US Corporate Executives to Workers: Drop Dead


Here is another good one from Naked Capitalism, US Corporate Executives to Workers: Drop Dead.

Unfortunately, Porter appears to have characterized the problem accurately when he depicts the attitude of these self-serving executives as a looting of the commons of labor, meaning much of America. And the precursor of the early industrial period show that this can be a sustainable strategy until workers finally rebel. The Bolshevik revolution, which was actually a peasant revolt, was more than a century after the enclosure movement began its successful program to turn independent yeoman farmers into desperate factory wage-slaves. So while history suggests that capitalists will push workers beyond their breaking point, that rupture can be a very long time in coming.

Maybe that means that I can continue to profit from the looting for rest of my life.  That’s a load off my mind.

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