Drop the Term “Austerity” – Its the Race to the Bottom

by Glen Ford, published on Black Agenda Report, September 26, 2019 In the corporate-organized Race to the Bottom, withdrawal of health care is a weapon to discipline workers and their families, as is the whole “austerity” regime. “Capital found a solution to falling profits with the promise of super-exploitation of labor in what used to be called the Third World.” Let’s[…]

Read more

GM Layoffs Could Cost 40,000 Jobs

Photo: GM’s Detroit-Hamtramck assembly plant is slated for closure. (Elaine Cromie / Detroit Free Press) by Jeff Mackler, published on Socialist Action, December 18, 2018 For public consumption only, General Motors’ billionaire executives flew on public airlines to Washington, D.C., in 2009, leaving their private jets behind. Bleeding $1 billion in monthly losses, and threatening bankruptcy, this corporation—once the world’s[…]

Read more

GM to close five plants in US and Canada, slash 14,700 jobs

Photo: Workers leaving the Detroit-Hamtramck plant before the elimination of the second shift in March 2017 by Jerry White, from the World Socialist Website, November 27, 2018 General Motors officials announced yesterday that the Detroit-based automaker will close five plants in the US and Canada in 2019 and another two, still unspecified, plants outside of North America. The elimination of[…]

Read more