The horizon is not so far as we can see, but as far as we can imagine

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Week-end Wrap – Political Economy – November 24, 2024

By Tony Wikrent

Strategic Political Economy

General Strike 2028 

Cory Doctorow [Pluralistic, via Naked Capitalism 11-22-2024]

…Trump is a scab, Dems need unions, Dems are not faithful to unions, unions make the Dems better, workers want unions, the public loves unions, and union membership is falling… it’s the union bosses’ fault.….

Those shitty union bosses? They’re on the way out. In 2023, the UAW held its first honest elections for generations, and radicals, led by Shawn Fain, swept the board. How did workers win their union back? They unionized more workers! Specifically, the UAW organized the brutally exploited Harvard grad students, and the Harvard kids memorized the union by-laws, and every time the corrupt old guard tried to steal the leadership election, one or another of them popped to their feet, reciting chapter-and-verse from the union’s own rules and keeping the vote going:

https://theintercept.com/2023/04/07/deconstructed-union-dhl-teamsters-uaw/

Fain led the UAW to an historic strike: the UAW took on all three of the Big Three automakers, and cleaned their clocks. UAW workers walked away with three new contracts, all set to expire in 2028. Fain then called upon every union to bargain for contracts that run out in 2028, because if every union contract expires in 2028, we’ve got the makings of a general strike.

That means that when the next presidential election rolls around, it’s going to be in the middle of the most militant moment in a century of US labor history. That is an opportunity.

Labor movements fight fascists. They always have. Trump and the GOP are not on the side of workers, notwithstanding all that bullshit about supporting workers by fighting immigration. Sure, when the number of workers goes up, wages can go down – if you’re not in a union. Conservatives have never supported unions. They hate solidarity. Conservatives want workers to believe that they can get paid more if labor is scarcer, and there’s some truth to that, but solidarity endures in good times and bad, and scarcity ends any time bosses figure out how to offshore, outsource, or automate your job. Scarcity is brittle….

Organizing a 2028 general strike under Trump won’t be easy. Workers won’t be able to secure support from the courts or the NLRB, whose brilliant Biden-era leadership team is surely doomed:

https://pluralistic.net/2023/09/06/goons-ginks-and-company-finks/#if-blood-be-the-price-of-your-cursed-wealth

But the NLRB only exists today because workers established unions when doing so was radioactively illegal and union organizers were beaten, jailed and murdered with impunity. The tactics those organizers used are not lost to the mists of time – they are a tradition that lives on to this day.

The standard-bearer for this older, militant, community-based union organizing was the great Jane McAlevey (rest in power). McAlevey ran organizing and strike drives as mass-movements; she wouldn’t call for either without being sure of massive majorities, 70%-95%:

https://pluralistic.net/2023/04/23/a-collective-bargain/

McAlevey understood union organizing as a source of worker power, but also as a source of community power. When she helped organize the LA Teachers’ strike, the teachers didn’t just demand better working conditions for themselves, but also green space for their students, and protection from ICE raids for their students’ parents. They did this under Trump, and built a turnout organization that flipped key seats and delivered a House majority to the Democrats in 2020.

In her work, McAlevey excoriated the kind of shittyass Dem power-brokers who just lost an election to a convicted felon and rapist, condemning their technocratic conceit that the path to electoral victory was in winning over precisely 50.1% of the vote in each tactically significant precinct. McAlevey said that’s how you get the nightmarish Manchin-Synematic Universe where Dems can’t deliver and workers don’t vote for Dems. To transform America, we need the kinds of majorities that McAlevey and her fellow organizers won in those strike votes – majorities that produced durable, anti-fascist power that turned into electoral victories, too.

The Revenge of the Deplorables?

Les Leopold, November 20, 2024

The working class started abandoning the Democrats long before Trump became a political figure, let alone a candidate. In 1976, Jimmy Carter received 52.3 percent of the working-class vote; In 1996, Clinton 50 percent; In 2012, Obama 40.6 percent; and in 2020, Biden received only 36.2 percent.

This decline has little to do with illiberalism on social issues. Since Carter’s victory, these workers have become more liberal on race, gender, immigration and gay rights, as I detail in Wall Street’s War on Workers.

Furthermore, my research shows that mass layoffs, not illiberalism, best explains the decline of worker support for the Democrats. In the former Blue Wall states of Pennsylvania, Michigan, and Wisconsin, for example, as the county mass layoff rate went up the Democratic vote went down. The statistical causation, of course, may be off, but the linkage here between economic dissatisfaction and flight from the Democratic Party is straightforward.

