The real income of 90% of US families only increased ten percent since 1973. For many, the American dream has become a nightmare. More than half are even in a worse situation today than 37 years ago. The working class has not shared in the productivity growth.
"The “Great Transition” is meant to echo the phrase used by Karl Polanyi, The Great Transformation, the title of Polanyi’s important 1944 book describing the shift from the world of the commons to that of the total market order..."
Partido Lakas ng Masa (Party of the Labouring Masses) commiserates with the families of the eight Chinese nationals killed in the tour bus hijacking in Manila on Monday, August 23. The blunders of the Philippine police and officials in the hijacking crisis, which led to the deaths of the eight tourists, are indefensible from many aspects.