Book notes: Labor in the age of finance, by Sanford M Jacoby
A fascinating book about the US labour movement’s efforts to use pension fund money to bolster its voice
Sanford M Jacoby, Labor in the age of finance: pensions, politics, and corporations from deindustrialization to Dodd-Frank, Princeton University Press, 2021, 368 pages
In a nutshell, Sanford Jacoby’s book documents the fascinating attempt of the US labour movement over the last 100 years to strengthen itself, and bargain and bend capital by using its pension fund clout while making alliances with “strange bedfellows” – other (capitalist) shareholders. Jacoby frames the narrative with legal and
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