[Marxism] The dilemma of the mainstream
d.koechlin at wanadoo.fr
Wed Oct 17 17:19:26 MDT 2012
On a very general level, the continuation of Capital accumulation means
that more money will be taken out of the pockets of the working class :
1) they will work longer hours 2) their global share of the wealth
produced will fall 3) their jobs will become "casualized" 4) "austerity"
means there are drastic cuts in "social spending" (social security,
health, medecine, eduction, etc.) 5) increased VAT (an important source
of revenue for tax-raising averse govts.) means their purchasing power
will also fall.
Not one single Western government proposes to reverse any of these
trends. Quite simply because they are necessary in order for Capitalism
to survive. Which is the official aim of all Western governments : to
help employers employ employees.
Stimulus packages are only meant to enable the process to continue. The
money is channelled in such a way as to guarantee that financial
insitutions and equity firms get all the surplus value. The problem is
that those same players are choking on all the money each stimulus
Profitability is still too low, the standard of living of the working
class is still too high, investment still too costly, in a nutshell, the
extraction of surplus-value is still not enough for expanded accumulation.
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