fix articles 100109, autoworkers Los Angeles Indymedia : tag : autoworkers

autoworkers

Wage Slavery in the American Auto Industry: Obama’s Shame (tags)

The American auto industry is back in business in a big way. The carmakers are making enormous profits, direct from the blood, sweat and tears of autoworkers.

Making Sense of a U.S. Owned General Motors (tags)

Now that the United States owns General Motors, many are asking, “What’s in it for taxpayers?” This is an extremely good question, considering that taxpayers may spend up to $100 billion [!] towards a company that’s currently worth around $450 million. (Wall Street Journal, 6/02/09) This large discrepancy in numbers means, obviously, that taxpayers could lose tremendous amounts of “investment” money if Obama’s “profit first” plan is put into effect. What is this plan? Strip the company to a fraction of its former self, using far fewer workers and making far less money in the hopes that GM will then out-compete the foreign competition on the world market.

The End of Retirement? (tags)

Unless things change fast, human history will show that the phenomenon of “retirement” was limited to one generation. After World War II, when European and Japanese economies stood in tatters, American capitalism could fulfill “the American dream,” since there was little foreign competition to speak of. For the first time ever, workers were promised that — after working thirty or so years — they would be able to securely retire. That was largely the case…for one generation.

GM, The NY Times, & Marxism 101 (tags)

As Socialists, we are consistently asked to present our ideas in a clearer, easier to understand manner. To achieve this goal, I’ll enlist the help of former Governor of Massachusetts and candidate for the Republican Presidential nomination, Mitt Romney, who appeared in the New York Times Op-Ed section on Nov. 19th. Romney’s piece, entitled “Let Detroit Go Broke,” laid bare the intent behind the angry rhetoric used by politicians against the proposed bailout for the “Big Three” automakers. Whereas the giant Wall Street banks received over 1 trillion dollars — so far— without barely having to ask, an industry that actually produces something has to beg for a handout. Why the difference?

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