[lbo-talk] The American Prospect 8/30/07: "What's behind the sub-prime disaster?" by Robt. Kuttner

Doug Henwood dhenwood at panix.com
Fri Aug 31 06:28:58 PDT 2007


On Aug 31, 2007, at 3:27 AM, B. wrote:


> Until hearing Doug speak of the "working class
> surliness" of the 1970s on his radio show, I'd never
> actually thought of the 1970s as a period of working
> class militancy.

Christian Parenti had a great piece in a Baffler from around 2000 on just that, but I can't find my copy now. It was a time of wildcat strikes. They had to call in the national guard at one point to deliver the mail. Workers were sabotaging assembly lines. Around the world, OPEC was leading the charge for global redistribution. The U.S. had lost in Vietnam. "Inflation" was in part an economic phenomenon, but also a sense that the bourgeoisie was losing control.

Doug



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