The long-term aim of these policies is to eliminate the welfare state, reestablishing the competitiveness of the older capitalist powers by slashing workers’ living standards to the level of their impoverished counterparts in emerging economies like India and China. That the living standards of the world’s people are to be equalized downward, rather than upward, is an indictment of the capitalist system.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Thursday, July 22, 2010
From stimulus to austerity: An international class-war policy
from World Socialist Web Site. The editorial lifts the veil on the "austerity" strategies of the Western capitalist classes to reveal its class war on working people. It also slams organized labor for playing along with this strategy.