On the relation between workers and socialists

By Julio Huato, The following reflections were written in response to a question that a former student of mine asked me about my views on the relation between the workers and the socialist left. I also discussed — inter alia — the challenges of working-class organizing and some not properly recognized aspects of the Soviet legacy. The socialist left … More On the relation between workers and socialists

Mind the Income Gap

By David Ruccio, Unless we change our tune and resolve to fundamentally alter the way the economy is organized, we’re going to have to face up to the problem that’s been haunting the United States for decades now: growing inequality. And it’s only getting worse. Part of the problem stems from the increase in market … More Mind the Income Gap

The state and financialization: explaining recent European labor market policy

By Charles Umney, Ian Greer, Özlem Onaran, Graham Symon Why have neoliberal labor market policies survived the 2008 financial crisis? It cannot be because of their success. There is mounting evidence that measures such as restraining European workers’ wages are not effective ways of generating stable growth. Likewise, converting social democratic welfare states into ‘workfare’ … More The state and financialization: explaining recent European labor market policy

New Book: Inequality, Boom, and Bust – From Billionaire Capitalism to Equality and Full Employment

By Howard J. & Paul D. Sherman, From Routledge: There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the … More New Book: Inequality, Boom, and Bust – From Billionaire Capitalism to Equality and Full Employment