10/14/2005

Daily Kos: The goal IS to reduce the standard of living

Stupid Bush elite!!! Who will pay for your products if the workers starve ? -- law

[A b-man speaking on the WaPo" "was quite open that what the "economy" ..need[s] now is a working class with a reduced standard of living that will compete with third world labor. "


The goal IS to reduce the standard of living
by Pellice
Thu Oct 13, 2005 at 05:25:06 AM CDT

The Washington Post ran a very revealing online chat yesterday with one of their business columnists, Steven Pearlstine. He was quite open that what the "economy" [business leaders, I guess] needed now is a working class with a reduced standard of living that will compete with third world labor.

He was using the Delphi, and the automotive industries' debacles, as his example. The answer to all the problems is to knock back the workers' wages below "middle class" standards, and reduce their benefits, particularly health care.

To all comers who brought up the facts that Delphi managers had deliberately underfunded pensions, had stolen funds from the company, had managed it poorly, and, finally, had awarded themselves bonuses even as they demanded that workers take wage cuts, Pearstine responded: But that doesn't matter. The basic truth is that the workers, all workers, must work for less pay so that their companies will still be competitive with overseas labor. (About the bonuses, all he could bring himself to say was that it was bad PR).

He said (I'm paraphrasing here) that citizens who don't complete college or earn a trade skill must not expect to live a middle class life, and that the middle class itself will shrink further, but not disappear.

Several responders raised the question of the US's lack of national health insurance and the handicap it imposes on the economy, to which he responded by simply saying the US wasn't ready to accept that.

To me this chat was a rather open statement that the business class expects the US to reorganize itself as an oligarchy with a more classic "proletariat" than has existed previously. I'm not sure how they expect consumers to keep propping up the business economy in this scenario - that wasn't addressed...

If the era of middle class workers is to be ended, then it gives us a chance as well. We can demand a more European style (actually, global, not just European) health care and pension system, and we can make the case that this kind of capitalism does not work for all Americans.

This, to me, is class war. I do think this kind of capitalism is finished.

Daily Kos: The goal IS to reduce the standard of living

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home