Political Economy
How much more will be required before the U.S. public awakes from its political slumber? Tepid action in the workplace, the voting booth, and the streets have allowed the right wing to steamroll revolutionary changes that have remade the entire sociopolitical structure of the United States. Since the election of Franklin Roosevelt in 1932, every Democratic administration with the exception of Lyndon Johnson’s has been more conservative-often far more conservative-than the previous Democratic administration. Similarly, every elected Republican administration, with the single exception of George Herbert Walker Bush’s, has been more conservative than the previous Republican administration. The deterioration in the distribution of income is a symptom of a far larger problem. Perhaps formulating the situation in the United States might help people understand their class interests as well as reveal who has benefited from the right-wing revolution | more…
Many of the informal economies operating in the world today are the offspring of globalization and need to be understood as such. The economic and social prospects for people engaged in informal employment-sometimes referred to as “precarious” and “off-the-books employment”-as well as their families and communities, are substantially inferior to those associated with formal employment, and the current boom of informal economic activity bodes ill for all working people | more…
Following Hurricane Katrina, many people sought to answer the question of whether its social effects and the government response to the country’s biggest natural disaster had more to do with race or with class. Media images broadcast from the Big Easy showed nearly all those left behind to suffer and die were black Americans—it looked like race. However, those families most able to afford homes in safer flood-protected areas and that had resources to evacuate easily suffered much less than poorer families, which seemed to make it more a class issue. There was no denying that those left behind were mostly poor and black. As public debate escalated amidst increasing allegations of lawlessness among the evacuees, white and conservative Americans vehemently fought the idea that racism had caused the extreme levels of black impoverishment and slowed the government response | more…
Forty years ago this summer, a group of women and men came together to form the National Organization for Women (NOW). NOW’s mission was to fight for gender equality through education and litigation. While not the only group fighting for women’s rights, it quickly became one of the best known and largest. Today, NOW has over a half million members and over 500 chapters throughout the country. NOW was founded at a time when women were entering the paid labor force in increasing numbers. NOW had its critics: many said it ignored race and class, others said it was too focused on liberal feminist legal strategies like passing the Equal Rights Amendment. Numerous other organizations representing working-class women and women of color developed, including the Coalition of Labor Union Women, 9to5, the National Organization of Working Women, and the Combahee River Collective. Together with a myriad of other groups these organizations helped build the women’s movement of the 1960s and 1970s | more…
The origins of the current standards-based movement in public education can be traced back to the early twentieth century when curriculum theorists like Ellwood Cubberley and others attempted to align school curricula to the needs and demands of the U.S. economy by developing a scientific approach to designing and planning them.1 From the 1950s to the 1970s, with the Cold War in full swing, the “back to basics” movement gained momentum in teacher education programs and graduate schools of education. Supporters of the movement were determined to ensure that school curricula reflected not only the ideologies and political views of the dominant social classes in the United States, but that they also prepared students for employment in the growing military industrial complex to defend the country against the so-called communist threat | more…
I was born in 1946 in a small mining village in western Pennsylvania, about forty miles north of Pittsburgh, along a big bend in the Allegheny River. The house in which I lived during my first year of life had neither hot water nor indoor plumbing. It was a company house, and my grandmother had purchased it for $1,000 from the mining company after the town had ceased to be a company town, thanks to the United Mine Workers. A small coal stove in the living room heated the entire house | more…
1. We need to change the understanding of class in the United States, going from the division of “rich and poor” to the division of “worker and capitalist.” | more…
In April 2000 Robert W. (Bob) McChesney and John Bellamy Foster joined Harry Magdoff and Paul Sweezy as coeditors of MR. In December 2002, while still coeditor of MR, Bob, working in close collaboration with journalist John Nichols and campaign finance reform advocate Josh Silver, launched Free Press, a nonpartisan media reform organization. From the start Free Press was unique in three ways: (1) it took on the entire gamut of media policy issues with the idea of building a unified grassroots coalition against the corporate-dominated media; (2) it sought to draw popular organizations into the movement for media reform, including organized labor, educators, feminists, civil rights organizations, and environmentalists (and was willing to ally with conservative groups committed to the principles of a free and open media system); and (3) it was dedicated to taking the offensive on media issues by sponsoring legislation in cooperation with members of Congress in an effort to change the status quo. By 2004 Bob’s growing responsibilities as founder, president, and board chairman of Free Press, in addition to his already arduous teaching, writing, and speaking commitments, compelled him to resign as MR coeditor, though he remains a director of the MR Foundation | more…
Dan Berger, Outlaws of America: The Weather Underground and the Politics of Solidarity(San Francisco: AK Press, 2006), 450 pages, paperback, $20.00.
Despite its many detractors and small numbers, the Weather-man/Weather Underground Organization has emerged in the past ten years as a major topic in the growing history of the 1960s. Many of those who knew the group during its existence—personally or in name only—often wonder why this is so. After all, goes this train of thought, Weatherman/Weather Underground represented all that was wrong with the movement against the war in Vietnam and against racism. The group encouraged violence and represented the epitome of arrogance. What about the rest of us? | more…
It is an inescapable truth of the capitalist economy that the uneven, class-based distribution of income is a determining factor of consumption and investment. How much is spent on consumption goods depends on the income of the working class. Workers necessarily spend all or almost all of their income on consumption. Thus for households in the bottom 60 percent of the income distribution in the United States, average personal consumption expenditures equaled or exceeded average pre-tax income in 2003; while the fifth of the population just above them used up five-sixths of their pre-tax income (most of the rest no doubt taken up by taxes) on consumption.1 In contrast, those high up on the income pyramid-the capitalist class and their relatively well-to-do hangers-on-spend a much smaller percentage of their income on personal consumption. The overwhelming proportion of the income of capitalists (which at this level has to be extended to include unrealized capital gains) is devoted to investment. | more…
An esteemed colleague read three paragraphs of news clip on employer pensions before he realized it was from the satirical newspaper The Onion. The tip off was the interview with an eighty-seven-year-old machine shop worker struggling with widowhood, high stress, and early stage Alzheimer’s at General Electric. Early stage Alzheimer’s was the first clue, not the eighty-seven-years of age. Satire writers must have a holy grail of seconds before the earnest reader starts chuckling; my colleague’s delay might be a record. It takes three seconds to know “Cindy Sheehan loses second son in Katrina” is a lampoon. The reason it took so long to laugh at a news story that GE was adopting a new policy of “lifetime” jobs and a new forty-five-year vesting period for their pensions is that it is credible; the signs of the end of retirement are all around | more…
The questions regarding U.S. macroeconomic policy these days come down to whether the country can keep borrowing. Can consumers keep spending by increasing their debt level? Can the federal government keep running a large budget deficit without serious problems developing? Can the U.S. current account deficit keep growing? Will foreigners keep buying government bonds to cover this growing debt? If the answer is no to such questions, we can expect serious trouble and not just for the United States but for the rest of the world, which has grown used to the United States as the consumer of last resort. The United States buys 50 percent more than it sells overseas, enough to sink any other economy. In another economy, such a deficit would lead to a severe devaluation of the currency, sharply inflating the price of imports and forcing the monetary authorities to push interest rates up considerably | more…