Harold Meyerson: The Big Skim — How Financial Scams Suck Money from Corporations Instead of Investing in Capability and Jobs
As a result of the shareholder revolution, the money that once went to expansion and new ventures has gone instead into shareholders’ pockets.
The number of Americans aged 16 and older not participating in the labor force hit 92,898,000 in February, tying December’s record, according to data released by the Bureau of Labor Statistics (BLS).
The winds of change are blowing harder. The crisis since 2007 has renewed criticism of capitalism, but pressure for change has built far longer than that. So it is time to draw some lessons from the major social changes of the past and apply them now. One of the most important lessons concerns class. How activists see and act on today’s class system can make social movements more effective now than in the past – as a brief historical review can show. . . . What is possible now is a new class perspective that defines revolution in 2015 as clearly and explicitly targeted to end exploitation in any form.