Surviving Capitalism (Not) : How capitalism's great relocation pauperised America's 'middle class'

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

Tuesday, July 16, 2013

How capitalism's great relocation pauperised America's 'middle class'

Click here to access article by Richard Wolff from The Guardian.

He reviews the abandonment of the early centers of production by corporations which saw greater profit opportunities elsewhere. Then he poses some very important questions regarding the future:

Will capitalism in its old centers of North America, Europe and Japan be able to hold the grudging support of their working classes, as it now delivers long-term declines of wages, working conditions, and living standards? Can capitalism achieve the social acceptance in the new centers that its first 200 years found in the old centers?