Seattle’s “Amazon tax” and the capital strike

Readings:   The capital strike is so powerful that it’s rare that we actually get to see it in action. Normally, the threat of a capital strike is enough to stop progressive movements dead in their tracks. A capital strike occurs when owners of large companies threaten to move their businesses elsewhere […]

Minimum wage and the capital strike

Today’s education topic was capital flight (also known as a capital strike). Capitalism is not democratic, and the best example of this is the minimum wage. Our readings show that a massive majority of Americans supports a small minimum wage increase. Recent polling shows that 91% of Democrats, 76% of independents, and 58% of Republicans […]