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.
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.
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.
Things are getting closer to the boiling point. It'll tip over soon if things keep going this way.
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.