Category: Economy

Anticapitalism, Economy, SocialismLeave a comment

On Interest Rates and Central Banks

dsamadison

by Skye Winspur I want to make the case that democratic socialists should care about interest rates set by central banks. While I do not worship capitalism, or trust the stock market at all, I do see the value to our society in having central banks. The US Federal Reserve was created, as almost all the US government’s “deep state” institutions have been – Social Security, the Federal Deposit Insurance Corporation, and Medicare are other examples – as a response to repeated failures of capitalism. Financial panics in 1857, 1873, 1893 and 1907 were distressing enough to the investor class, … Continue reading On Interest Rates and Central Banks

Economy, Labor, UnionsLeave a comment

Starbucks: The long haul from recognition to a national contract

dsamadison

Frank Emspak argues that Starbucks workers can win a union and a contract at Starbucks if the labor movement acts like a labor movement. Update from State Street Starbucks Our union sympathetic manager has quit because he “can no longer ethically work for this company”. Our new store manager has been selected and is a universally disliked leader who is known for firing union organizers. We have also learned that our district manager expects our store specifically, though not others, to follow a scheduling system made by an AI. Because of this, in the school year when we typically have about … Continue reading Starbucks: The long haul from recognition to a national contract

abolition, City Gov, Economy, Elections, InequalityLeave a comment

Max Prestigiacomo’s tumultuous year on the Madison Common Council

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Interview by K Locher The now-former District 8 Alder reflects on his time in office. This story was produced in partnership with Red Madison/Tone Madison Following a year of protests against police violence, the Spring 2021 elections were a mixed … Continue reading Max Prestigiacomo’s tumultuous year on the Madison Common Council