The election of Donald Trump
symbolises the demise of a remarkable era. It was a time when we saw
the curious spectacle of a superpower, the US, growing stronger because
of – rather than despite – its burgeoning deficits. It was also
remarkable because of the sudden influx of two billion workers – from
China and Eastern Europe – into capitalism’s international supply chain.
This combination gave global capitalism a historic boost, while at the
same time suppressing Western labour’s share of income and prospects.
The US election confirmed the death of an extraordinary economic era. Now, control of the next must be wrested from the emboldened nationalists.
Read the rest of the story HERE:
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
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