It’s coming, and we know approximately when. The economy contracted by 0.3 percent, and imports have contracted. Tariffs of 145 percent on China are a trade embargo for many sectors. China’s retaliatory measures are an embargo in the other direction.
In the absence of more attention to the supply chain, the U.S. is becoming even more reliant on Beijing—and ‘friendshoring’ often increases that dependence.
Unfounded Fed tightening myths are backfiring on the economy.
The Global South produces 26% more manufactured goods than the North but accounts for 80% less income per capita. The assertion that inequality is due to the lack of development of productive forces in the South thus becomes nonsensical.
All because they chose profits over humane working policies. What this fight is really about: the persistent difficulty some large corporations have in understanding that their workers are human beings, and not just one more piece of machinery.
The primary, leading aspect for change in the US labor movement should be recovering lost bargaining power through organizing the unorganized, including through cross-border campaigns.
Rampant outsourcing, financialization, monopolization, deregulation, and just-in-time logistics are the culprits. Our supply chains were designed for maximum profit rather than getting things to people, problems that arose in the pandemic folded in.
Frontline workers are getting blamed for supply chain problems that are caused by the bosses & politicians. Union members say the port terminal operators are trying to to cast longshore workers in a bad light ahead of contract negotiations next year.
This logistical model is the engine of breakneck capitalism. But its fragility is now being exposed. Decades of deregulation, privatisation and market worship have left society vulnerable to the unbidden force of “just-in-time” supply chains.
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