These institutions have rigged the markets for the benefit of a select few. The only solution is to make them public utilities.
The capitalist elites want everyone else to be temp workers trapped in demeaning, low-paying, part-time, service-sector jobs without job security or benefits. For a prime example of this, check out what Uber and Lyft have done to taxi drivers, and their own drivers, in New York City.
The Truthdig columnist goes to Anderson, Ind., to witness the impact of the flight of General Motors jobs.
"To poison all the children in an historic American city is no small feat."
The rise of “independent contractors” is the most significant legal trend in the American workforce -- contributing directly to low pay, irregular hours and job insecurity.
On the brink of a new, post-bankruptcy beginning, Detroit is really two cities. One is comprised of wealthy enclaves linked to a compact, rapidly redeveloping downtown. The other is made up of the rest of the 139-square-mile urban expanse, populated by longtime residents who have fought for decades to survive in an environment that has become increasingly uninhabitable.
"The 'vulture' financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama," investigative journalist Greg Palast writes Thursday at The Guardian. "But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default."
General Motors Chief Executive Mary Barra said Thursday that the company had fired 15 mostly senior executives over the deadly ignition scandal that has placed the automaker under federal investigation.