- js reader version
- view hidden posts
- tags and related articles
by Angela Klein
Monday, Jun. 01, 2009 at 11:14 AM
The real state of German public finance is kept secret from the public although the public should pay the bill. Union leaders parrot the fairy-tale of the evil bankers who alone caused the whole debacle. Automakers produce for the storage yard
BAILOUT JOBS, NOT BANKS!
By Angela Klein
[This article published in: SoZ-Sozialistische Zeitung, May 2009 is translated from the German on the World Wide Web, ]
Unlike Paris and Rome, the demonstrations against the crisis (on March 28) pushed against the will of union leaders in an alliance extending from the German Left party (Die Linke) to several groups of the interventionist left. The alliance from November 1, 2003 was continued, this time with a very reduced presence of the movement of the unemployed.
A deep division weakens the unions. This division is a great obstacle for common resistance to shifting burdens to the population. However many unionists will no longer resign to the inactivity and unimaginativeness of union leaders. Fire is brought to the status quo.
The SPD canvasses unions again to stop its erosion. The unions, above all IG Metal, adjust. There is no reason to stylize Steinbruck as the rescuer of the nation. He and his team with Jorg Asmussen at the top are politically responsible for the debacle. In large part, they brought the laws deregulating the financial markets through the Bundestag that the banks dictated to them. Now the thiefs appear as rescuers in distress – to steal from us a second time, even more thoroughly.
They act like overbearing, high-handed princes. The real state of German public finance is kept secret from the public although the public should pay the bill. We will probably first learn how high the bill will be after the Bundestag election (in the fall of 2009). Hartz V is already in the drawer. The German finance minister’s announcement of a “debt-brake” can only mean the social budgets will take the rap.
Union leaders parrot the fairy-tale of the evil bankers who alone caused the whole debacle. They emphasize Steinbruck should close the fiscal gaps so the economy will go upwards again.
For a long time, the economy has been going backwards. “Greed” is simply an overproduction of credits, not a personality flaw of individual managers. The bankers are not acting any differently than the automakers. The automakers produce for the storage yard and try to force down the surpluses in a supersaturated auto market through rebate battles. This was also true in other branches. Bankers are only concerned that a demand be created – on credit. The heavy debts of private households were intentional and even necessary to keep the production going. If the over-indebtedness had not occurred, there would have been no upswing in 2003.
The bailout concepts do not tackle the causes of the crisis. They only pursue the goal of re-starting the credit-carousel through a gigantic over-indebtedness of the state budget – and thus stimulate the next over-production until the next crash. This cannot be cushioned with bailout- and economic programs.
The industrial unions and many works councils particularly in the automobile industry are playing along. A terminally ill horse is pumped up with drugs so it can keep running a little longer. They seek close alliances with employers and wrack their brains how their firm will survive the merciless race over who will be left at the end – at the expense of the employees who are driven in a ruinous competition over wage restraint and miserable working conditions. They should not be congratulated. The environment loses. The climate goals of the G20 only seem to be lip service. People in the countries of the South lose. The IMF governed their economies to reduce our surplus production and support the export orientation of the German economy.
THIS WAY ONLY LEADS TO DEEPER CRISIS
On May 16, 2009, the European day of action supported by the European union alliance and carried ou9t in Berlin, Prague and Madrid, this will be made very clear with posters, leaflets and speakers. To find a halfway positive way out of the crisis, it is very important to find a majority in the unions for a battle strategy against the crisis that turns to an ecological, social and solidarity economy. As a motto for a long-term action perspective, the alliance supporting the March 28 demonstrations emphasized a slogan from the demonstrations on Wall Street: “Bailout jobs, not banks!”
The struggle around jobs is now the center of attention: Unlimited extension of short-term worker money, not extension of ALG1! Extension of ALG1 means resignation.
The time needed to introduce the transition to industry production on a non-fossil energy basis can be bridged. Credit policy must concentrate on this transition, not on fraud bonuses!
Pressure is necessary for a public debate about this. The present leadership collapses since nothing new occurs to them. The participation and involvement of employees and citizens is vital.
“The Quiet Coup” by Simon Johnson:
“Capitalism Hits the Fan” by Richard Wolff:
“From Bubbles to Living Economies” by Jakob von Uexkull
“Disarm the Markets!” by Attac Austria
Report this post as:
Change Links September 2018 posted
More Scandals Rock Southern California Nuke Plant San Onofre
Site Outage Friday
Change Links August 2018
Setback for Developer of SC Farm Land
More problems at Shutdown San Onofre Nuke
Change Links 2018 July posted
More Pix: "Families Belong Together," Pasadena
"Families Belong Together" March, Pasadena
Short Report on the Families Belong Together Protest in Los Angeles
Summer 2018 National Immigrant Solidarity Network News Alert!
Watch the Debate: Excluded Candidates for Governor of California
Change Links June 2018 posted
The Montrose Peace Vigil at 12 Years
Unity Archive Project
Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi
CA Senate Bill 1303 would require an independent coroner rather than being part of police
Three years after OC snitch scandal, no charges filed against sheriffs deputies
California police agencies violate Brown Act (open meetings)
Insane Company Wants To Send Nuke Plant Waste To New Mexico
Change Links May 2018
Worker-Owned Car Wash on Vermont Closed
GUIDE TO REBEL CITY LOS ANGELES AVAILABLE
lausd whistle blower
Help KCET and UCLA identify 60s-70s Chicano images
UCLA Luskin: Casting Youth Justice in a Different Light
Change Links April 2018
More Local News...
Addendum: Benjamin Tucker American Mutualist: Tucker Did Not Advocate Voting in Businesses
OUR HOUSE Grief Support Center Celebrates 25 Years with the House of Hope Gala
Against the Rent Madness and For a Nonprofit Orientation!
Cybermonde, cyberguerre, cyberespace, cyberterrorisme
Paraphysique de psychosomatique
Chuck Grassley: Women Abusing, Animal Murdering, Illegal War Supporting Criminal
Finance Capitalism and the Digital Economy
Muselières syndicales, muselières patronales
Jeff Bezos, Amazon, The Washington Post, Whole Foods, Etc
Why Choose Nut Milk Over Cows' Milk
Antrhopocène, le grand effondrement
The Dictatorship of Corporations
18 Lethal Consequences Of Hunting
Paraphysique de l'outplacement déontologue
Shopping du bashing
After Lehman Brothers, Experts Say Global Financial Crisis Can Happen Again
“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen
Probabilités de fin d'humanité
Florida Area of Migrant Farmworkers Denied Right to Construct Health Clinic near NaplesCIW
Steer clear of work morality!
The Shortwave Report 09/07/18 Listen Globally!
August 2018 Honduras Coup update
Brett Kavanaugh Filled The 5th Circuit With Execution Judges
Augusta Georgia Woman Gets 5 Year Prison Sentence for Writing About Russians Crime Acts
Paraphysique de contextualité
Crisis Regulation in Global Capitalism
Ex-voto de réification
More Breaking News...