Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21
Why Tether USDT, Stable Scam Coins Could COLLAPSE the Crypto Markets - Black Swan 2021 - 6th Jun 21
Stock Market: 4 Tips for Investing in Gold - 6th Jun 21
Apple (AAPL) Summer Correction Stock Trend Analysis - 5th Jun 21
Stock Market Sentiment Speaks: I 'Believe' We Rally Into A June Swoon - 5th Jun 21
Stock Market Russell 2000 After Reaching A Trend Channel High Flags Out - 5th Jun 21
Money Is Cheap, Own Gold - 5th Jun 21
Bitcoin and Ravencoin Cryptos CRASH Bear Market Buying Levels Price Targets - 4th Jun 21
Scan Computers - How to Test New Systems CPU, GPU and Hard Drive Stability With Free Software - 4th Jun 21
Hedge Funds Getting Bullish on Gold - 4th Jun 21
THERE ARE NO SOLUTIONS When the Media is the VIRUS - 4th Jun 21
Investors Who Blindly Trust the ‘Experts’ Will Get Left Behind - 4th Jun 21
US Stock Market Indexes Consolidate Into Flagging Pattern – Watch For Aggressive Trending Soon - 4th Jun 21
Microsoft (MSFT) Stock Trend Analysis - 3rd Jun 21
No More Market Bloodbath – Beyond Cryptos - 3rd Jun 21
Bank run, or run from the banks? - 3rd Jun 21
This Chart Shows When Gold Stocks Will Explode - 3rd Jun 21
The Meaning Behind Gold’s Triple Top - 2nd Jun 21
Stock Market Breakout Or Breakdown – What Does The Next Big Trend Look Like? - 2nd Jun 21
Biden’s Alternate Inflation Universe - 2nd Jun 21
What You Should Know Before Buying Car Insurance - 2nd Jun 21
Amazon (AMZN) Stock Summer Prime Day Discount Sale - 1st Jun 21
Gold Investor's Survival Guide - 1st Jun 21
Silver and Copper to Benefit from Global Electrification Push - 1st Jun 21
Will Gold Shine Under Bidenomics? - 1st Jun 21
Stock Market Buy the Dip, Again?! - 1st Jun 21
Stock Market Consolidation Ahead - 1st Jun 21
Stock Market Summer Correction Review, Crypto CRASH, Bitcoin Bear Market Initial Targets - 31st May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Economic Crisis and The Protest Movement: French Lessons for U.S. Workers

Politics / Social Issues Oct 26, 2010 - 09:01 AM GMT

By: Shamus_Cooke

Politics

Best Financial Markets Analysis ArticleThe world watches as France once again erupts in protests, demonstrations, and strikes. So much is at stake. If France's corporate-dominated government is able to increase the retirement age, other governments will be empowered to follow through with their plans to do the same. 


If labor, student, and community groups succeed in stopping the pension reform -- or toppling the government -- workers in other countries will likewise be inspired to fight back and organize in the French fashion. 

The worldwide recession has encouraged business-focused governments to pursue the kind of anti-worker policies they've been discussing for years. There is common agreement among these governments on a global scale as to the necessity for these polices. Working people disagree.  

There have already been massive demonstrations or general strikes in Greece, Ireland, Italy, Spain, Portugal and elsewhere. In the U.K., massive cuts to the public sector -- 500,000 job cuts -- have been announced that could cause a similar backlash.  

In the United States, President Obama has formed his Deficit Reduction Commission, which has in its sights Social Security and Medicare. The Los Angles Times reports:

"Social Security is one of several areas being eyed by the panel [deficit reduction commission] for changes...other commission targets include Medicare, defense spending and a range of tax policies..." (latimes.com/sns-us-deficit-commission,0,4509425.story September 29, 2010). 

Obama's commission will report its "findings" sometime after the November elections, possibly as early as December 1st. In this way, the public will have no immediate recourse to punish the House and Senate members involved in these closed-door sessions, which will open the door to massive spending cuts in social programs. 



This backroom, undemocratic scheming is happening all over Europe, with incredible implications: enormous changes are happening to nations with zero input from the population; no voting is taking place over these policies, they are simply being pushed through.

But France is changing everything. French workers stopped a conservative government in 1995 from implementing a similar reform -- they are confident that they can stop this one too. 

The French working class is busting a myth broadcasted from governments everywhere, that massive spending cuts are "necessary" and worse, "inevitable,” no matter how unpopular (undemocratic).  In France, 71 percent of the population supports the unions’ opposition to raising the retirement age.  And given that the inequalities in wealth have been growing for the past several decades throughout Europe and the U.S., an obvious alternative to lowering the budget deficit would be to tax the rich.

If the French workers can force "their" President and “their” Congress to back down, resign, or change nationalities, working people all over the world will be inspired to do likewise, even in the United States.  

The French government has not yet backed down as workers have shut down oil refineries, railways, and government services on a broad scale. High school and university students are shutting down their schools; massive demonstrations have been held as public support for the strikes remains high, as does hate for the government. 

Instead of defusing the movement, the French government's obstinacy has only radicalized it. Workers across France are calling for an indefinite general strike -- paralyzing the country -- until the government backs down, or crumbles. 

If this happens, the powerlessness that workers feel in the United States and England will melt away: seeing their potential power realized in another country inevitably inspires confidence. This is one reason why the U.S. mainstream media wants the French government to push through the unpopular measures. 

Labor unions in the United States need to educate their members and the community at large about the intentions of Obama's Deficit Reduction Commission as well as the Democrats in general. The same unions that are the backbone of the French movement are also very powerful in the United States: public sector workers, teachers, bus and truck drivers, dockworkers, railway workers, etc. 

A solution to the U.S. deficit problem also needs to be proposed by these unions, who, like those in France, must unite in coalitions to demand that taxes be raised on the wealthy and corporations, instead of cuts in social services, pensions, and education. 

After the elections, the Democrats are planning to bare their teeth; working people should be sharpening their claws in preparation.

Shamus Cooke is a social service worker, trade unionist, and writer for Workers Action (www.workerscompass.org).  He can be reached at shamuscook@yahoo.com

Shamus Cooke is a frequent contributor to Global Research.  Global Research Articles by Shamus Cooke

© Copyright Shamus Cooke , Global Research, 2010

Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Centre for Research on Globalization. The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible or liable for any inaccurate or incorrect statements contained in this article.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Rick
26 Oct 10, 19:02
Vive la France! Vive la RĂ©sistance!

The French labor unions along with the populace will have to stop at nothing in using whatever means at their disposal to shut down the entire country until oligarch Sarkozy cedes to labor's demands or resigns.

The work force in developed countries have for too long witnessed the spectacle of their good paying jobs being exported out to third world slave-ridden rat traps by exploitative multi-nationals under the auspices of their political whores. In this case, a nation's retirement system is under siege by a corporate-dominated government bent on

turning the labor movement on its heels.

Yes, the French labor unions will soon emerge victorious as oligarch Sarkozy and his corporate-dominated disciples will either bow to the will of the people or are driven out. Vive la France! Vive la RĂ©sistance!


Post Comment

Only logged in users are allowed to post comments. Register/ Log in