World employers report

Click here to access article by David Ruccio from Occasional Links & Commentary.

 Economist Ruccio comments on the latest World's Bank report. This is how he starts out:

The history of capitalism is actually a combination of two histories: it’s a history of employers attempting to hire workers and develop new technologies to make profits and expand the reach of capitalism; it’s also a history of workers banding together to improve wages and working conditions and imagine ways of moving beyond capitalism.

The World Bank’s World Development Report, currently in draft form, comes down firmly on the side of employers and their historical role.