impossibility of soc dem in U.S.

Tom Lehman uswa12 at Lorainccc.edu
Thu Sep 16 12:41:57 PDT 1999


Doug, what's the weather like in NYC. Are you having an LBO hurricane watch?

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



More information about the lbo-talk mailing list