NP Rank:
The coming (and inevitable ) FDR era workers strikes and protests
The U.S. , according to Cooke, will reduce its debt by "slashing domestic consumption and increasing exports.".
This will amount to nothing less, he warns, than the drastic decrease in the standard of living through the slashing of wages and entitlement programs. This will sink to the bottom until the US corporate sector is able to export as per the Obama G-20 plan and ideation.
Workers must understand that the current effects of the Great Recession are to become the new rules of the “reformed” U.S. economy. The living standards of the past are to stay in the past. Before, U.S.workers took out enormous amounts of debt to maintain their standard of living, since wages and benefits were steadily shrinking. The hope was that the economy would improve, and better times would return. The reality is far different.The U.S. economy is losing its place of total dominance in world affairs. And instead of the U.S.government reacting to this by adding social programs, they are taking them away. Government money will continue to bail out banks when needed while funding trillion-dollar wars.
Once the reality of the above situation can no longer be denied, and U.S. workers recognize these policies as a corporate and government attack on their collective standard of living, they can begin to act. Workers without unions will fight to organize them. Those organized workers will push their unions to fight back by building united coalitions -- representing the majority of working people -- to organize massive demonstrations, protests, and strikes to demand a recovery plan to benefit the working-class and unemployed. The conditions that led to the large U.S. workers' struggles of the 1930s and 40s are reappearing, and workers will act accordingly.



Most RecentMost Recommended Comments (2)
at 12:47 on October 15th, 2009
The US, according to Cooke, will reduce its debt by "slashing domestic consumption and increasing exports."
Slashing domestic consumption does not need a hand from government. Unemployment, stagnant wages, loss of wealth through real estate valuation declines and losses to pension and retirement accounts are doing the job. Exporting our way out isn't an option this time around. Unlike the Great Depression, the US is the largest importer in the world. We were the largest exporter back in the 30's. Even if we could increase exports: to whom, and at what price?
That's not to say that worker and unemployed masses won't at some point take to the streets demanding action. More government stimulus is needed. I don't care what the Austrian/Chicago "school" thinks.
at 14:59 on October 15th, 2009
If the G20 policies are not "pro corporate", what are these policies exactly? A leftist takeover of the economy with the help of the corporate masters? That must be it.