Tom
Doug Henwood wrote:
> rc-am wrote:
>
> > >"Political Preconditions To Separating Ownership from Control:
> > The Incompatibility of the American Public Firm with Social
> > Democracy"<
> >
> >tell me there's something i've missed here, but what do they think
> >they've uncovered?
>
> I haven't read the paper yet, but it sounds like an argument I've
> made myself - that U.S.-style capitalism, with strong pressures
> coming from impatient stockholders for profit maximization, puts
> downward pressure on wages, makes life very difficult for unions, and
> disperses political responsibility for the labor-unfriendly state of
> affairs. Bank-centered systems, paradigmatically the German, are more
> stable and more amenable to political pressure to be a bit friendlier
> to labor. But I haven't read the paper, and abstracts are often a
> poor guide to what's inside.
>
> Doug