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Capital has gotten too cocky and has forgotten that all profits are created by labor. It is time we change that. We need to unionize, strike and shut down prod

Capital has gotten too cocky and has forgotten that all profits are created by labor. It is time we change that. We need to unionize, strike and shut down production. The tactics of the industrial revolution still work in the digital age.

wnc3141 1y ago
A big part of preserving a democracy hinges on managing the relationship between Capital and labor. Political Economist Daron Acemoglu won a Nobel Prize last year for studying the difference between democracies that manage the relationship between labor and capital and authoritarian regimes that fail to do so. If interested, check out his book "why nations fail" or any of his updated works.
- wnc3141 1y ago
  I would argue that the best indicator we have for the health of our democracy is the steady decline of the labor share of income (I'll attach a link here later) - as that essentially translates to "our individual and collective ability to participate in our economic destinies"
  - wnc3141 1y ago
    ^ As Promised: https://fred.stlouisfed.org/series/W270RE1A156NBEA https://fred.stlouisfed.org/series/W270RE1A156NBEA
frogperson 1y ago
This situation is just not going to end well. The people in power increasingly make it harder to have a voice or lift yourself out of poverty. There is a huge pool of recent grads growing angrier everyday because of lack of opportunities. The dawn will eventually break open.
- cruzcampo 1y ago
  To quote JFK - "Those who make peaceful revolution impossible will make violent revolution inevitable." Things are getting closer to the boiling point. It'll tip over soon if things keep going this way.
- cantrecallmypwd 1y ago
  > The people in power increasingly make it harder to have a voice or lift yourself out of poverty. Thom Hartmann just made this point on his daily show from a class statist-perspective where the rich kids at the Ivies are offered upward mobility while everything everywhere else condemns the individual to class immobility.

wnc3141 1y ago

A big part of preserving a democracy hinges on managing the relationship between Capital and labor. Political Economist Daron Acemoglu won a Nobel Prize last year for studying the difference between democracies that manage the relationship between labor and capital and authoritarian regimes that fail to do so. If interested, check out his book "why nations fail" or any of his updated works.

wnc3141 1y ago
I would argue that the best indicator we have for the health of our democracy is the steady decline of the labor share of income (I'll attach a link here later) - as that essentially translates to "our individual and collective ability to participate in our economic destinies"
- wnc3141 1y ago
  ^ As Promised: https://fred.stlouisfed.org/series/W270RE1A156NBEA https://fred.stlouisfed.org/series/W270RE1A156NBEA

frogperson 1y ago

This situation is just not going to end well. The people in power increasingly make it harder to have a voice or lift yourself out of poverty. There is a huge pool of recent grads growing angrier everyday because of lack of opportunities. The dawn will eventually break open.

cruzcampo 1y ago
To quote JFK - "Those who make peaceful revolution impossible will make violent revolution inevitable." Things are getting closer to the boiling point. It'll tip over soon if things keep going this way.
cantrecallmypwd 1y ago
> The people in power increasingly make it harder to have a voice or lift yourself out of poverty. Thom Hartmann just made this point on his daily show from a class statist-perspective where the rich kids at the Ivies are offered upward mobility while everything everywhere else condemns the individual to class immobility.