars at Home and Abroad.
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