America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country. In this essay we will discuss the socio-economic roots of inequalities and the relation between the concentration of wealth and the downward mobility of the working and salaried classes. How the... Read More
Introduction: About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea. In contrast, only 10% of Danish workers, 15% of Norwegian, 30% of French, 43% of UK and 50% of German workers work 40 or more hours. With the... Read More
Introduction: Over the past 30 years, wealth has grown exponentially and has become increasingly concentrated foremost in the upper .01%, then the .1%, followed by the 1% and the upper 10% - 20%. The large scale, long-term concentration of wealth has continued through booms and busts of the real economy, the financial and IT crises.... Read More
Introduction: Leading management consultants, top government officials and prominent financial journalists are proposing, what they dub, “labor reforms” as the solution for double-digit unemployment and underemployment, economic stagnation and the decline of capital investments. “Labor Reform” as the Concentration of Power and Profits First of all, the term “labor reform” is just a euphemism for... Read More
The near extinction of private sector unionism and the moribund millionaire leadership provides an opportunity to start anew with a horizontal leadership, accountable to the membership and integrated with community based co-op, ecologist, immigrant, consumer based organizations. Introduction There are two uncontestable facts about the United States: the economy and the working class are experiencing... Read More
The bailouts of banks, speculators and manufacturers served their real purposes: the multi-millionaires became billionaires and the later became multi-billionaires. Introduction According to the annual report of the business magazine Forbes there are 1,210 individuals – and in many cases family clans – with a net value of $1 billion dollars (or more). There total... Read More
Progressive, leftist, radical and even a few ‘Bearish’ Wall Street pundits have been arguing for years about the coming collapse, decline or demise of US capitalism. Introduction No amount of continued growth of billionaires, millionaires and multimillionaires, record earnings by investment houses and double digit profit growth of major corporations can convince our doomsayers from... Read More
The ”cry of the excluded” has many meanings, depending on the historical context and the protagonist. The word ”excluded” has a double meaning. In the most commonly understood context it means the social classes and social groups ( indigenous people, blacks, women etc. ) who are excluded from social services like health and education, from... Read More
James Petras is a Bartle Professor (Emeritus) of Sociology at Binghamton University, New York.
He is the author of more than 62 books published in 29 languages, and over 600 articles in professional journals, including the American Sociological Review, British Journal of Sociology, Social Research, and Journal of Peasant Studies. He has published over 2000 articles in nonprofessional journals such as the New York Times, the Guardian, the Nation, Christian Science Monitor, Foreign Policy, New Left Review, Partisan Review, TempsModerne, Le Monde Diplomatique, and his commentary is widely carried on the internet.
His publishers have included Random House, John Wiley, Westview, Routledge, Macmillan, Verso, Zed Books and Pluto Books. He is winner of the Career of Distinguished Service Award from the American Sociological Association’s Marxist Sociology Section, the Robert Kenny Award for Best Book, 2002, and the Best Dissertation, Western Political Science Association in 1968. His most recent titles include Unmasking Globalization: Imperialism of the Twenty-First Century (2001); co-author The Dynamics of Social Change in Latin America (2000), System in Crisis (2003), co-author Social Movements and State Power (2003), co-author Empire With Imperialism (2005), co-author)Multinationals on Trial (2006).
He has a long history of commitment to social justice, working in particular with the Brazilian Landless Workers Movement for 11 years. In 1973-76 he was a member of the Bertrand Russell Tribunal on Repression in Latin America. He writes a monthly column for the Mexican newspaper, La Jornada, and previously, for the Spanish daily, El Mundo. He received his B.A. from Boston University and Ph.D. from the University of California at Berkeley.