Unions to Democrats: Don’t blame us for Tuesday’s losses

Nick Niedzwiadek, 11/06/2024 [Politico]

Despite persistent fears that labor might break for former President Donald Trump, exit polling showed Vice President Kamala Harris winning voters in union households 55 to 43 percent, roughly on par with President Joe Biden’s performance in 2020. (A separate survey from NBC News had Harris up 10 points among union voters.)

In fact, union voters were one of the few groups that did not appreciably shift toward Trump and Republicans….

Lean Into the Punch: Labor under Trump.

Hamilton Nolan, November 22, 2024 [How Things Work]

…For all of their public talk about how they plan to fight, the instinct of the leadership of most big labor unions in America when faced with a hostile federal government is to do the opposite—to withdraw into their shells like turtles and try to weather the storm, to protect what they already have as best they can until the next election rolls around, when they will pour everything into the campaign of a friendlier candidate, who they presume will reset the playing field to a more welcoming state, which will then allow them to flourish.

This mentality will get us fucking smashed over the next four years….

Many stories have been written about what Project 2025 and another Trump administration will mean for labor policy and the takeaway is “bad things.” The NLRB will be hostile. All prospects for helpful labor legislation will disappear. Related policy action helpful to worker power, like aggressive antitrust enforcement, will cease. Many bad things are coming down the pipeline, but let me touch on three big ones:

  • The NLRB….
  • Government employees … Trump, with the help of Tweedlee and TweedleDOGE, is going to do everything he can to strip labor protections away from federal workers, purge career employees, install political loyalist hacks in positions that should really have career civil servants, and laugh as federal agencies stop working properly because there are no qualified employees there left to run them….
  • The legal assault on the entire structure of America’s labor law regime: Parallel to what the Trump administration will be doing with policy and inside of government agencies, there is already an ongoing attempt by employers to attack the legality of the NLRB and, more broadly, the National Labor Relations Act itself. (More on that here.)….

There are precisely two things to be done, beginning now, and continuing for the next four years. One thing is to organize….

The other thing to do is to strike. More bluntly: to do more legal as well as illegal strikes. (Teachers in Massachusetts are showing us the way right this minute.) The legal regime that corporations are salivating to dismantle is the same one that has, for decades, laid out the ground rules for who and how and where and when strikes could expect to be sanctioned by the law. Take away those rules and the only silver lining for workers is that the shackles are off….

Frontline Democrats Won With Progressive Populist Messages

Luke Goldstein, November 22, 2024 [The American Prospect]

Longtime Democratic moderates who attacked big business and monopolies outpaced Harris in swing districts.

Open Thread

Use to discuss topics unrelated to recent posts.

Week-end Wrap – Political Economy – November 17, 2024

by Tony Wikrent

 

Strategic Political Economy

The Elephant in the Room–No, the Other Elephant 

Charles Hugh Smith [Of Two Minds, via Naked Capitalism 11-15-2024]

The reason why it’s so easy to ignore extreme wealth inequality (EWI) is that we don’t experience EWI as a thing, we experience a decline in our standard of living as wealth is siphoned up into the top 10%….

The RAND study Trends in Income From 1975 to 2018 concluded that capital skimmed $50 trillion from labor from 1975 to 2018.

Using data from the Federal Reserve’s FRED database (series A4102E1A156NBEA), correspondent Alain M. calculated the actual sum for the period 1970 to 2022 (2022 being the most recent data available) was a staggering $149 trillion: his spreadsheet is available here as a PDF: Employees Share of Gross Domestic Income 1970-2022.

If wage earners’ share of Gross Domestic Income had remained at 51% instead of declining to 43%, wage earners would have received an additional $149 trillion over those 52 years. That’s roughly $3 trillion a year, which works out to an additional $22,000 annually for America’s 134 million full-time workers or an additional $18,000 annually for the nation’s entire work force (full-time, part-time, self-employed, gig workers) of 163 million….

In my view, there should be zero taxes on all earnings up to the median wage of $60,000 annually–no Social Security taxes, nothing–and progressively steeper taxes on all income / capital gains from capital/finance above some modest amount, say half of the median wage ($30,000 annually), along with a transaction tax for every financial trade submitted, whether it executes or not. Shifting the tax burden from labor to capital/finance would at least start the overdue rebalancing….

