Tis Labor Day, dear readers. Twenty-four blessed hours to think about the nature of people and work. About human dignity. About exploitation. About the balance of economic and political power.
The value of working capital today trumps the value of human capital. It is more flexible, more scalable. It is why the distance between the top and the bottom of the wealth spectrum feels excessive. Obama's tax plan should help on this front. It's a good start.
But the fact is, working capital has more influence than working people, who are decidedly outgunned by business interests, especially here in North Carolina. Art Pope's right-wing think tanks, for example, spend upwards of $5 million each year to influence public opinion and policy makers. We have our work cut out.
Happy Labor Day.