Capitalism's New Era
Submitted on August 16, 2011
By Shamus Cooke - August 16, 2011
For the wealthy and corporations this is a life and death struggle. The Great Recession has already bankrupted the banks and corporations who were not fit enough to survive under a crumbling market economy. The existing companies are thus forced to squeeze more work for less pay out of their workers, since labor is the most flexible cost of any business. Pushing labor costs down -- and...social programs -- is thus the priority of the corporations and their paid-for politicians across the globe, since the global economy is tightly connected and they all play by the vicious rules of the market.
