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Os Cangaceiros
3rd November 2011, 02:59
Forget China: the $10 trillion global black market is the world's fastest growing economy -- and its future.

http://www.foreignpolicy.com/articles/2011/10/28/black_market_global_economy?page=full

(I cited a statistic from this article in a recent post on this forum, in the "hipster left" thread. Thought people might be interested in reading the whole thing...the author does a lot of editorializing in the piece, but it has some interesting perspectives that are very relevant for our political project, particularly things like



The 20th-century norm -- the factory worker who nests at the same firm for his or her entire productive life -- has become an endangered species.



So what kind of jobs will predominate [in the new economy]? Part-time work, a variety of self-employment schemes, consulting, moonlighting, income patching.

tir1944
3rd November 2011, 03:02
Thing is,it's mostly developing or very poor countries that have a large "black or gray" sector.

Die Neue Zeit
3rd November 2011, 05:14
I think this shows exactly why the word "precariat" is misleading if referring to some new class and not to a new stratum crossing classes (http://www.revleft.com/vb/all-things-precariat-t148669/index.html?p=2004687).

This article should belong in the Economics forum, since there are so many ramifications posed by this article, against both finance capital and industrial capital, against productive labour and generally the wage labour system, etc.

Bronte
3rd November 2011, 05:32
If society can remove the Capitalists through upward mobility, a.k.a self-employment, it will indubitably be a better World in which to live.

Die Neue Zeit
3rd November 2011, 14:26
I don't think you know what you're talking about here. :confused: