With the recent victory of Alexis Tsipras’s post-referendum, streamlined electoral machine, shorn of its nettlesome Left Platform, it is finally time to soberly survey the wreckage the Syriza sequence has left in its wake.
Less than twenty-four hours after the drubbing handed out to the Sanders campaign on March 15needing to win big to survive, he was swept across five states, and embarrassed in threeone of the senior editors of the journal Jacobin dashed off what can be considered the publication’s official assessment of this state of affairs (Peter Frase, “The Long March,” March 16).
It is in this serious light that we have to look at the question of the growing army of the unemployed. We have to stop looking for solutions in pump-priming, featherbedding, public works, war contracts, and all the other gimmicks that are always being proposed by labor leaders and well-meaning liberals.
You probably first heard of him when reading, on Bloomberg.com or in the pages of The New Yorker, about his role as one of the founders of the Occupy Wall Street movement. Some of you might have stumbled across him even earlier, when The New York Times published a short article on the openly anarchist anthropology professor whose politics, he lamented, thwarted his plans for tenure at Yale.
While we often think of automation and A.I. as developments that will eventually replace workers (think of Teslas partly automated tractor-trailer), those tools are already in heavy use in the workplace. And they havent replaced workers; theyve simply been brought in to manage declining working conditions.5
On February 19, 2017, the New York Times ran a feature story on recent changes in the United States oil industry. The focus was on the recent “embrace” of technological innovation in the industry after the 2014 plunge in the global oil market.
Now that the one-year anniversary of the events of late May and early Junecrowned, dramatically, by the immolation of the Third Precinct station in Minneapolishas come and gone, the need to draw up a balance sheet of what unfolded becomes urgent.
Millions of Americans were forcibly put out of work by the pandemic shutdowns; others were forced to work in exceptional, even intolerable, conditions. And yet, against a backdrop of riot and disorder, in February 2021 the Bureau of Labor Statistics published a new release confirming 2020 one of the lowest points of working class militancy in recent history, the third lowest since records began being kept in 1947.
On March 3, a full two weeks before its scheduled meeting on March 1718, the Federal Reserve announced a surprise interest rate cut of half a percent, down to 1.25 percent. It was the first emergency rate cut since October 2008, in the midst of the worst economic crisis since the 1930s. The markets were caught off-guard, and far from reassured.
To Our Friends, The Invisible Committees most recent book, appears a little over seven years after 2007s The Coming Insurrection.