In Class War on November 29, 2013 at 9:20 am
From Our Walmart
We envision a future in which our company treats us, the Associates of Walmart, with respect and dignity. We envision a world where we succeed in our careers, our company succeeds in business, our customers receive great service and value, and Walmart and Associates share all of these goals.
OUR Walmart works to ensure that every Associate, regardless of his or her title, age, race, or sex, is respected at Walmart. We join together to offer strength and support in addressing the challenges that arise in our stores and our company everyday.
In Class War on November 28, 2013 at 9:30 am
Massive turnout expected for strike against low wages, illegal retaliation
From Common Dreams
As the shopping extravaganza known as Black Friday came early this year with an increasing amount of retailers opening their doors on Thanksgiving Day, employees for one of the largest big-box-stores in the country, Walmart, prepared protests for 1,500 locations nationwide.
Organizers with the group OUR Walmart, who have helped rally Walmart workers that are fed up with poverty wages and poor working conditions at the retail giant’s locations across the country, said this year’s protests will be “unprecedented” in scope. More…
In Class War on November 28, 2013 at 9:27 am
The business classes are constantly fighting a bitter class war to improve their power and diminish opposition.
This is an excerpt from the just released 2nd edition of Noam Chomsky’s OCCUPY: Class War, Rebellion and Solidarity, edited by Greg Ruggiero and published by Zuccotti Park Press. Chris Steele interviews Chomsky.
An article that recently came out in Rolling Stone,titled “Gangster Bankers: Too Big to Jail,” by Matt Taibbi, asserts that the government is afraid to prosecute powerful bankers, such as those running HSBC. Taibbi says that there’s “an arrestable class and an unarrestable class.” What is your view on the current state of class war in the U.S.?
Well, there’s always a class war going on. The United States, to an unusual extent, is a business-run society, more so than others. The business classes are very class-conscious—they’re constantly fighting a bitter class war to improve their power and diminish opposition. Occasionally this is recognized. More…
In Around the web, Class War on April 12, 2013 at 4:52 pm
Thanks to Todd Walton
The new cost-of-living index proposed in Obama’s latest budget is really a means to push lower living standards on people who need Social Security, University of Missouri economist Michael Hudson says.
The blandly named “Chained CPI” would require Social Security recipients to select cheaper goods and services, effectively diminishing—if not destroying—their quality of life by creating an official policy justification for the issuance of smaller pension checks.
Hudson explained the switch in detail Thursday on The Real News Network:
It’s not really a cost of living index. It’s a “cost of lower living standards” index. Yves Smith calls it the catfood index.
Here’s what it does: Suppose that you have to switch away from eating steak or eating meat or eating fish to eating canned tuna fish or canned beans. That’s considered a price reduction. If the chained index is done “properly,” anti-labor economists can cut Social Security by 50 percent. Here’s how. If people stop taking cabs and begin to take buses, that’s considered a lower cost of living. Well, what if they buy a bicycle? All Obama has to say is, “Look, folks! If you really want to save money, get a bike.” That’s what Margaret Thatcher said. That was one of her campaign slogans: “Get a bike!” So all of a sudden, the transportation in the cost of living goes down to zero.
People pay between 25 percent and 40 percent of their income on rent. Let them live out on the street. Let them live in a homeless shelter … About 15 percent of their income is spent on medical care. Let them do what George Bush said: Go to the emergency ward. That’s free. So the cost of living goes down! More…
In Class War on July 24, 2012 at 5:33 am
When it comes to the economy, too many Americans continue to be numbed by the soothing sounds of conservative spin in the media. Here are three of their more inventive claims:
1. Higher taxes on the rich will hurt small businesses and discourage job creators
A recent Treasury analysis found that only 2.5% of small businesses would face higher taxes from the expiration of the Bush tax cuts.
As for job creation, it’s not coming from the people with money. Over 90% of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), the stock market, real estate, and personal business accounts. Angel investing (capital provided by affluent individuals for business start-ups) accounted for less than 1% of the investable assets of high net worth individuals in North America in 2011. The Mendelsohn Affluent Survey agreed that the very rich spend less than two percent of their money on new business startups.
The Wall Street Journal noted, in way of confirmation, that the extra wealth created by the Bush tax cuts led to the “worst track record for jobs in recorded history.” More…