We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, February 1, 2013

Recession, Depression or Jobless Recovery? Long-Term Unemployment under “Neoliberal Capitalism”

Click here to access article by Alan Nasser from Global Research.

I regard this as a very important article to understand the unemployment trends that from a long-term perspective are appearing at an accelerating rate in capitalist economies: a growing and permanent high levels of unemployment creating a large class of human beings who are increasingly regarded by the ruling classes as dispensable. The implications of this for our future is mind-boggling. 
...the “jobs are not coming back”, there will be workers, lots of workers, whose only recourse will be long-term unemployment or low-skill, low-pay work. There you have it – neoliberal austerity for the masses. That’s the long-run prospect.
Although very important, and I regard it as a "must-read", the article could have been enhanced with graphs illustrating his main points, and generally edited for repetitive arguments.