by
Jacobin
precariat
(en)
(precarious + proletariat) a social class formed by people suffering from precarity, due to lack of job security; emergence of this class has been ascribed to the entrenchment of neoliberalism; Guy Standing has a book on this
11
The growth of the "precariat", in this view, has undermined workers’ power at the point of production.
notable
7 years, 3 months ago
The growth of the "precariat", in this view, has undermined workers’ power at the point of production.
notable
7 years, 3 months ago
Wagner Act
(en)
aka the National Labor Relations Act of 1935; a foundational statute of US labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining for better terms and conditions at work, and take collective action including strike if necessary
26
While President Roosevelt and his New Deal administration quickly responded to labor unrest with legislative reforms like the 1933 National Industrial Recovery Act and the 1935 National Labor Relations Act (also known as the Wagner Act), successive Canadian governments steadfastly rebuffed labor’s demands.
notable
7 years, 3 months ago
While President Roosevelt and his New Deal administration quickly responded to labor unrest with legislative reforms like the 1933 National Industrial Recovery Act and the 1935 National Labor Relations Act (also known as the Wagner Act), successive Canadian governments steadfastly rebuffed labor’s demands.
notable
7 years, 3 months ago
legitimation crisis
(en)
a decline in the confidence of administrative functions, institutions, or leadership; first introduced in 1973 by Jürgen Habermas, a German sociologist and philosopher
39
the late 1970s is a good anchor point. By the end of that decade the country was engulfed in what sociologist Greta Krippner describes as a simultaneous social, fiscal, and legitimation crisis. The United States had overextended itself trying to manage both its domestic and overseas geopolitical projects. Military defeat, unrest at home and abroad, and increasing competition from European and Japanese firms led to skyrocketing inflation and rising unemployment.
notable
7 years, 3 months ago
the late 1970s is a good anchor point. By the end of that decade the country was engulfed in what sociologist Greta Krippner describes as a simultaneous social, fiscal, and legitimation crisis. The United States had overextended itself trying to manage both its domestic and overseas geopolitical projects. Military defeat, unrest at home and abroad, and increasing competition from European and Japanese firms led to skyrocketing inflation and rising unemployment.
notable
7 years, 3 months ago
creative destruction
(en)
the incessant product and process innovation mechanism by which new production units replace outdated ones; coined by Joseph Schumpeter in 1942 as "the essential fact about capitalism"
39
Looking back at the past seventy years of production, both globally and in the United States, it is clear that the industry is never up nor down for long. Hypercompetitive battles to win customers in America’s “replacement” market and the current dominance of “localized” production models undergird a landscape of perpetual creative destruction.
notable
7 years, 3 months ago
Looking back at the past seventy years of production, both globally and in the United States, it is clear that the industry is never up nor down for long. Hypercompetitive battles to win customers in America’s “replacement” market and the current dominance of “localized” production models undergird a landscape of perpetual creative destruction.
notable
7 years, 3 months ago
morass
(en)
(noun) marsh swamp / (noun) a situation that traps, confuses, or impedes / (noun) an overwhelming or confusing mass or mixture
42
The Left should resist the temptation to pronounce the present morass a foregone conclusion guaranteed by globalization or the internal drives of capitalism or competition.
notable
7 years, 3 months ago
The Left should resist the temptation to pronounce the present morass a foregone conclusion guaranteed by globalization or the internal drives of capitalism or competition.
notable
7 years, 3 months ago
neoliberalism
(en)
the postulate that markets are organised most effectively by private enterprise and that the private pursuit of accumulation will generate the most common good; accomplished by opening international markets and financial networks, and downsizing the welfare state
42
Situating the auto-industry restructuring in the context of multiple intersecting processes — globalization, neoliberalism, and financialization — also highlights the central role of class struggle.
notable
7 years, 3 months ago
Situating the auto-industry restructuring in the context of multiple intersecting processes — globalization, neoliberalism, and financialization — also highlights the central role of class struggle.
notable
7 years, 3 months ago
financialization
(en)
the process whereby the financial industry becomes more prominent
42
Situating the auto-industry restructuring in the context of multiple intersecting processes — globalization, neoliberalism, and financialization — also highlights the central role of class struggle.
notable
7 years, 3 months ago
Situating the auto-industry restructuring in the context of multiple intersecting processes — globalization, neoliberalism, and financialization — also highlights the central role of class struggle.
notable
7 years, 3 months ago
a slogan refering to globalization popularised by Margaret Thatcher; means that the market economy is the only system that works, and that debate about this is over
42
Yet the feeling that the working class is lucky for the crumbs it gets is ubiquitous; the neoliberal mantra of “there is no alternative” shows no signs of quieting.
notable
7 years, 3 months ago
Yet the feeling that the working class is lucky for the crumbs it gets is ubiquitous; the neoliberal mantra of “there is no alternative” shows no signs of quieting.
notable
7 years, 3 months ago
spatial fix
(en)
(in the context of capitalist crisis) avoiding the low-growth phase problem by exporting manufacturing to places with cheaper labour, thereby raising profits for a while
46
An expanded version of David Harvey’s concept of the spatial fix is helpful here for understanding this restructuring. Capital tried to resolve the problem of strong labor movements, and the threat to profitability that labor posed, by implementing a series of “fixes.”
notable
7 years, 3 months ago
An expanded version of David Harvey’s concept of the spatial fix is helpful here for understanding this restructuring. Capital tried to resolve the problem of strong labor movements, and the threat to profitability that labor posed, by implementing a series of “fixes.”
notable
7 years, 3 months ago