Friday, August 27, 2010

Screwing labor for fun and profit (some more)

Via: channeling JP Morgan

"the latest profit recovery (the three red dots) is reliant on declining labor costs like none before it."









It will be disgusting beyond measure if the very slight increases in marginal tax rates on top 1 percent incomes (in historical context) coinciding with the lapsing of the Bush tax cuts are blocked by the ruling class.  Here again are top marginal tax rates in perspective (via Krugman):

Measnwhile, Yves Smith does a good job describing the SEC’s neutering of shareholder representation reforms. 


Plutocracy died with Obama’s election!  Long live Plutocracy!

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