Chris Hedges: Karl Marx Was Right - Chris Hedges - Truthdig

[Mark Kohut]

Today's 'worker' news and yes this is THAT Julian Bond....

Julian Bond ‏@JulianBond6  18s18 seconds ago

Pink Slips at Disney. But First, Training Foreign Replacements.
http://mobile.nytimes.com/2015/06/04/us/last-task-after-layoff-at-disney-train-foreign-replacements.html?emc=edit_th_20150604&nl=todaysheadlines&nlid=16139164&_r=0&referrer=
…

On Thu, Jun 4, 2015 at 5:54 AM, Jerome Park <jeromepark3141 at gmail.com> wrote:
> The on-shored jobs from the so-called manufacturing renaissance in America
> is something to keep an eye on. How many of these jobs that left America to
> find cheap workers and avoid  regulations on the environment, taxes, utility
> costs...are now returning to automated factories? And China too is building
> huge automated plants. The glut of commodities, mostly from production and
> productivity gains made during the boom continues unabated, even in oil, as
> America drives down costs with new and improved technologies that bring up
> WTI at $30, now looks like a reverse of the so-called super cycle, a BRIC
> driven cycle that lasted a not so super 10 years. The reverse cycle may be
> truly super and may last decades, driving wages down and forcing workers to
> work forever. The politicians pander. Germany tick down the retiree for a
> bit, Greece will have to raise its, but in the end, a so-called early
> retirement will become a thing of the past. Where will the pensions find
> safe yield? They won't, as interest rates will not respond to QE or any
> other central bank maneuver to inflate late capital. Financial repression
> does help the poor, the indebted, and it obviously helps those who have
> inflated assets, stocks, but it squeezes the worker in a vice. China is the
> key right now. How the US and China work together is the key. And China
> wants to lifts its poor, still 90% of the people, and that means the
> developed worker will have to work more for less. It's that simple. Then
> there is India....
>
> Certainly good news for the poor, especially in countries like Brasil, where
> the workers party has been in power for 12 years and, despite the headlines
> and protests by the new "middle class", have the support of the poor, who
> now vote.
>
> Not good news for the developed worker, who will bleed on the edge of a
> brave new world.
>
> On Wed, Jun 3, 2015 at 6:41 AM, Mark Kohut <mark.kohut at gmail.com> wrote:
>>
>> Yeah, we Old World Privileged have to export commas and other
>> entertainment while real workers have to be replaced
>> by 'coolies'. (Just read about how global deflation has been
>> exacerbated because of a non-stop glut of cheaply-made
>> Chinese goods.)
>>
>> This too is in Against the Day.
>>
>> What a world, what a world.
>>
>> On Wed, Jun 3, 2015 at 5:55 AM, Jerome Park <jeromepark3141 at gmail.com>
>> wrote:
>> > Loved The Wire. Hope you all have been checking in on The Roosevelts on
>> > your
>> > public television station.
>> >
>> > The Big Force that most Marxist diagnosticians are ignoring is China.
>> > The
>> > elephant in the room is China. The Capitalists know it. It's not the
>> > BRICs,
>> > though these so-called emerging economies are a big enough force, but
>> > It's
>> > China & Capital that are deflating the global economy and driving labor
>> > into
>> > slavery. There is no solution in the short term and in the long run we
>> > are
>> > all dead. And I'm an optimist. This is about as good as it gets fro
>> > workers
>> > in our lifetimes folks. Get used to it.
>> >
>> >>
>> >>
>> >>
>> >
>
>
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