The Wages of Global Capitalism

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This article originally appeared at Truth-out.org

Wage growth in the world slowed to an average of 2 percent in 2013. That was less than in 2012 and far less than the pre-crisis rate of 3 percent. Starker still were the differences between wage growth in the "developed world" (chiefly Western Europe, North America and Japan) and wage growth in the major "emerging growth" countries, chiefly China.

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Costs of Global Capitalism

The International Labor Organization (ILO) just released a report on December 5, 2014 (http://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_324645/lang--en/index.htm) sharply exposing what the development of global capitalism means and costs. Here are its key conclusions:

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This article originally appeared at Truth-out.org

System Change, or There and Back Again: Capitalism, Socialism, Fascism

Societies today where capitalist economic systems prevail confront government gridlock. Facing serious and deepening economic problems, even when their leaders can...

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The Fall of the Berlin Wall and the Failures of Actually Existing Economic Systems

Hype went wild coming into last week's 25th anniversary of the fall of the Berlin Wall. "Freedom" had been achieved. The German Democratic Republic (GDR)...

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Young Democratic Socialists: Interview With Professor Richard Wolff

YDS National Organizer Betsy Avila recently sat down withRichard Wolff, Professor of Economics and visiting professor at The New School in New York...

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