Russell A. Whitehouse — The Myth Of Capitalism – Mass Review
The principal yell for is that contest is the driver of capitalism every bit companies strive inwards the marketplace to hand efficiency in addition to effectiveness inwards anticipating in addition to coming together demand. When contest decreases, the engine fails to business office every bit an evolutionary force. This is hardly a novel idea. See "What Is Monopoly Capital?" by John Bellamy Foster in addition to "Monopoly Capitalism" by Paul M. Sweezy. But the authors of The Myth of Capitalism document what is happening amongst it recently.
This too affects project in addition to the project market:
...T&H write, “When workers convey fewer employers to select from inwards their draw of work, their bargaining ability disappears. Corporate giants tin strength out crush their suppliers, merely the principal affair companies purchase is labor, in addition to they convey been squeezing workers.” Thus, payoff convey struggled to move yesteryear away along upward amongst inflation for decades. Benefits are cut, spell stock buybacks soar. Unhappy workers inwards all merely three states tin strength out last shackled to soul-sucking jobs via non-compete clauses. Furthermore, “56% of somebody sector non-unionized workers are forced into mandatory arbitration in addition to of those, 23% were too denied whatever access to class-action lawsuits. This agency that almost a quarter of working Americans inwards the somebody sector don’t convey the basic correct to sue their employer.”...
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