For the past three decades, the US and Great Britain have led the global drive to undermine labor’s advances. First, the economic structure sustaining labor organizations were dismantled and fragmented. Then organized labor was decimated, co-opted and corporatized.
What does it mean when Anglo-American economic officials devote decades to raising the age of retirement, reducing working and middle class household income, cutting workers compensation, expanding part-time work, setting the stage for mass layoffs slashing unemployment and health benefits and reducing social spending by the hundreds of billions of dollars and then turn around and investigate and threaten rival countries, like China and Argentina with loss of markets, investment and employment for not doing the same thing ?
The meaning of Anglo-America’s long-term, large-scale structural regression is clearly evident across the world. From Europe to Latin America and from Asia to Africa, socio-economic and politico-military agendas have been reversed.
Since the end of the Second World War there had been incremental gains in labor rights, stable employment, poverty reduction and working conditions.
Recently, these have all been reversed: Longer working days and weeks with reduced salaries and benefits; unstable temporary work replaces stable employment; employer-funded pensions are eliminated and replaced by multi-billion dollar corporate tax cuts and off-shore tax evasion.
Systematic structural swindles by the leading financial institutions have forced employees to delay retirement for years in order to ‘self-finance’ their own meagre ‘pensions’, some expecting to ‘die at the job’.
Capitalist regression has been implemented by arbitrary state dictates and authoritarian decrees, erasing any pretense of democratic procedures and constitutional laws.
The mass media re-packaged the regression cycle as ‘economic reform’, a euphemism, which disguised the re-concentration of power, wealth and income over the last three decades.
The growth of inequality and the concentration of wealth and assets to the 1% became ‘the standard’ for the Anglo-American era. However, class organization and the vicissitudes of class struggles continued to constrain efforts to impose unchallenged Anglo-American capitalist rulership throughout the world.
The first country to fall victim to capital’s attack was Mexico with the implementation of NAFTA. By the early 1990’s NAFTA had demolished the independent Mexican trade unions, crippled social legislation, eliminated subsidies to small corn farmers, forced peasants into debt, reduced minimum wage, doubled poverty levels and turned the majority of the labor force into landless, indebted, casual workers. On the other hand, NAFTA has been a bottomless source of wealth as capitalists accumulate double and triple digit profits and absolute power to hire and fire employees. Mexico’s government, under Anglo-American capital, has allowed the illicit transfer of hundreds of billions of dollars of Mexican assets to US, English and other overseas banks, which have become immense money-laundering operations. The proximity of Mexican drug cartels to the US banks has facilitated the extension of their networks into the US market. The horrific expansion of drug cartel death squads, linked to Mexico’s political leaders, dates from the 1990’s and the signing of NAFTA. This bloody nexus has consolidated neoliberal political power in Mexico and weakened the possibility of a viable mass electoral alternative.
more
https://canadiandimension.com/artic...-regression-and-reversion-in-the-modern-world
What does it mean when Anglo-American economic officials devote decades to raising the age of retirement, reducing working and middle class household income, cutting workers compensation, expanding part-time work, setting the stage for mass layoffs slashing unemployment and health benefits and reducing social spending by the hundreds of billions of dollars and then turn around and investigate and threaten rival countries, like China and Argentina with loss of markets, investment and employment for not doing the same thing ?
The meaning of Anglo-America’s long-term, large-scale structural regression is clearly evident across the world. From Europe to Latin America and from Asia to Africa, socio-economic and politico-military agendas have been reversed.
Since the end of the Second World War there had been incremental gains in labor rights, stable employment, poverty reduction and working conditions.
Recently, these have all been reversed: Longer working days and weeks with reduced salaries and benefits; unstable temporary work replaces stable employment; employer-funded pensions are eliminated and replaced by multi-billion dollar corporate tax cuts and off-shore tax evasion.
Systematic structural swindles by the leading financial institutions have forced employees to delay retirement for years in order to ‘self-finance’ their own meagre ‘pensions’, some expecting to ‘die at the job’.
Capitalist regression has been implemented by arbitrary state dictates and authoritarian decrees, erasing any pretense of democratic procedures and constitutional laws.
The mass media re-packaged the regression cycle as ‘economic reform’, a euphemism, which disguised the re-concentration of power, wealth and income over the last three decades.
The growth of inequality and the concentration of wealth and assets to the 1% became ‘the standard’ for the Anglo-American era. However, class organization and the vicissitudes of class struggles continued to constrain efforts to impose unchallenged Anglo-American capitalist rulership throughout the world.
The first country to fall victim to capital’s attack was Mexico with the implementation of NAFTA. By the early 1990’s NAFTA had demolished the independent Mexican trade unions, crippled social legislation, eliminated subsidies to small corn farmers, forced peasants into debt, reduced minimum wage, doubled poverty levels and turned the majority of the labor force into landless, indebted, casual workers. On the other hand, NAFTA has been a bottomless source of wealth as capitalists accumulate double and triple digit profits and absolute power to hire and fire employees. Mexico’s government, under Anglo-American capital, has allowed the illicit transfer of hundreds of billions of dollars of Mexican assets to US, English and other overseas banks, which have become immense money-laundering operations. The proximity of Mexican drug cartels to the US banks has facilitated the extension of their networks into the US market. The horrific expansion of drug cartel death squads, linked to Mexico’s political leaders, dates from the 1990’s and the signing of NAFTA. This bloody nexus has consolidated neoliberal political power in Mexico and weakened the possibility of a viable mass electoral alternative.
more
https://canadiandimension.com/artic...-regression-and-reversion-in-the-modern-world
