The Insider’s Economic Dictionary: L Is for Land
Sunday, January 19, 2014 11:50
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By Michael Hudson
Labor capitalism: A term popularized by Margaret Thatcher to describe an economy in which workers became shareholders but not managers. Labor’s role is that of the exploited party, not the beneficiary. “Labor” is to “labor capitalism” as “lamb” is to “lamb-chop.”
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Source: http://www.truthdig.com/report/item/the_insiders_economic_dictionary_l_is_for_land_20140119/
