Category: The Capital Strike

How the capital strike gives owners of capital disproportionate power and the ability to overrule the will of the majority.

Seattle’s “Amazon tax” and the capital strike

Readings: https://www.theatlantic.com/technology/archive/2018/06/how-amazon-helped-kill-a-seattle-tax-on-business/562736/ https://www.currentaffairs.org/2017/10/being-held-hostage-by-rich-people https://www.npr.org/2018/06/13/619444956/seattle-repeals-tax-on-big-business-after-opposition-from-amazon-starbucks   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 […]