Tag: Working class

Labor’s unhappy marriage to the Democrats

Original article, an exceprt from Lance Selfa’s new book The Democrats: A Critical History via socialistworker.org:

After eight long years of George W. Bush, millions of people are counting the days to the inauguration of a Democratic president. But would a Democrat in the White House and a Democratic Congress deliver on the promise of change that so many people want to see?

Lance Selfa is a SocialistWorker.org columnist and editorial board member of the International Socialist Review. His new book, The Democrats: A Critical History, documents how, time after time, the party that claims to represent ordinary people has betrayed their aspirations of ordinary people while pursuing an agenda favorable to big business.

In this excerpt from the book, Lance examines the era when Franklin Roosevelt’s Democratic Party cemented its alliance with organized labor–with unions as the junior partner.

The Wall Street crisis and the failure of American capitalism

Original article by Barry Grey, via World Socialist Web Site:

The end of Lehman Brothers and Merrill Lynch, two of the largest Wall Street investment banks, one week after the government takeover of the mortgage finance giants Fannie Mae and Freddie Mac, marks a new stage in the convulsive crisis of American capitalism.  

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