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Forum Post: High Unemployment Brings Marx to the World Bank

Posted 9 years ago on Sept. 10, 2014, 12:52 p.m. EST by agkaiser (2516) from Fredericksburg, TX
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"We have considered the political reasons for the opposition to the policy of creating employment by government spending. But even if this opposition were overcome - as it may well be under the pressure of the masses - the maintenance of full employment would cause social and political changes which would give a new impetus to the opposition of the business leaders. Indeed, under a regime of permanent full employment, the 'sack' would cease to play its role as a 'disciplinary measure. The social position of the boss would be undermined, and the self-assurance and class-consciousness of the working class would grow. Strikes for wage increases and improvements in conditions of work would create political tension. It is true that profits would be higher under a regime of full employment than they are on the average under laissez-faire . . . But 'discipline in the factories' and 'political stability' are more appreciated than profits by business leaders."

from: Low Wage Growth, High Long-Term Unemployment Recognized as International Problem Posted on September 10, 2014 by Yves Smith http://www.nakedcapitalism.com/2014/09/low-wage-growth-high-long-term-unemployment-recognized-international-problem.html

The hubris of upper middle class and ruling elites has bothered me since my early teens. I've rebelled against their control and authority all my life . . . at least in spirit. I find them detestable, onerous, obnoxious and insufferable. That they think they're righteous and a blessing to the human race they parasitize is ironic. That they think themselves human at all is idiotic.

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[-] 7 points by ShadzSixtySix (1936) 9 years ago

An important heat map. Where all devices are connected to the internet in the world :

The 0.01% Parasite Class are the same the world over and the rule of The Bankster Oligarchs HAS to end. The inter-web is a great tool for The 99% - hence the link above & thanx for a excellent forum-post and link. Yves Smith and her web-site are brilliant.

The yearning for freedom from the greedy grasp of The Banksters - is what is driving the ''Yes'' vote in Scotland's Independence Referendum right now as Left-of-Centre Scots, prepare to kick the Right-of-Centre and the out right - Right-Wing UK Political Establishment, in the nuts !!! Fyi please consider :

radix omnium malorum est cupiditas ...