Capitalist economy is failing

March 15, 2014

Ongoing national strikes and demonstrations by fast food workers demanding a $15 an hour living wage show that workers’ reality is not the media-touted economic “recovery” enjoyed by the super-wealthy finance capitalists. In real life the 2008 depression drags on. In a punitive move, Congressional Republicans wouldn’t even allow a vote for long-term unemployment benefits to continue, in spite of the record 1.7 million, or 37% of the officially unemployed, who have been out of work for six months or longer. Previously, a rate anywhere near this was called an emergency, compelling an automatic extension of benefits.

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