John Michael Greer Comments Three months ago, we marked the beginning of the astrological year by discussing the Aries ingress chart for the United States. Yes, I know about the precession of the equinoxes; astrologers discovered the precession of the equinoxes. Where did you think all that talk about the Age of Aquarius comes from? Yes, I know that the Earth revolves around the Sun and not vice versa; astrologers use the geocentric positions of the planets because we live on the Earth, not the Sun.
The class conflict that Marx believed determined the course of history seemed to melt away in a prosperous era of free trade and free enterprise.
Or so we thought. A growing dossier of evidence suggests that he may have been right. It is sadly all too easy to find statistics that show the rich are getting richer while the middle class and poor are not. But the consequence of this widening inequality is just what Marx had predicted: Workers of the world are growing angrier and demanding their fair share of the global economy.
From the floor of the U. How this struggle plays out will influence the direction of global economic policy, the future of the welfare state, political stability in China, and who governs from Washington to Rome. What would Marx say today?
The heightened conflict has dominated American politics.
Yet the Republicans are engaged in some class struggle of their own. Obama based a big part of his re-election campaign on characterizing the Republicans as insensitive to the working classes. At the same time, Hollande has tilted government back toward the common man.
Many in France want Hollande to go even further. His tactics, however, are sparking a backlash from the capitalist class.
Intensifying class struggle is not just a phenomenon of the slow-growth, debt-ridden industrialized world. Even in rapidly expanding emerging markets, tension between rich and poor is becoming a primary concern for policymakers.
Is Asia Heading for a Debt Crisis? Facing long hours, rising costs, indifferent managers and often late pay, workers are beginning to sound like true proletariat.
Tracking the level of labor unrest in China is difficult, but experts believe it has been on the rise. Policymakers have raised minimum wages to boost incomes, toughened up labor laws to give workers more protection, and in some cases, allowed them to strike.
But the government still discourages independent worker activism, often with force. Marx would have predicted just such an outcome.
Tens of thousands have taken to the streets of cities like Madrid and Athens, protesting stratospheric unemployment and the austerity measures that are making matters even worse.
Union membership in the U. Despite such calls, however, current economic policy continues to fuel class tensions. In China, senior officials have paid lip service to narrowing the income gap but in practice have dodged the reforms fighting corruption, liberalizing the finance sector that could make that happen.
Debt-burdened governments in Europe have slashed welfare programs even as joblessness has risen and growth sagged. In most cases, the solution chosen to repair capitalism has been more capitalism.
Policymakers in Rome, Madrid and Athens are being pressured by bondholders to dismantle protection for workers and further deregulate domestic markets. The emergence of a global labor market has defanged unions throughout the developed world. The political left, dragged rightward since the free-market onslaught of Margaret Thatcher and Ronald Reagan, has not devised a credible alternative course.
Marx may yet have his revenge.November 12, October Letter - Dear Fellow Aero Book Club Affiliates, If civilization is destroyed – as of now, I’d give this 60% odds – space alien museum curators, or whoever, will one day need to know what our beloved industry looked like. The Stubborn Mule (), by Hermann G.
Simon. When political commentators aren’t talking about Donald Trump, they are often talking about how the Democratic Party has “moved to the left.”. Globalization refers to the widening and deepening interconnections among the world’s peoples through all forms of exchange.
Some view Globalization as a process that is beneficial, a process inevitable and irreversible; nevertheless, others view it as a big problem for different cultures.
Introduction and key findings. Income inequality and slow growth in the living standards of low- and moderate-income Americans have become defining features of today’s economy, and at their root is the near stagnation of hourly wage growth for the vast majority of American workers.
Globalization is narrowing the poverty gap News • Paris, 27/01/ Far from widening the gap between rich and poor, globalization has helped to bring about unprecedented improvements in the living conditions of many of the world’s poorest people, ICC economic analysts report. The recent Paris accord on global climate change is a key step in acknowledging biophysical limits to human actions, but the challenge of respecting the biosphere’s ecological limits remains underrated.
We analyze how respecting these limits squarely conflicts with an economy centered on growth and technology to mitigate environmental stress.