by
CrimethInc.
Fordism
(en)
the use in manufacturing industry of the methods pioneered by Henry Ford, typified by large-scale mechanized mass production
95
It's possible to see the Bolshevik revolution as an exotic version of the Fordist compromise, in which workers' struggles were channeled into supporting a new bureaucratic ruling class in return for a share of consumer goods.
whoa
notable
7 years, 3 months ago
It's possible to see the Bolshevik revolution as an exotic version of the Fordist compromise, in which workers' struggles were channeled into supporting a new bureaucratic ruling class in return for a share of consumer goods.
whoa
notable
7 years, 3 months ago
a term for the loans provided by the IMF and the World Bank to countries that experienced economic crises, which come with strings attached: privatisation and deregulation, mainly (the conditions are also known as the Washington Consensus)
136
The International Monetary Fund and World Bank can force "structural adjustment programs" on so-called developing nations in return for loans precisely because these countries have been exploited for so long.
notable
7 years, 3 months ago
The International Monetary Fund and World Bank can force "structural adjustment programs" on so-called developing nations in return for loans precisely because these countries have been exploited for so long.
notable
7 years, 3 months ago
fomenting
(en)
(verb) to promote the growth or development of; rouse incite
249
Capitalism foments divisions between people to facilitate the concentration of wealth, but it can also permit individuals economic mobility in ways that protect its intrinsic inequalities.
the real meaning of meritocracy!
notable
7 years, 3 months ago
Capitalism foments divisions between people to facilitate the concentration of wealth, but it can also permit individuals economic mobility in ways that protect its intrinsic inequalities.
the real meaning of meritocracy!
notable
7 years, 3 months ago