The “free-market” means that a massive American corporation, propped up and majority owned by US taxpayers, can now do whatever the hell it wants.
Thousands of the 25,000 workers from Opel’s four factories are gathered in Ruesselsheim to protest at GM’s refusal to sell its European operations.
GM’s U-turn came just days before the agreed sale of a majority stake in Opel and Vauxhall to car parts maker Magna and Russian bank Sberbank.
Under that agreement, Opel workers were promised no factories would be closed.
Sure, this is “good news” for workers in the United Kingdom, just as workers in South Carolina had some pleasant news recently, when Boeing announced it would move a 787 production line to the non-union state. We’ll see how it works out in the long run.
What’s not good news is that nothing changed in terms of fixing the fundamentally unsound financial sector, because it’s still out there operating as if nothing had happened. Workers are being screwed! Wall Street approves! The mammoth banks are screwing consumers and creating “innovative” financial products! Yeah! This is the system that led us to the brink of worldwide financial calamity, and the very same people are back at it again, because they’re still in charge. The real power doesn’t lie in the White House anyhow, I think we all know that.
Decisions like the ones made by Boeing and GM are rational in terms of the zombie neo-liberal system, which rewards chasing the lowest common denominator, but in the process many regular people are stripped not only of autonomy, but in many cases the ability to earn a living. Not every western democracy has abandoned the basic rights of workers, either in law or culturally, and neither has every western democracy been subjected to the idiocy of Fox Noise and the associated conservative movement hate speech on a daily basis. It’s possible that one or more of these western countries may decide to fight back.
It will be interesting to see how German Chancellor Angela Merkel, who has been played for an asbolute fool, reacts as the days go by. Sure, there will be strikes and such, but the biggest threat to the zombie economic order might be the regular people who don’t believe in it that much any more.
There have already been spontaneous rumblings such as the “credit card revolt.” Why risk getting bashed and gassed when there’s YouTube? BTW, there’s a plan afoot that would care of the troublesome tubes under the guise of “copyright reform,” but I digress.
But what if they threw an economy and nobody bought stuff? Seems to me we’re already half way or more to that point, with consumers de-leveraging in a nearly unprecedented fashion.