Word: alperovitz
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SOME OF THE snarpest prickles from the Cactus Leftists have come from the Exploratory Project on Economic Alternatives, a D.C.-based, foundation-sponsored research operation. EPEA is headed by Gar Alperovitz, a highly-respected leftist economist who was even mentioned for Jimmy Carter's Council of Economic Advisers. Alperovitz's response to the wishful-thinkers was, "Thanks but no thanks...
EPEA's latest project was a feasibility study on the re-opening, under community and worker control, of the shut-down Youngstown, Ohio, steel mill. Alperovitz's analysis of the much-ballyhoed "steel crisis" last year shows that corporate greed was the core of the problem, the catalyst for throwing Youngstown out of work. Youngstown Sheet and Tube, locally-owned and highly-profitable in the '60s, was 1969's Ripe Takeover of the Year. Lykes Steamship Company, based in New Orleans and one-seventh the size of Youngstown, borrowed the buy-out capital from Wall Street and elsewhere, using Youngstown...
...alleged "steel crisis," the Wall St. Journal noted this past July 15 that the industry was operating at full capacity. Alperovitz even predicts the steel equivalent of a "refinery shortage" in the '80s, in which an artificially reduced number of steel plants will make a killing. The Carter Administration is doing its best to bring this about: Attorney-General Griffin Bell approved Lykes' salvage plan of merging with LTV Corporation, despite the ruling by his own Antitrust Division that the merger was illegal because LTV operates Jones and Laughlin Steel...
...Alperovitz's scenario in the feasibility study removes corporate clutches altogether. With federal loan guarantees similar to New York City's and with several million dollars of federal seed money, the Youngstown workers and community could buy, re-open, and gradually modernize the plant. The government's other choice is to pay the estimated $75 million in unemployment and increased welfare benefits over the next three years in Youngstown alone. Alperovitz puts it this way: A corporation would never be satisfied with a 3 per cent return because it could make 8 or 10 per cent elsewhere. But owners from...
...ideology of intellectual, political, and business leaders. By 1898, a consensus view had emerged, to the effect "that the system of entrepreneurial capitalism could function successfully only if the marketplace constantly expanded." This conviction necessarily caused military and diplomatic involvements in defense of our overseas interests, although, as Gar Alperovitz has said, the ideological and economic threads have become too tangled now to argue a simple cause and effect sequence...