Demowp

Tag: Labour economics

  • Mr. Ip and the Wall Street Journal Discover Wealth Inequality

    It was in 2013 that Thomas Piketty rediscovered the problem of wealth inequality with his celebrated book Capital in the Twenty-first Century. Published by Harvard University Press and selling several million copies, the book turned prevailing mainstream economic thinking on its head. Academic economists and capitalist apologists had long assured us that capitalism persistently created wealth […]

  • Ages in Turmoil: The Rise and Fall of States in and out of Yankeedom

    Author, Bruce Lerro, Co-founder and Co- Manager for Socialist Planning Beyond Capitalism Orientation Does history have any rhyme or reason? Mostly liberal historians insist that there are no patterns of history and that all historical periods are unique. Other historians such as Danilevsky, Spengler and Sorokin claim that history runs in cycles. Peter Turchin, author […]

  • Trump’s Whims on Tariffs and Trade Deficits

    “Trump’s tariff formula explained: How rates were determined for each country” IMAGE/USA Today/Duck Duck Go Tariffs Tariffs are a tax imposed on imported goods to protect local industries in order to be self-sufficient and thus avoid being taken advantage of. For a very long time, Britain charged tariffs on many items, only in 1860 were […]

  • Stagflation: Stagnation, Inflation, and Beyond

    Since my prediction in April of 2007 of an impending economic crash, I’ve vowed not to risk my unblemished record with any further predictions. But a simple thing that I learned from the run-up to that catastrophe was when the “little people” — the “every man and every-woman” — found their way into stock market […]

  • Is Capitalism Reaching the End of the Road?

    Capitalism is fast becoming so unpopular that the money-grubbing old autocrat in the White House wants to protect it by promising to investigate and prosecute anyone who speaks against it. Free speech be damned. But Milton Friedman said Capitalism and Freedom go together.  So, we will use some of that fast-disappearing freedom to comment on the […]

  • Real Deal: A Manifesto for All Working Americans

    The story of humanity is a story of struggle, not just between classes, but against all forms of oppression. We face a rigged system where the powerful exploit us as workers and consumers, as well as based on our differences of identity. Further, the cultural parts of our political economic system socialize us to internalize […]

  • Janissary Words

    Kidnapped words are the Janissaries of campaigns to promote an invented reality. Their original identities are obliterated. Worse, unlike the Ottoman Janissaries, figments of the past identity can be retained when its resonance is considered helpful. Words are kidnapped for two reasons. One is to slay them; the other is to exploit them. American politics […]

  • A Return to Basics: Rasmus, the “Neoliberal” Turn, and Exploitation

    Instead of the conservative motto, ‘A fair day’s wage for a fair day’s work!’ they ought to inscribe on their banner the revolutionary watchword: ‘Abolition of the wage system!’ Karl Marx, Value, Price, and Profit Today, the point that Marx made in his 1865 address to the First International Working Men’s Association is largely lost […]

  • Canada’s Temporary Foreign Workers Program is a Massive Violation of Human Rights

    Canada’s Temporary Foreign Workers Program is a Massive Violation of Human Rights

    On August 11, 2022, workers in Canada’s Seasonal Agricultural Worker Program (SAWP) penned an open letter about their experiences in the program. “As it currently stands,” they wrote, “the [SAWP] is systematic slavery.” The article was written by Jamaican workers, but they asserted that migrants of other nationalities had faced similarly dehumanizing experiences. “It feels […]

  • America’s Irreplaceable Immigrants

    Every day when breakfast is served, Americans come face to face with the impact of immigrant workers without whom breakfast items would be too expensive for everyday consumption and/or if short on time, the nearest drive-through fast-food establishment, cars lined up for blocks, would charge an arm and a leg for a simple egg, cheese, […]

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