Originally posted on Michael Roberts Blog:
Yesterday, the US stock market fell by the most in one day since mid-2007, just before the credit crunch, the banking crash and the start of…
Stock market crash: 1987, 2007 or 1937?
The Never-Ending Race to the Bottom: Who’s Next?
Many years ago, this writer was a delegate to the Alameda County Building Trades Council for his local of the Carpenters Union. At one point the executive secretary of the council (his […]
Spain, Greece and the Race to the Bottom
An article in today’s (6/3/2015) Wall St. Journal perfectly describes what all the pressure on Greece’s Syriza-run government to further cut living standards is really all about. It focuses on what’s happening […]
Macron’s Law: “It’s called global capitalism for a reason.”
Some 40 years ago, this writer got into a debate in the Alameda County Building Trades Council with that council’s executive secretary. The executive secretary was pushing the line that our unions should […]
Greek Update: What’s at Stake For Us All
It has been a scarce two weeks since the Greek working class put the radical Syriza party into power in Greece. They did that to put an end to the starvation there […]
Do higher wages lead to higher prices?
One of the arguments of the bosses and their representatives is that an increase in the minimum wage will cause prices to increase – that we’ll be paying $15 for a MacDonald’s […]
$15 per Hour Minimum Wage: The Class Struggle Heats Up
There is no doubt about it: Winning a $15 per hour minimum wage for Seattle workers would be a small but significant victory for the entire working class. It would increase the […]
