Posts Tagged ‘capitalism’

By Prof. Richard Wolff

Capitalism as a system ought to be judged by its failures as well as its successes.

The automobile-driven economic growth of the 1950s and 1960s madeDetroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945). High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism’s ability to generate and sustain a large “middle class”, one that could include African Americans, too. Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern “American Dream”.

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Sunnyvale, California – Five activists were arrested at Yahoo headquarters Monday afternoon in a protest over the firing of eleven Walmart employees who this month went on strike. The planned civil disobedience action followed an hour-long demonstration in the Yahoo lobby; about thirty workers and supporters gathered to demand a meeting with Yahoo CEO Marissa Mayer, who joined Walmart’s board last year….

Click here for the full story from thenation.com

Anarchist communism is a form of anarchism that advocates the abolition of the State and capitalism in favour of a horizontal network of voluntary associations through which everyone will be free to satisfy his or her needs.

Anarchist communism is also known as anarcho-communism, communist anarchism, or, sometimes, libertarian communism. However, while all anarchist communists are libertarian communists, some libertarian communists, such ascouncil communists, are not anarchists. What distinguishes anarchist communism from other variants of libertarian communism is the formers opposition to all forms of political power, hierarchy and domination…

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The union-backed labor group OUR Walmart alleged Friday night that Walmart has retaliated against multiple workers who went on strike and traveled to its Arkansas headquarters this month, including Florida employee Lisa Lopez, whom the retail giant fired Friday…

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Mountainview, California—Union activists marched through a tree-lined hilltop plaza at Google’s Mountainview headquarters Thursday afternoon, chanting, “No Union, No Peace!” Outside Google’s tall glass buildings, a Service Employees International Union (SEIU) official joined subcontracted Google security guard Manny Cardenas in asking a Google representative for an audience with company CEO Larry Page. After being rebuffed, they left the staffer with a letter condemning the treatment of the campus’ subcontracted security workers, which they charged contradicts the tech giant’s “Don’t Be Evil” motto….

Click here for the full story from thenation.com