Tag Archives: economic inequality

Capitalism’s political and economic degeneracy

Draft for Marxist-Humanist Perspectives, 2014-2015. III. Capitalism’s political and economic degeneracy. A. Karl Marx haunts capitalism’s stagnation. B. The race toward climate chaos. Continue reading

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Capitalist economy is failing

Ongoing national strikes and demonstrations by fast food workers demanding a $15 an hour living wage show that workers’ reality is not the media-touted economic “recovery” enjoyed by the super-wealthy finance capitalists. In real life the 2008 depression drags on. In a punitive move, Congressional Republicans wouldn’t even allow a vote for long-term unemployment benefits to continue, in spite of the record 1.7 million, or 37% of the officially unemployed, who have been out of work for six months or longer. Previously, a rate anywhere near this was called an emergency, compelling an automatic extension of benefits. Continue reading

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