Crypto industry accounts for half of corporate donations in 2024 election

GRAPH: Top 10 corporate campaign funders in the 2024 US election

[Public Citizen, via The Big Picture 11-17-2024]

  • In 2024, crypto corporations have poured over $119 million directly into influencing federal elections, primarily into a non-partisan super PAC dedicated to electing pro-crypto candidates and defeating crypto skeptics.
  • Crypto corporations are by far the dominant corporate political spenders in 2024 as nearly half (44%) of all corporate money contributed during this year’s elections ($274 million so far) came from crypto backers.
  • Koch Industries is a distant second place in 2024. The privately held conglomerate owned by Charles and, formerly, the late David Koch, contributed $25 million to its Koch-controlled Americans for Prosperity Action and $3.25 million toward electing Republicans to Congress.

[TW: cryptocurrencies were created and promoted by libertarians in line with their dream of total freedom from government regulation and oversight. In the Federalist Number 10, Madison wrote “The regulation of these various and interfering interests forms the principal task of modern legislation.” In the Federalist Number 15, Hamilton poses one simple question to test the worth of any national financial scheme: “Is private credit the friend and patron of industry?” Which has contributed more to the advance of the human condition? Libertarianism, or the civic republicanism embodied by Madison and Hamilton? It is exactly because they are unable or unwilling to contemplate such questions that USA and western elites have so little support among their publics. ]

 

Welcome To The United States of Crypto (podcast)

Jared Jacang Maher, November 15, 2024 [The Lever]

After spending hundreds of millions to influence politicians in both parties, the industry defeated some of its fiercest critics and scored bipartisan support, particularly from President-elect Donald Trump, despite crypto’s potential risks for consumers and the financial system. Today on Lever Time, Lever reporter Freddy Brewster discusses crypto’s emergence as a political power broker and what industry insiders are hoping for in return for their massive donations….

For a transcript of this episode, click here.

Open Thread

Use to discuss topics unrelated to recent posts.

Week-end Wrap – Political Economy – November 10, 2024

by Tony Wikrent

 

Global power shift

Biden ‘rushing’ billions in aid to Ukraine as Trump win fuels uncertainty 

[Al Jazeera, via Naked Capitalism 11-07-2024]

Gaza / Palestine / Israel

We are witnessing the final stage of genocide in Gaza 

[Guardian, via Naked Capitalism 11-07-2024]

Israel, Blackmail & the Presidents 

[Consortium News, via Naked Capitalism 11-07-2024]

From Iron Dome to F-15s: US provides 70% of Israel’s war costs 

[CTech, via Naked Capitalism 10-29-2024]

The World According To Trump (by Col. Wilkerson) 

Chris Hedges

[TW: At 34:40 Wilkerson begins an explanation that, because of modern battlefield surgery, killed in action is no longer as important a metric of combat as is wounded in action, and by the metric of wounded, the IDF is clearly losing against Hezbollah in Lebanon.]

Oligarchy

Trump Win Fulfills Oligarchy’s 50-Year Plan for Right-Wing Takeover

Thom Hartmann, November 06, 2024 [Common Dreams]

The billionaires have won. They have successfully killed the American Dream. And now we have to fight back.

Two Plutocrats Shifted Harris’ Earned Media Message. It Didn’t End Well.

The Revolving Door Project, November 07 2024 [Common Dreams]

“In October, billionaire Mark Cuban bragged about his role in exiling a Harris surrogate and former Elizabeth Warren staffer for the sin of supporting a wealth tax during a television appearance. This claim was bolstered this month by reporting in The Atlantic that suggests that Uber General Counsel (and VP Harris’ brother-in-law) Tony West convinced Vice President Harris to ratchet down her populist messaging lest it upset the Silicon Valley and Wall Street elites he was courting on her behalf.

Fiona Hill on America’s Emerging Oligarchy

[Politico, via The Big Picture 11-03-2024]

The longtime Russia expert explains why Elon Musk, Vladimir Putin and Donald Trump are all talking to each other.

What Elon Musk Really Wants

[The Atlantic, via The Big Picture 09-27-2024]

The Tesla and X mogul has long dreamed of redesigning the world in his own extreme image. Trump may be his Trojan horse.

What Does Mark Cuban Want? 

[Sludge, via Naked Capitalism 10-29-2024]

Monopoly Round-Up: Jeff Bezos and the Washington Post Teach Democrats About Billionaires

Matt Stoller [BIG, via Naked Capitalism 10-28-2024]

What It’s Like Being a Billionaire’s Personal Assistant

[The Cut, via Naked Capitalism Water Cooler 10-30-2024]

“Another reason these people get stingy is that there’s some kind of psychological distortion that happens when everyone fawns over you all the time. The VIP’s mentality is, “Hey, this person should be paying me, because they get to be around greatness.” They’re used to having people want a piece of them. So they think that the job is such an amazing opportunity that they shouldn’t have to pay the person what they’re actually worth. They live in a bubble and their reality is warped.” And: “You have to have thick skin. You’re like a rhinoceros or an armadillo. And you have to have incredible patience. The way you word things is so important. Your intonation and speed of delivery — I mean, it’s an art. You’re working for people who are not used to hearing no.” And: “The Hollywood publicity machine creates a certain image, and it’s very rare to meet a celebrity who is genuinely an amazing, brilliant, kind, humane person to everyone all the time. Once you’ve been around it enough, those butterflies start to go away.”

