mandate trade union training- ireland and finance (sept 2014)
TRANSCRIPT
Ireland and Finance
Mandate Training9 Sept 2014
Dr. Conor McCabeUCD School of Social Justice
DREAM…
INNOVATION
[Lehman collapse, 15 September 2008 - headlines 16 Sep 2008]
Over the last quarter of a century something fundamental seems to have changed in the way in which capitalism works.
The tendency since 1970 has been towards greater geographical mobility of capital.
Rather than being a modest helper to the capital accumulation process, [finance] gradually turned into a driving force.
Speculative finance became a kind of secondary engine for growth given the weakness in the primary engine, productive investment.
“Part of the reason people get less giddy about the Dow than they did five years ago is that they have learnt a bit about inequality.
what looks like a recovery, a rally or an increase in consumer confidence may just be the effect of elites passing money among themselves.“
Christopher Caldwell, FT 9 March 2013
One company – 200 employees
One employee– 200 companies
