The New American Economy by Tom Suhrbur
From the earliest days of the Industrial Revolution, manufacturing drove the U.S. economy. Steel, railroad, textiles, automobiles and countless other enterprises made the U.S. the leading industrial power of the world in the 20th Century. Industry also gave rise to labor unions. Following WWII, a third of the workforce mostly in the private sector was unionized. Strong labor unions shifted income from capital to labor. The U.S. working class enjoyed the highest standard of living in the world in the 1960s.
Today, a growing portion of American business profits is derived from financial transactions instead of manufacturing. In 1947, the U.S. financial services industry comprised only 10% of total non-farm business profits. Today more than half of all profits are derived from investment, trading, rent, student loans, mortgages, brokerage, credit cards and other financial transactions.
Citizen Action Endorsements
Chicago DSA is a member of Citizen Action/Illinois, and our representative, Ron Baiman, participated in their endorsement meeting on January 16. Endorsement requires a super-majority of 60%, and a move to endorse Bernie Sanders failed by two votes. Citizen Action/Illinois is making no endorsement for the Presidential nomination. You can find the rest of their endorsements HERE.
Citizen Action/Illinois has also released its Illinois legislative scorecard, available HERE.
Rickey Hendon and Elaine Shaw have filed objections to the nominating petitions for Bernie Sanders. These objections are apparently directed at the petitions placing Sanders’ name on the ballot, not toward his delegates.
Early voting begins February 4.
Time to End the Illinois Hostage Stand-Off
At The Shriver Brief, John Bouman writes:
Like most hostage-takers, Governor Rauner knew that if his demands were not met, at some point the hostages would have to begin to die, literally or figuratively. And, sure enough, the dying is underway.
#Black Workers Matter
Last September, the Institute for Policy Studies held a two-day convening on race and organizing at the historic Pullen Memorial Baptist Church in Raleigh, North Carolina, which has a decades-long tradition of progressive stands on social issues. The Black Workers Matter: Organize the South convening focused on fresh, new strategies for supporting organizing as a means of lifting up black workers in this region, known for its high levels of poverty, low wages, and low unionization rates. Read the highlights and conclusions from the conference HERE. (PDF)
Save Jobs at the Chicago Nabisco Plant
From the Chicago Federation of Labor:
Mondelez, the maker of Nabisco brands products, intends to eliminate more than 600 good paying jobs on the Southside of Chicago and send these jobs to Salinas, Mexico. For more than 60 years, the South Kedzie Street Bakery made cookies and crackers enjoyed by families in our area and across the country.
By making the decision to send production to Salinas, Mexico, Nabisco is eliminating hundreds of middle class jobs in this heavily African-American and Hispanic community in southwestern Chicago.
Mondelez plans to send these jobs to Mexico and then to bring the products produced there back to the U.S. for sale in the very communities where the laid-off American workers reside.
To learn more and to join the fight, visit fightforamericanjobs.org.
To listen to their new radio ad: