On unemployment.
The Covid crisis has led to millions out of work - but the situation was none too rosy before, either. Post-crisis recoveries seem increasingly 'jobless', while the overall labour force participation rate keeps falling as people drop out entirely.
We interview to Liz Pancotti of Employ America for a picture of what's driving US unemployment.
Then we talk to Aaron Benanav about his new book and learn that it's not robots who are stealing jobs, but rather capitalism's own stagnation. Why are both radical Keynesian ideas and UBI proposals no real solution? And, finally, what is the working class to do in a world with depressed demand for labour?
Running order:
Readings:
/366/ Reading Club: Legitimacy (IV)
/365/ It’s So Over (Again) ft. Ryan Zickgraf
UNLOCKED: /361/ A Nightmare on the Brains of the Living ft. Benjamin Studebaker
Excerpt: /364/ The Eternal Sunshine of the Bourgeoisie
UNLOCKED: /351/ Eating the Left’s Lunch? ft. Cecilia Lero & Tamás Gerőcs
Excerpt: /363/ Outsourcing the State
/362/ Life Doesn’t Have to Zuck ft. Cory Doctorow
Excerpt: /361/ A Nightmare on the Brains of the Living ft. Benjamin Studebaker
Excerpt: /360/ Reading Club: Legitimacy (III)
/359/ Apollo Gets High ft. Benjamin Fong
/357/ Lucky, Meaty Nations ft. Shahar Hameiri & Tom Chodor
/356/ Land of the Unfree ft. Sohrab Ahmari
Excerpt: /355/ F***ing and shooting are not the same
UNLOCKED /328/ The New Scramble for Africa
Excerpt: /354/ Reading Club: Legitimacy (II)
/353/ Bunga Sells Out ft. Jason Myles
Excerpt: /352/ Cold War Marxism, East & West ft. Sean Sayers
Excerpt: /351/ Eating the Left’s Lunch? ft. Cecilia Lero & Tamás Gerőcs
Excerpt: /350/ Reading Club: Legitimacy (1)
/349/ The PMC & Their Politics ft. Dan Evans & Catherine Liu
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