I think we are starting to discover that all of the well-paid, big-bonus leaders of business are nothing more than stupid, greedy fools. Let’s start putting those big salaries and bonuses back to the workforce, okay?
Not gonna happen under the dictatorship of capital.
We could conceivably get a new new deal that reshuffles the deck a few times, the trick will be rejecting that deal
That’s basically what Sanders was trying to do with the Green New Deal. And apparently, even these minimal and necessary reforms needed to save the system were deemed to be too much by the oligarchs.
The difference between the old new deals, and any new new deals is the new deals of the 1930s were forced through by a widespread strikes and organizing in every crucial sector. FDR didn’t make labor unions legal, the labor movement was seizing control of whole cities and industries, for years, and forced the labor movement into a state of legal legitimacy. But as soon as that happened, the legal labor movement was subordinated to the federal government. Taft-Hartley, which came after concerted demobilization of the labor movement during ww2, was the first formal step toward the death-spiral of mass labor power.
No social democrat has ever, or will ever, be able to conceive or gestate a new deal, all they can do is use institutional legitimacy to deliver it, and steal all the credit in the process. (The primary contradiction of capitalism according to Marx is “socialized production, individualized surplus”, another overlap between economic and political production.) I know that you know this, but it just can’t be said enough.
That’s exactly right, the New Deal was the concession to organized and militant labor movement that saved capitalism. No such movement exists today, and therefore there is no organized threat for the current ruling class to worry about. I think it’s also worth noting that the rich absolutely know they’re fighting a class war here. The plutonomy memo from citi group basically lays it all out. It’s kind of ironic that these people have far better understanding of Marxism than most of the western left.
They don’t want to save capitalism. They believe capitalism is about to be over, and they want to be in control of whatever it is that comes next.
what comes next is fascism
May they choke on their failure.
They’re worried they’re not spending enough on AI.
Classic MLM tactics. “If you’re not seeing a return on Herbalife, it’s cuz you’re not spending enough on it!”
I don’t know what people expected, 90% of adoption is performative bullshit.
If you have to force your staff to use a “tool” it’s a bad tool.
There are jobs and places where AI is useful, but execs seem to look at fake demos and believe them with 200% confidence. Executives generally not experts so don’t see the cracks. They just see “talks like a human, cheaper than a human”.
And I’m pretty sure AI is getting blamed for Trumps tariff related layoffs. Companies cannot blame tariffs without reprisal from Trump, but if they say they’re laying off employees due to AI they sound strong and innovative.
