[Marxism] The withering economy

Ruthless Critic of All that Exists ok.president+marxml at gmail.com
Tue Jun 3 11:27:28 MDT 2008

On Tue, Jun 3, 2008 at 11:54 AM, Pance Stojkovski <pance at rogers.com> wrote:

> "General Motors said Tuesday it will halt production
> at its pickup truck plant in Oshawa, Ont., axing about
> 2,500 jobs in the process."
> http://www.cbc.ca/canada/story/2008/06/03/gm-cuts.html
> While this is news on the front page of the media
> today, where is the outrage of the workers. The CAW
> (autoworkers union) is planning a press conference
> later today. Is anybody planning a sit-in? That would
> be news to cheer for.

"The inflation hawks point out that consumers are, for the first time
in decades, telling pollsters that they expect a sharp rise in prices
over the next year. Fair enough.

"But where are the unions demanding 11-percent-a-year wage increases?
(Where are the unions, period?) Consumers are worried about inflation,
but you have to search far and wide to find workers demanding
compensation in the form of higher wages, let alone employers willing
to accept those demands. In fact, wage growth actually seems to be
slowing, thanks to the weakness of the job market."

Paul Krugman in the New York Times,

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