executive pay

Michael Eisenscher meisenscher at igc.apc.org
Sun Aug 2 09:57:48 PDT 1998


At 10:31 AM 8/2/1998 -0400, Louis Proyect wrote:


>A fundamental point of departure for Marxism in the US today is that the
>capitalist system is regressing to the state of inequality that existed
>around the turn of the century. Statistics bear this out, as for example
>those cited by Andrew Hacker in his book "Money".

Coincidentally, union density at the start of the century was 5.5% (almost entirely private sector). If the present rate of decline continues, private sector union density will be at about 7-8% at the end of the century and start of the new millenium. 100 years of struggle and 2-3% to show for it!!!!!!

Anyone who does thinks the labor movement isn't in crisis is delusional.

Michael E.


>
>A socialist explanation for this phenomenon is quite elegant and simple.
>Money is being taken out of the pockets of the working class and put into
>the bank accounts of the ruling class. The redress would be to put a
>taxation of one hundred percent on all incomes over a million dollars or
>something like that. The call for tax redistribution can be used as a means
>to raise socialist themes. Socialism, you remember what that was, don't
>you, Jim?
>
>Louis Proyect
>(http://www.panix.com/~lnp3/marxism.html)
>
>



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