The Mudcat Café TM
Thread #154844   Message #3636796
Posted By: Stu
26-Jun-14 - 09:45 AM
Thread Name: BS: The crisis of capitalism in the USA
Subject: RE: BS: The crisis of capitalism in the USA
Globalisation means we are faced with a sort of stateless uber-capitalism. Companies are now able to effectively ignore borders as they operate in an economic sphere that's almost separate from the countries it operates. By basing specific operations in certain locations they can avoid paying the taxes they owe, can exploit cheap labour markets that are largely unregulated. They have leverage in the government lobbies of the world that we as citizens can only dream of, and can act with impunity and ignoring any moral, social or ethical considerations.

Here in the UK this means we are now competing with far east labour markets; slowly but surely workers are drifting back into the sort of rights our ancestors suffered under in Victorian times. Zero hour contracts (essentially casual labour), wages that are so low they don't keep up with inflation thus condemning increasing numbers of working people to poverty. As for the workers in the far east, they're reduced to sewing labels into Primark clothes to send messages to the outside world.

This type of capitalism, unregulated and allowed to do what it wilts, means democracy is essentially dead. We can pay lip service via elections and the like, but we all know we're getting the same sort of person in whatever. No politician dares speak against these anti-nationals (as opposed to multi-nationals), they commit crimes and take our money and no-one gets prosecuted. They are unregulateable in terms of pricing etc, and are answerable to nobody.

What this actually means for the future I dread to think; basically we're powerless consumers herded like cattle to our eventual demise: and we pay for everything along the way.