Starbucks to Exploit Thousands of Refugees

The large coffee chain Starbucks has decided to cash in on the suffering of refugees. An announcement was made that the corporation will hire 2,500 refugees for their European stores by the year 2022. The company says it’s a part of a program to create jobs for refugees that was announced back in January. These…

Did Paul Krugman Admit Exploitation?

It’s wonderful to see a mainstream economics man like Paul Krugman come across a Marxist criticism by accident. I’m not surprised its Krugman who does it, he seems to be a hell of a lot more honest than just about anyone out there in the media. I found this statement in his book End This…

There is No Skilled Labour Shortage

One of the more (I find) annoying claims made by right wing thought is that we currently need foreign labour to fill our labour market because we do not have enough skilled labour. It is also claimed that we do not have enough general labour to fill our current demand for it. I’ve always been…

Foxconn & the Organic Composition of Capital

Originally From: http://economicsofimperialism.blogspot.ca/2011/08/foxconn-organic-composition-of-capital.html “Foxconn, the world’s largest contract electronics manufacturer by revenue, plans to increase the use of robots in its factories 100-fold to 1m within three years, according to Terry Gou, chairman and chief executive.” (Financial Times, 1 August 2011) Taiwanese company Foxconn has already made an appearance on this blog. Last time it…