Carrol Cox wrote:
 >
We have had nearly four decades of an ever-intensifying assault on 
workers' income: wages,  benefits, public and private pensions, and so 
forth.
<

Yes, that is the key fact to explain in order to sort out the way forward.

The cause of this assault, especially in contrast to decades preceding 
it, can't be greed; it is around in inexhaustible supply and insatiable 
throughout capitalism.

--Four decades is too long for a cyclical explanation.

--It's not the weakness of trade unions or the collaboration of union 
leaders. Subjective explanations do not withstand much scrutiny. In 
addition, the assault has spread to western Europe.

--The cause is not international capital movement to new pools of 
low-wage labor. Globalization in this sense became a significant factor 
only two decades ago.

Historical materialism, if it worth anything, is good for discovering 
the change in capitalism that it cannot develop its way out of. That's 
where the theoretical effort belongs.

Charles Andrews
No Rich, No Poor

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