Is this the End of Capitalism in Germany?
By, Uwe Paschen.
Could this be the beginning of the end for Capitalism?
On Saturday another demonstration took place with an estimated 100,000 Workers marching through Berlin in protest and anger.
Stating on their banners "Capitalism: its time is over.”
Germany is facing its worth crisis since WWII with 300,000 job loses already since the begging of the US collapse of the investment bank Lehman Brothers last September 2008.
Many factories have adopted short working weeks such as VW in order to avoid massive lay offs and in hope to rid out the crisis.
However, in spite of stimulus packages from all Western Governments that amount in the Billions and trillions of Dollars. This crisis seems to want to stay and may very well get worth with massive job losses in the month to come on top of the already lost jobs since September last and the short work weeks implemented by many factories. All does efforts and Stimulus's do not seem to be enough nor work.
The DGB (German Union Federation) Chairman Michael Sommer Said "Fight the crisis, put people first…”
The Chairman of the Social Democratic Party Franz Muentefering, wish is governing in coalition with the CDU (German Christian Union) took part in the demonstration in Berlin and said, "We are here to oppose international financial capitalism. We must do all we can at the moment to protect jobs…”
This protest is following massive protest organised across Germany since the May first Labour Day.
Some protester called for another twin economic stimulus packages worth over 150 Billion Dollar, however the Social Democrats dismiss this Idea as not realistic, saying that reforms are needed rather then another stimulus package.
Franz Muentefering said that there would not be any more stimulus packages. Further Muentefering said,
That reforms where needed most...
More and more annalist seem to agree that this crisis will get worth and that massive job loses will be seen well into 2010.
So far all demonstrations have been peaceful and civil, however this may very well change soon and Politicians need to understand that Social unrest is about to become a reality and that the people are no longer willing to tolerate this form of Global savage Capitalism.
Many in the former East and now in the west as well are increasingly inclined to support new Communist Ideas combined with Social Democracy and a reformed Social Capitalism.
Europe may very well lead the way to a new Socialism and reformed Capitalism, judging from the ever growing unrest and massive movements since May First, nothing in those massive dimensions has been seen since the late sixties in Germany and through out Europe.
It may be wise to listen to the people before they storm the parliament.
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