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Democratic Left articles

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The Financial Crisis: Roots and Remedies

Oct 01, 2008; ... During the week of September 15-19, 2008, both the Dow Jones and the S&P 500 indices dropped almost 10 percent - they were already down about 20 percent from their October 2007 records - and then recovered as the U.S. Treasury and the Federal Reserve decided that markets can't always be ...

What's Happening to America?

Oct 01, 2008; ... The list of our problems in the United States is long. The economy is sliding into recession, and turmoil in the financial sector resulting from Feckless antics by managers is spreading, threatening something much worse than recession. Meanwhile, as at the end of the 1920s, the illusion of ...

This Election is Different - a Potential Catastrophe

Oct 01, 2008; ... For some, all elections are important. Democratic socialists, burned by repeated shifts to the right of the Democratic Party and the growing marginalization of third parties, tend to be more skeptical. This Presidential election, however, has the potential of doing immense damage to the United ...

The State of U.S. Labor & Building Union Power

Oct 01, 2008; ... The State of Organized Labor in the U.S. It is sobering to note that U.S. unions have been in decline for the entire worklife of the vast majority of today's workers. It was long ago, in 1955, when unions reached their highest density (that is, the proportion of the total workforce which ...

Chinese Labor: Epic Struggle in the Pearl River Delta

Oct 01, 2008; ... While Americans are focused on the important electoral choices coming Nov. 4, equally momentous decisions are being made in the Pearl River Delta area of China's Guangdong Province. The industrial belt stretching from Hong Kong north through the cities of Shenzhen and Dongguan to the provincial ...