It’s exploitation that causes workers’ problems. On an ultra-simplistic level we could say that capitalism in the persona of capitalists uses capital (in its basic form, money) to make a profit. By utilising capital in the form of property, equipment, machinery, investment or speculation the capitalist needs to employ members of the working class in order to increase the original capital for the benefit of the capitalist. This can only be done if the workers agree knowingly or unknowingly to their own exploitation. Why exploitation? In the monetary world society we live in everyone has a need for money...
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Many are suffering the misery of unemployment while much useful, necessary work remains undone. One of the contradictions of capitalism. We want free time, to reduce the working day so that we can move beyond the tyranny of survival into free and creative mutual activity. Both employment and unemployment are capitalism preventing our human development in this direction. The problems of unemployment are huge – worldwide problems affecting millions in some countries and billions globally if we include the massive numbers of ‘informal’ workers, those recognised as outside of the system, many of them non-persons living on the very...
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The heroic and inspiring struggles of China’s working class will only lay the ground for new and improved exploitation methods – unless, that is, the struggle turns political – and socialist. “I do the same thing every day,” said one employee at the Foxconn factory in Shenzhen, China, where more than ten workers have committed suicide. “I have no future.” Many, perhaps most, workers will know exactly how he feels. But to the bourgeois mind, it’s all an impenetrable puzzle. There was something criminally stupid and sickeningly idiotic about the reaction to the suicides of Terry Gou, the billionaire...
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According to the International Trade Union Confederation, Bangladesh’s 3.5 million garment workers, most of them women, are the ‘world’s most poorly paid workers’. Many work 12 to 14 hour shifts, six days a week, often in hazardous conditions. The American Federation of Labor and Congress of Industrial Organisations stated ‘Bangladesh’s garment workers are among the hardest working women in the world, and the most exploited.’ Sheikh Hasina Wajed, Bangladesh’s prime minister, recently told the parliament: ‘It is not possible for the workers to live on the wages they get now.’ Compensation in the garment industry was ‘not only insufficient...
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The shoddy economy is leaving many workers feeling overworked, underpaid — and yet relieved to be employed at all. “Fewer workers are doing more and more,” said Brett Good, a district president with staffing firm Robert Half, which has surveyed workers on this topic. “You’ve got a lot of people that are working harder, making less money — and you’re getting to a point of frustration.” Employers have cut millions of jobs since the recession began in December 2007, driven by a drop in business and a desire to shore up costs and boost profits. Although the cost-cutting has...
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From MarketWatch.com Tiffany & Co says sales at its flagship New York store jumped 26% in the first quarter. International luxury goods giant Louis Vuitton Moet Hennessy whose brands range from Fendi to Givenchy to Moet & Chandon Champagne, plus, of course, Vuitton bags says U.S. sales boomed 20% in the first quarter, including a remarkable 58% boost for sales of jewelry and expensive watches like Tag Heuer. the Swiss watch federation says exports of luxury watches (those $2,000 “timepieces”) to the U.S. rose 12% in May and are now ahead 9% for the year. Super-luxury goods purveyor Richemont...
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Sweatshops are workplaces where the working conditions are extremely poor and health and safety laws are not enforced or are non-existent. News reports of fires which have killed dozens of people because fire doors were locked in sweatshop factories are not uncommon. Wages are very low, there may be bullying and intimidation, especially of anyone trying to improve conditions. Hours are long and the work itself may be very demanding and even dangerous. Sick workers cannot take time off and are penalised if they leave the factory. Sub-contractors for European, Japanese and American corporations refuse their staff breaks, monitoring...
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Unemployment – Is it really the problem? Is unemployment really the problem? Don’t get me wrong. I don’t want to play down the misery of the millions who have lost their jobs – or the millions more who are going to lose their jobs – as the world slides deeper into the next Great Depression. I know very well what losing your job so often means. Losing your home (well, you thought it was yours!). Losing medical coverage (if you had it). Even losing your family. But think. If not being employed was really the problem, wouldn’t you expect...
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Dirty gossip about the capitalist mode of production Guess who’s not getting that rose garden??? You would have to search long and hard to find someone who was better at sticking it to the working class than The Economist. It has perfected one of the most truly remarkable posturing acts in the annals of propaganda. When times are good, its contempt for working-class aspirations borders on the domineering, despite the fact that the working class not only runs capitalism from top to bottom but also compliantly does its bit to legitimate the system during elections. When times are bad,...
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Capitalism has a nasty habit of suddenly laying a ton of grief on unsuspecting members of the working class. A typical example is when the employees of Consumers Glass in Etobicoke, Ontario, were recently told the plant was going to be shut down just two weeks after they had negotiated a union contract. But the explosion at the Sunrise Propane yard in Toronto on August 10 takes some beating. This happened at 4 am in a heavily populated residential area. 12 000 people living in a 1.6 kilometre radius were evacuated, many clad only in night clothes. A 25-year...
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