“this shoring up of identity politics is not just a defense against attacks on substantive equality from the right. It’s preparation for a war against leftist candidates sure to enter the ring in 2020. “
In the debates over the proper role of identity politics, efforts to use identity to derail class-based projects have been widely overlooked.
So about those jobs you were promised…
“Rather than using record profits, and record amounts of borrowed money, to invest in new plants and equipment, develop new products, improve service, lower prices or raise the wages and skills of their employees, they are “returning” that money to shareholders. Corporate America, in effect, has transformed itself into one giant leveraged buyout.”
Mortgage debt fueled the last bubble. Corporate debt is fueling this one.