It was clear from the headline alone: The Wall St. Journal was admitting that Karl Marx was right. They wrote: Investors Brace for Hit to Profits as Costs Rise Increasing wage and […]
Wall St. Journal admits Marx was right
World Economic Perspectives
Trump has been bragging about the booming US economy. But this economy does not exist in a vacuum; it’s directly related to the world economy. And in both cases, the economic expansion […]
Stock market crash: 1987, 2007 or 1937?
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…
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 […]
