The Plight Of The Modern CEO
The lament of the 1%: Instead of earning around 200 times the salary of the average worker, they might earn 150. Yet another example of Barack Obama killing the American dream.
The lament of the 1%: Instead of earning around 200 times the salary of the average worker, they might earn 150. Yet another example of Barack Obama killing the American dream.
The Article: Revolt of the Rich by Mike Lofgren in The American Conservative.
The Text: It was 1993, during congressional debate over the North American Free Trade Agreement. I was having lunch with a staffer for one of the rare Republican congressmen who opposed the policy of so-called free trade. To this day, I remember something my colleague said: “The rich elites of this country have far more in common with their counterparts in London, Paris, and Tokyo than with their fellow American citizens.”
That was only the beginning of the period when the realities of outsourced manufacturing, financialization of the economy, and growing income disparity started to seep into the public consciousness, so at the time it seemed like a striking and novel statement.
At the end of the Cold War many writers predicted the decline of the traditional nation-state. Some looked at the demise of the Soviet Union and foresaw the territorial state breaking up into statelets of different ethnic, religious, or economic compositions. This happened in the Balkans, the former Czechoslovakia, and Sudan. Others predicted a weakening of the state due to the rise of Fourth Generation warfare and the inability of national armies to adapt to it. The quagmires of Iraq and Afghanistan lend credence to that theory. There have been numerous books about globalization and how it would eliminate borders. But I am unaware of a well-developed theory from that time about how the super-rich and the corporations they run would secede from the nation state.
The American Legislative Exchange Council (ALEC) fuses together the worst of corporate and legislative corruption into one seamless copy and paste model policy package. For more information, visit here.
Carl Sagan on why it’s important to respect people of different viewpoints and beliefs, even if you vehemently disagree with them.
The Article: Walmart strikes spread to more states by Josh Eidelson in Salon.
The Text: For the second time in five days – and also the second time in Walmart’s five decades – workers at multiple U.S. Walmart stores are on strike. This morning, workers walked off the job at stores in Dallas, Texas; Miami, Florida; Seattle, Washington; Laurel, Maryland; and Northern, Central, and Southern California. No end date has been announced; some plan to remain on strike at least through tomorrow, when they’ll join other Walmart workers for a demonstration outside the company’s annual investor meeting in Bentonville, Arkansas. Today’s is the latest in a wave of Walmart supply chain strikes without precedent in the United States: From shrimp workers in Louisiana, to warehouse workers in California and Illinois, to Walmart store employees in five states.
“A lot of associates, we have to use somewhat of a buddy system,” Dallas worker Colby Harris said last night. “We loan each other money during non-paycheck weeks just to make it through to the next week when we get paid. Because we don’t have enough money after paying bills to even eat lunch.” Harris, who’s now on strike, said that after three years at Walmart, he makes $8.90 an hour in the produce department, and workers at his store have faced “constant retaliation” for speaking up.
On Thursday, as first reported at Salon, southern California Walmart store workers staged a day-long walkout of their own. Organizers say over sixty workers from nine stores signed in as on strike. About thirty of them were from the same store in Pico Rivera, where strikers and supporters rallied with labor leaders, clergy and politicians. “I’m still thrilled about what happened,” said Harris, who flew in for last week’s walkout. “And it’s given me a lot more energy and a lot more drive.” Other workers were visiting from further away than Texas: When the striking workers returned to work Friday morning, international Walmart workers marched into their nine stores with them, carrying their own countries’ flags.