Wednesday, January 4, 2012

The US worker is a beaten commodity

Click here to access article by Jim O’Reilly from his blog, Comments on Global Political Economy. 
Without concerted political pressure for radical change, the forces of unbridled capitalism, like a plague of locust, are poised to consume all in its path.  The worker has no institutional support, the Democrats being completely in hock with money, and unions having long ago sold their soul.  All forces within the logic of capitalism, from ever advancing productivity to massive foreign competition point to a horribly bleak future.
Under capitalism nearly everything is reduced to being a thing that is bought and sold in a market. Under globalization and the neo-liberal policies pursued by the Empire, American labor is now competing with workers for all over the world. This is hugely beneficial to global corporations and they are now sitting on mounds of cash because of this. But, where is the social justice in this development? Did not the workers through their mental and physical efforts build these corporations? Of course, but capitalism as a system was designed to serve a small group of people who laid claims of "ownership" of social enterprises, and claim the wealth created by working people. They merely rent workers. Hence, capitalism subverts any notions of social-economic justice.