Pluralistic: Union pensions are funding private equity attacks on workers (05 Oct 2023)

Today’s links Union pensions are funding private equity attacks on workers: When your pension fund comes for your job, your home, and your funeral. Hey look at this: Delights to delectate. This day in history: 2013, 2018 Colophon: Recent publications, upcoming/recent appearances, current writing projects, current reading Union pensions are funding private equity attacks on workers (permalink) If end-stage capitalism has a motto, it’s this: “Stop hitting yourself.” The great failure of “voting with your wallet” is that you’re casting ballots in a one party system (The Capitalism Party), and the people with the thickest wallets get the most votes. During the Cultural Revolution, the Chinese state would bill the families of executed dissidents for the ammunition used to execute their loved ones: https://www.quora.com/Is-it-true-the-Chinese-government-makes-the-families-of-executed-people-pay-for-the-cost-of-bullets In end-stage capitalism, the dollars we spend to feed ourselves are used to capture the food supply and corrupt our political process: https://pluralistic.net/2023/10/04/dont-let-your-meat-loaf/#meaty-beaty-big-and-bouncy And the dollars we save for retirement are flushed into the stock market casino, a game that is rigged against us, where we are always the suckers at the table: https://pluralistic.net/2020/07/25/derechos-humanos/#are-there-no-poorhouses Everywhere and always, we are financing our own destruction. It’s quite a Mr Gotcha moment: https://thenib.com/mister-gotcha/ Now, anything that can’t go on forever will eventually stop. We are living through a broad, multi-front counter-revolution to Reaganomics and neoliberal Democratic Party sellouts. The FTC and DOJ Antitrust Division are dragging Big Tech and Big Meat and Big Publishing into court. We’re seeing bans on noncompete clauses, and high-profile government enforcers are publicly pledging never…Pluralistic: Union pensions are funding private equity attacks on workers (05 Oct 2023)

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