May Day 2013 brought a piece in the NY Times by Thomas Friedman, “It’s a 401(k) World” that points out the enormous changes in employment, technology, personal access to information and personal responsibility for larger swaths of life. Work changed from a steady job as a regular feature of life to a series of part-time or short term engagements with corporations who view labor as a throw away element.
Reading this op ed leaves one with the notion that these changes have arisen through some immutable forces of nature.
He fails to mention that in parallel with the individual being more and more alone in the world, big corporations and governments are becoming ever more well integrated, feeding at each others’ troughs.
For example, corporate tax contributions as a share of total taxes at Federal and State levels are as low as before the 1930s . In parallel the burden on individuals to support government has grown proportionally. With the help of changes in government policy, union protection of workers has steadily declined for decades, not just here but more generally. Globalization of the world economy has certainly been driven in part by new technologies (containerized shipping and the Web being key examples) but these technologies needed to be accompanied by the trade policies of government and finance to enable the worldwide integration of corporate power.
Within the US employment market one phenomenon is particularly noteworthy, that is the flagrant violation of rules concerning who is an employee and who is contract (1099) labor. The IRS has an exte
We are in an environment in which the domination by corporations in combination with government of all aspects of daily life is surging. Thus, the tiny reactions of local food, local economies, and local culture in the midst of this dominion.
Friedman regularly drives me to diatribes. He is so intellectually lazy.
The NY Times published an interesting article by Max Fisher and Josh Keller, “What Explains U.S. Mass Shootings? International Comparisons Suggest an Answer” on 11/7/2017. The analysis shows that there is a strong correlation between the high level of gun ownership and mass killings. No other factors are well correlated. --->> read more -->>
Wonder about the Impact of the US Supreme Court’s Citizens United Decision? Government in the US, as everywhere, has always been tilted in favor of the wealthy. But, the Citizens United decision in 2010 giving corporations the right spend unlimited money has made government, really at every level, into the sole playground --->> read more -->>
There is more evidence that the current run of religious mania about “free markets” is finally giving way to a more fact-based approach to this important human invention, many countries are now applying capital controls on the flow of monies into their economies. The world flood of money seeking higher --->> read more -->>
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.