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View Diary: Looks Like Durbin Backing Chained CPI (187 comments)

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  •  I believe you're talking (5+ / 0-)

    about "neo-feaudalism".

    "Violence never requires translation, but it often causes deafness." - Bareesh the Hutt.

    by Australian2 on Sun Apr 14, 2013 at 11:02:40 AM PDT

    [ Parent ]

    •  Shiny and new, since it is "neo" (6+ / 0-)

      Feudalism, that is.

      But aren't we there already?  Do we have a choice but to rent or sell our labor to survive in a monetized economy?  The Rentier class is in charge now as ever.  We just call it "free markets" when in reality, labor has little to no liberty whatsoever.

      Free labor market would be:  labor able to cross international borders to seek employment, just as capital and goods freely cross international borders today.

      Labor covered by national health care (not insurance coverage - that's not the same as health care) so that it is free to move from job to job or location to location without fear of being wiped out by medical disaster or even minor illnesses.

      Labor able to readily seek training and education to advance their lot in life, instead of being compelled to undertake massive loans from the Rentiers again - part of the continuing debt cycle which keeps labor under control.

      Labor being paid reasonable, respectable, but above all, livable wages even for seemingly minor jobs like fast food* * or trash collection.  Every worker who puts in a good 8 hour day deserves a living wage.

      There's much more, but that is just the basics which come to mind at the moment.


        * * in a previous job as an economic forecaster (15 rys) for a huge corporation, I had the unusual task of intensely studying shopping malls for a couple years.  What does everyone think are the highest per square foot grossing and netting store types in a shopping mall?

      Ding!   Jewelry stores (low volume, high price) and Fast Food (low price, high volume).  Fast food outlets are among the business categories MOST able to pay higher, livable wages, but among the least likely to do so.

      "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

      by YucatanMan on Sun Apr 14, 2013 at 01:55:39 PM PDT

      [ Parent ]

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