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corporate dominance | labor

Google video: Capitalism Hits the Fan-A Marxian View

Richard Wolff, a professor of economics at UMass Amherst, talks on the current "financial" crisis and capitalism in general. A form of socialism is presented as a possibility to exhausted and anxiety-ridden workers. Maybe you can't have real democracy without economic democracy.
In the 1970s real hourly wages in the US stopped climbing while productivity continued soaring. Businesses outsourced or brought low-wage workers so wages stagnated or went down.

to hear Richard Wolff's 36-minute talk, click on
 http://video.google.ca/videoplay?docid=7382297202053077236

homepage: homepage: http://www.mbtranslations.com
address: address: http://www.socialistproject.ca