The carnage of mainstream neoliberal economics

Open Thread

Use to discuss topics unrelated to recent posts. (No election or Trump related comments.)

Democrats will not adapt to this defeat

There won’t be any introspection.

Empires, like fortunes, are lost slowly and then all at once.

I’m afraid what is coming is going to fall on every American fairly equally like the snow on the graveyard at the end of James Joyce’s “The Dead”

Yes, the newspapers were right: snow was general all over Ireland. It was falling softly upon the Bog of Allen and, further westwards, softly falling into the dark mutinous Shannon waves. It was falling too upon every part of the lonely churchyard where Michael Furey lay buried. It lay thickly drifted on the crooked crosses and headstones, on the spears of the little gate, on the barren thorns. His soul swooned slowly as he heard the snow falling faintly through the universe and faintly falling, like the descent of their last end, upon all the living and the dead.

Democrats who have themselves not yet fallen into precarity or the economic abyss can not and will not accept that our system is completely rotten and we need to change course and leadership.
It took the GOP from 2008 to 2016 to admit that the Reagan/Bush playbook and leadership class was bankrupt and had to go.
It will likely take multiple election cycles before some figure or movement arises that can win a Democratic primary. And given that the Democrats have a long and proud history of sabotaging the most popular and most likely to win the general election candidates it might require a whole new party emerging.
Democrats had their chance at a new direction and likely multiple administrations and an even longer dominance of the Congress with Bernie Sanders but rejected the clear will of the overwhelming majority of the young voters of their party.
Those young voters are drifting away in multiple directions.
Of my comfortably retired upper-middle classic acquaintances none are even willing to admit publicly (some will in private) that the Democrats make poor tactical choices, much less admit that the whole party and every individual needs to really re-evaluate their approach and even core beliefs.
Trump is at least a wild card which presents some chance of positive change, but the odds of radically negative change are much higher.
Regardless, the status-quo has been thoroughly rejected by the majority of the American public.
That is a fact people need to accept in order to try and steer that majority in the least self-destructive direction possible.
It’s unfortunate that the members of professional-managerial class (and those of us who have pretensions to it) have never truly accepted the idea of majority rule.
We’re going to lose a war in humiliating fashion — with an outside chance that it will be over quickly — which will trigger economic collapse (and that’s if we don’t start nuking people).
Then and only then will our ruling elites turn on each other in something that will be like a post-modern parody of the first American Civil War.
Hopefully it’ll be over in 5-7 years and some of us will be alive to adjust to the new normal and enjoy a few decades of relative peace as we adjust to penury, plagues, and rapidly worsening climate change.
Jonathan Cook had some good observations:

Kamala Harris didn’t lose because she’s a woman or because she’s black.

She lost because, if your political and media system – rigged by donors – limits the choice to two hardline neoliberal candidates, with anything else denounced as “communism”, the most hardline, neoliberal candidate has an edge.

Over time, the system keeps moving further to the hardline, neoliberal right. You can’t stop that relentless shift by voting for one of the two symptoms of your diseased political system.

You have to rise up against the diseased system itself.

As did Freddie de Boer:

You can’t blame losing the popular vote and all seven swing states on Jill Stein.

You can’t blame losing the popular vote and all seven swing states on Putin and the Russians.

You can’t blame losing the popular vote and all seven swing states on Bernie Sanders and his supporters.

You can’t blame losing the popular vote and all seven swing states on Joe Rogan.

You can’t blame losing the popular vote and all seven swing states on Glenn Greenwald and The Young Turks.

You can’t blame losing the popular vote and all seven swing states on the decision to run with Tim Walz.

You can’t blame losing the popular vote and all seven swing states on the New York Times and its occasional Democrat-skeptical opinion pieces.

You can’t blame losing the popular vote and all seven swing states on Joe Biden for getting out of the race too late.

You can’t pull all the usual Democrat tricks. You have to actually figure out what’s wrong with your party, root and branch. Because you called the guy a fascist, again, and he walked right through that insult to the Oval Office, again. And the eternal question presents itself: what are you going to do about it?

2024 Election Day Open Thread

Use to discuss the election and its aftermath.

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