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INCLUSIVE PROSPERITY FOR GLOBAL SUPPLY CHAINS

STRONG, INDEPENDENT LABOR MOVEMENTS have always been critical to inclusive prosperity. By organizing large-scale, disruptive strikes, workers can secure better pay. The United States, for example, has recently experienced a wave of teacher strikes in which teachers have effectively resisted public education cuts, secured better pay, and inspired hope. Through successful activism, many teachers have become emboldened, realizing they can influence wage negotiations.

Unions work, now and historically. Yet U.S. union membership is at an all-time low, which curbs union efficacy. Without harnessing their strength in numbers, workers struggle to secure wage hikes and resist anti-union legislation. The vicious cycle then perpetuates hopelessness, further discourages unionization, and compounds inequality.

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Find the complete article and many more in this issue of Boston Review - Economics After Neoliberalism (Summer 2019)
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About Boston Review

Economics After Neoliberalism offers a powerful case for a new brand of economics—one focused on power and inequality and aimed at a more inclusive society. Three prominent economists—Suresh Naidu, Dani Rodrik, and Gabriel Zucman—lead off with a vision “for economic policy that stands as a genuine alternative to market fundamentalism.” Expanding on “the state of creative ferment” they describe, Boston Review has commissioned responses to their essay from economists, philosophers, political scientists, and policymakers across the political spectrum as well as new essays that challenge the current shape of markets and suggest more democratic alternatives. Lenore Palladino explores the misguided logic of shareholder primacy and points to more equitable approaches to corporate governance—such as employee ownership funds. Amy Kapczynski examines how the courts have developed a new, anti-democratic First Amendment that protects corporate speech at the expense of regulation designed to protect public health and safety. And Robert Manduca explores the importance of public discussion about economics by revisiting Chester Bowles's remarkable book, Tomorrow Without Fear, which explained Keynesian ideas to the public after World War II.