An episode for an audience of one: DB. We give him a roadmap to Bonapartism, then discuss the coming recession, US train strike, strike wave in the UK, and the phenomenon of Quiet Quitting.
Show notes:
Productivity crashing https://www.reuters.com/markets/us/us-productivity-drops-second-quarter-annual-decline-largest-ever-2022-08-09/
Inventories skyrocketing
https://www.bloomberg.com/news/articles/2022-08-18/end-of-us-splurge-bedevils-retailers-left-with-bloated-inventory
Investment decline
https://www.bloomberg.com/news/articles/2022-09-02/amazon-closes-abandons-plans-for-dozens-of-us-warehouses
Rail strike coming: https://www.wsws.org/en/articles/2022/09/02/rail-s02.html
Starmer refuses to join pickets https://www.bloomberg.com/news/articles/2022-08-31/uk-train-workers-to-strike-again-next-month-as-dispute-drags-on
Quiet quitting: https://www.washingtonpost.com/business/2022/09/01/quiet-quitting-and-firing/
https://jacobin.com/2022/09/quiet-quitting-exploitation-work-bosses-austerity-falling-wages
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