Greece's former finance minister under the radical Syriza government offers a revealing tell-all about modern capitalism through his battles over Greece’s debt with the “Troika”: the International Monetary Fund, the European Commission and the European Central Bank (ECB), and eventually with his own prime minister.
A country that hasn’t had a civil war in more than 150 years, where secessionist movements from Texas to Vermont have generally caused merriment not concern, now faces divisions so serious, and a civilian arsenal of weapons so huge, that the possibility of national disintegration has become part of mainstream conversation. Indeed, after the 2016 elections, predicting a second civil war in the United States has become all the rage across the political spectrum.
The extreme violence against the Rohingya in Myanmar (Burma) is closer to extermination than religious persecution. One key factor insufficiently recognized is the massive land grabbing that is happening in Burma and has now reached into the poorest state, Rakhine. Land grabbing has become a major factor in multiple displacements, including in Central America. Too many explanations stop short from seeing a larger economic vortex of land grabbing.
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.
Reader Comments: Trumpcare: What happens when - Play-by-Play from Planned Parenthood; Attempt to Outlaw BDS; Trump's Voter Fraud "Bait & Switch"; Clancy Sigal; Spicer bails; Globalization; If Capitalism Failed (we wish) - Greek workers find solution; Rosa Luxemburg; Yugoslavia's Socialism; Venezuela; Net Neutrality and Herbert Marcuse; High Noon remembered; New Website - What has the CFPB done in your state?
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.
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