The China-esqsue income for the general labor pool might not spark a backlash against the Chinese, Washington's favorite punching bag. Instead, it will favor future political backlashes against globalization and the corporations seen driving up inequality -- and driving down mobility -- because of it.
Phillips Seafood is a Baltimore-based company famous for its crabs. Global and US unions want to make it infamous for its treatment of low-paid women workers. Phillips moved its Indonesian production from urban to rural mini-plants in order to inhibit access to labor law protections and unionization efforts. Closer to home, the company is a major opponent of attempts to raise the minimum wage.
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It was the left who diagnosed the ills of globalization. So why is the right eating our lunch? Today global capitalism is in a period of long-term stagnation following the global financial crisis. The newer protests represent a far broader disenchantment with capitalism than the protests of the 2000s. The building blocks of an alternative economic model are there - sustainable development, de-growth, and de-globalization.
Reader Comments: Capitalism in our Future?; Bosses - Like Dictators - and now one is our President?; More on School Charters; Trump's Made in America or Working Class Internationalism?; Looking at Radical History - Black Panther Party, Paul Robeson, Peekskill, Dashiel Hammett, IWW; UN and Banning of Nuclear Weapons or a Return to "Duck Under Your Desk?"; South Africa, Israel; Rasmea Odeh; Resources; Announcements; and more...
What exactly is driving globalization? And who really benefits from globalization? Are globalization and capitalism interwoven? How do we deal with the growing levels of inequality and massive economic insecurity? Should progressives and radicals rally behind the call for the introduction of a universal basic income?
The decline of the business model of old-style industrial unions may have been economically inevitable, but the lack of any new model to replace it has been socially calamitous. Unions will not be easy to fix, but allowing them to innovate would be a first step, and possibly also a last chance.
How a new kind of labor organization could address the grievances underlying populist anger.
The OECD should be in the business of helping people build democratic institutions that give them economic and political voice—guardians of equality and democracy. The alternative to addressing wage stagnation and the status of working people in the global economy is not more of the same elite dominated globalization. The alternative is an escalating crisis where the false promises of authoritarianism and racism threaten to overwhelm the democratic ideal.
That millions of workers worldwide become "losers" in the process of globalization, should not surprise anyone. Nor that many react with mistrust and blind rebellion. That part of the working class – lacking left political parties with strategies to address this crisis -- are attracted by the extreme right’s verbal anti-establishment rhetoric, is against this background understandable. To understand, however, is not the same as to accept, let alone support.
While inequality has become a topic of increased popularity and politicization in recent years, most of the attention has focused on how 1% own an increasingly large share of the world’s wealth, rather than on inequalities between nations. In a global context in which national borders and citizenship pose few barriers to the mobility of capital, the reality is also a story of the world’s richest nations continuing to reap a disproportionate amount of the globe’s profits.
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