Levers of Power: Capital Strikes (and How to Beat Them)
Start: Monday, June 14, 2021• 6:00 PM • Pacific Daylight Time (US & Canada) (GMT-07:00)
End: Monday, June 14, 2021• 8:00 PM • Pacific Daylight Time (US & Canada) (GMT-07:00)
- "How Capital Strikes Yanked Barack Obama's Presidency to the Right" - Tarun Banerjee, Michael Schwartz, Kevin Young (2020)
- Levers of Power, Chapter 4 - Selected Excerpts (link) (2020)
- "A Short Postmortem of Seattle's Head Tax Repeal" - Paul Alexander (2018)
The power of workers to strike and win concessions from capitalists is familiar to many socialists. What's less familiar is how elites use capital strikes - threats to move jobs overseas, replace workers with robots, or simply withhold their investment - to earn concessions of their own. When this happens, politicians have little recourse to fight back.
But powerful movements have defeated capital strikes before. What would it take to do this again?
This month, we'll be reading excerpts from Levers of Power, a new book by Tarun Banerjee, Michael Schwartz, and Kevin Young. We'll examine how both the Obama and Trump administrations bowed to the threat of capital strikes, and learn about how a powerful Civil Rights Movement beat capitalists at their own game: not just by appealing to lawmakers, but by taking on business itself.
Join us Monday, June 14th at 6PM on Zoom! A guest speaker will give a short lecture based on the assigned readings, followed by breakout sessions and a large group discussion. DSA members from around the country are welcome to come learn with us. See you then!