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Excerpt from The Relations Between Capital and Labor in the United States Our government is made up of the people, by the people, and for the people. Whatever irritates and distracts any considerable number of its citizens comes close and quick in its sensitive pulsation to the heart and strength of our national life. With us government and people are synony mous terms. Like the brain and the body, they are bound together by innumerable and delicate nerves. Does the one suffer, then the pain is speedily communicated to every part of the body politic. We have no Strong, conservative and centralized force that stands apart by itself, governed by a special sovereignty, and controlled by a limited authority, in the maintenance of public peace and order. Do the people strike at the government and the civil rule, then they fall. We have no soldiers enlisted in their defence but them; no coercive power for municipal order and national unity but what they voluntarily contribute. Do the people make the assault upon our institutions, then Caesar has fallen by the hand of his bosom-friend Brutus. It would seem, then, that under such circumstances we must make some satisfactory solution of this difficult problem of capital and labor; that we must find some remedy for the disease, discover some palliative to sooth and allay its inflammation for, should it continue to increase in its maddened intensity and purpose, who will set the bounds to what it may destroy, who limit the extent of the upheaval and change it may produce, in the present social order and political system of the government of the United States? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Bringing together ethnographic case studies of industrial labor from different parts of the world, Industrial Labor on the Margins of Capitalism explores the increasing casualization of workforces and the weakening power of organized labor. This division owes much to state policies and is reflected in local understandings of class. By exploring this relationship, these essays question the claim that neoliberal ideology has become the new ‘commonsense’ of our times and suggest various propositions about the conditions that create employment regimes based on flexible labor.
In this empirical study, Saskia Sassen offers a fresh understanding of the processes of international migration. Focusing on immigration into the US from 1960 to 1985 and the part played by American economic activities abroad, as well as foreign investment in the US, she examines the various ways in which the internationalization of production contributes to the formation and direction of labor migration.
"An eloquent and essential correction to contemporary discussions of the American working class."—The Nation From the ongoing issues of poverty, health, housing, and employment to the recent upsurge of lethal police-community relations, the black working class stands at the center of perceptions of social and racial conflict today. Journalists and public policy analysts often discuss the black poor as “consumers” rather than “producers,” as “takers” rather than “givers,” and as “liabilities” instead of “assets.” In his engrossing history, Workers on Arrival, Joe William Trotter, Jr., refutes these perceptions by charting the black working class’s vast contributions to the making of America. Covering the last four hundred years since Africans were first brought to Virginia in 1619, Trotter traces the complicated journey of black workers from the transatlantic slave trade to the demise of the industrial order in the twenty-first century. At the center of this compelling, fast-paced narrative are the actual experiences of these African American men and women. A dynamic and vital history of remarkable contributions despite repeated setbacks, Workers on Arrival expands our understanding of America’s economic and industrial growth, its cities, ideas, and institutions, and the real challenges confronting black urban communities today.
After four centuries of bondage, the nineteenth century marked the long-awaited release of millions of black slaves. Subsequently, these former slaves attempted to reconstruct the basis of American democracy. W. E. B. Du Bois, one of the greatest intellectual leaders in United States history, evaluates the twenty years of fateful history that followed the Civil War, with special reference to the efforts and experiences of African Americans. Du Bois’s words best indicate the broader parameters of his work: "the attitude of any person toward this book will be distinctly influenced by his theories of the Negro race. If he believes that the Negro in America and in general is an average and ordinary human being, who under given environment develops like other human beings, then he will read this story and judge it by the facts adduced." The plight of the white working class throughout the world is directly traceable to American slavery, on which modern commerce and industry was founded, Du Bois argues. Moreover, the resulting color caste was adopted, forwarded, and approved by white labor, and resulted in the subordination of colored labor throughout the world. As a result, the majority of the world’s laborers became part of a system of industry that destroyed democracy and led to World War I and the Great Depression. This book tells that story.
Slavery helped finance the Industrial Revolution in England. Plantation owners, shipbuilders, and merchants connected with the slave trade accumulated vast fortunes that established banks and heavy industry in Europe and expanded the reach of capitalism worldwide. Eric Williams advanced these powerful ideas in Capitalism and Slavery, published in 1944. Years ahead of its time, his profound critique became the foundation for studies of imperialism and economic development. Binding an economic view of history with strong moral argument, Williams's study of the role of slavery in financing the Industrial Revolution refuted traditional ideas of economic and moral progress and firmly established the centrality of the African slave trade in European economic development. He also showed that mature industrial capitalism in turn helped destroy the slave system. Establishing the exploitation of commercial capitalism and its link to racial attitudes, Williams employed a historicist vision that set the tone for future studies. In a new introduction, Colin Palmer assesses the lasting impact of Williams's groundbreaking work and analyzes the heated scholarly debates it generated when it first appeared.
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.
A comprehensive history reconstructs the migration patterns of Mexican laborers, connecting them to social, economic, and political developments that have shaped the American Southwest, while describing the racism and capitalist exploitation suffered by the laborers as well as the collective forms of resistance and organizing engaged in by the laborers themselves.
The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have become partial owners of their firms and thus, in effect, both employees and stockholders. Profit sharing arrangements and gain-sharing bonuses, which tie compensation directly to a firm’s performance, also reflect this new attitude toward labor. Shared Capitalism at Work analyzes the effects of this trend on workers and firms. The contributors focus on four main areas: the fraction of firms that participate in shared capitalism programs in the United States and abroad, the factors that enable these firms to overcome classic free rider and risk problems, the effect of shared capitalism on firm performance, and the impact of shared capitalism on worker well-being. This volume provides essential studies for understanding the increasingly important role of shared capitalism in the modern workplace.
Excerpt from Prentice-Hall Tax Service for 1919 This allowance is not based upon the difference between the actual war cost of such facilities and what they would have cost at pre-war prices. Obviously the taxpayer is not entitled to recover or extinguish through amortization more than the difference between the war cost of such property and what he can sell the property for after the war, or if he continues to need and use it in his business, what it would have cost him after the war. As the rule is expressed in Article 183 of the Regulations: The total amount to be extinguished by amortization, in general, is the excess of the unextinguished or unrecovered cost of the property over its maximum value (either for sale or for use as part of the plant or equipment of a going business) under stable post war. Conditions.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.