labor unions

Dr. Jack Rasmus: “Capital is by nature cannibalistic”

Publié le Mis à jour le

Jack Rasmus1

Dr. Jack Rasmus. DR.

Mohsen Abdelmoumen: In your very interesting book Epic Recession: Prelude to Global Depression, you make a wise review and provide solutions. Why is the crisis inevitable?

Dr. Jack Rasmus: Because the solutions applied to the last crisis will inevitably lead to a more generalized, and potentially deeper and more serious crisis next time.  Here’s how: the excess liquidity injected by the central banks to stabilize the financial markets after 2008-09 has been generating even more debt and debt leveraged investment. That has created financial asset bubbles today in global stocks, junk bonds, leveraged loans, triple BBB (junk) rated investment grade bonds, bubbles in derivatives and other asset markets, commercial real estate, etc. Lire la suite »

Publicités

Sam Pizzigati: “A new labor activism is surging”

Publié le Mis à jour le

Sam Pizzigati1

Sam Pizzigati. DR.

Mohsen Abdelmoumen: How do you explain that in front of the unprecedented ultraliberal offensive, we see weakened worker movement and trade unions?

Sam Pizzigati: By the traditional benchmarks for measuring union strength, unions in the United States — particularly in the private sector — haven’t been as weak as they rate right now since the 1920s. Just 7 percent of workers in the private sector carry union cards. Across large swatches of the United States, these numbers suggest, private sector unions barely exist anymore. Lire la suite »

Prof. Mike Davis: “There was once a generation of lions”

Publié le Mis à jour le

Mike_Davis_(scholar)

Prof. Mike Davis. DR.

Mohsen Abdelmoumen: You call yourself an « old school socialist ». Can you tell us why?

Prof. Mike Davis: Hm, ‘old school Socialist.’  I suppose I’m making three claims.  First, socialism – the belief that the earth belongs to labor – is my moral being.  In fact it is my religion, the values that anchor the commitments that define my life.  Second, ‘old school’ implies putting in work year after year for the good cause.  In academia one runs across people who call themselves Marxists and go to lots of conferences but hardly ever march on a picketline, go to a union meeting, throw a brick or simply help wash the dishes after a benefit.  What’s even worse they deign to teach us the ‘real Marx’but lack the old Moor’s fundamental respect for individual working people and his readiness to become a poor outlaw on their behalf.  Lire la suite »