[Marxism] The "outrageous" abrogation of contracts

Eli Stephens elishastephens at hotmail.com
Mon Mar 16 13:42:43 MDT 2009

With links and formatting: http://lefti.blogspot.com/2009/03/outrageous-abrogation-of-contracts.html

Treasury Secretary Lawrence Summers says that paying $165 million in
"bonuses" to AIG employees is "outrageous," but that there's not much
he can do, because:

"We're not a country where contracts
just get abrogated willy-nilly. And if we were to start doing that,
there would be potentially very, very destabilizing consequences."

how that objection to abrogating contracts and the "very, very
destabilizing consequences" doesn't come up when the contracts being
abrogated are those with GM and Ford workers, or San Francisco
Chronicle workers, or anyplace else where it's the workers who are
suffering. Au contraire, it's precisely those cases where members of Congress actively call for the abrogation of contracts.
like "freedom of speech" belongs to those who own the presses and the
airwaves, the "law" belongs to those who own the country. For the rest
of us, it's a thin layer of ice which can be shattered at any moment.

Eli Stephens
 Left I on the News

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