CA/Working People's Campaign: Difference between revisions

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* [http://www.wpatoday.org/WPA_News.html WPA Today: WPA & WPA-type News]
* [http://www.wpatoday.org/WPA_News.html WPA Today: WPA & WPA-type News]
* [http://www.huffingtonpost.com/robert-reich/consumer-spending-economic-recovery_b_1591454.html Why The Economy Can't Get Out of First Gear]
: We might learn something from history. During the 1920s, income concentrated at the top. By 1928, the top 1 percent was raking in an astounding 23.94 percent of the total (close to the 23.5 percent the top 1 percent got in 2007) according to analyses of tax records by my colleague Emmanuel Saez and Thomas Piketty. At that point the bubble popped and we fell into the Great Depression. But then came the Wagner Act, requiring employers to bargain in good faith with organized labor. Social Security and unemployment insurance. The Works Projects Administration and Civilian Conservation Corps. A national minimum wage. Taxes were hiked on the very rich. And in 1941 America went to war -- a vast mobilization that employed every able-bodied adult American, and put money in their pockets. By 1953, the top 1 percent of Americans raked in only 9.9 percent of total income. Most of the rest went to a growing middle class -- whose members fueled the greatest economic boom in the history of the world. Get it? We won't get out of first gear until the middle class regains the bargaining power it had in the first three decades after World War II to claim a much larger share of the gains from productivity growth.
* [http://roarmag.org/2011/11/the-ninety-five-theses-on-the-ills-of-europe/ The Ninety-Five Theses on the Ills of Europe]
* [http://roarmag.org/2011/11/the-ninety-five-theses-on-the-ills-of-europe/ The Ninety-Five Theses on the Ills of Europe]
* [http://www.youtube.com/watch?v=fYFw3O--2R0 Capitalism Is The Crisis (Full Movie)] (YouTube)
* [http://www.youtube.com/watch?v=fYFw3O--2R0 Capitalism Is The Crisis (Full Movie)] (YouTube)

Revision as of 20:01, 1 July 2012

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