World economic crisis, workers fight back


The recent reform to Germany’s state pension scheme is a swindle designed to force the elderly into poverty: here.

European Union finance ministers delayed a decision on disbursing an 8 billion euro loan needed to avert a default by Greece next month and rejected proposals by US Treasury Secretary Timothy Geithner to expand the EU’s bailout fund: here. And here.

Greek workers occupy Athens city hall

Greek workers have embarked on a series of occupations of state and municipal buildings as well as mass marches: here.

Thessaloniki: Debt-ridden Greek Sets Himself on Fire: here.

US District Court Judge Ronald Leighton ruled Longview, Washington Local 21 of the International Longshoremen and Warehouse Union (ILWU) in contempt of court for defying an order to cease blocking trains entering the port terminal: here.

Middle-Class Death Watch: As Poverty Spreads, 28 Percent of Americans Fall Out of Middle-Class. David DeGraw, Amped Status: “The promise of the American dream has given many hope that they themselves could one day rise up the economic ladder. But according to a study released those already in financially-stable circumstances should fear falling down a few rungs too. The study… found that nearly a third of Americans who were part of the middle-class as teenagers in the 1970s have fallen out of it as adults… its findings suggest the relative ease with which people in the U.S. can end up in low-income, low-opportunity lifestyles – even if they started out with a number of advantages”: here.

3 thoughts on “World economic crisis, workers fight back

  1. On “European finance ministers delay loan, press Greece for deeper cuts“

    The continuing barbarism inflicted boldly and without shame on the Greek people will produce one thing: Revolt! As much as the capitalist fears socialism, the capitalist will produce it. Between now and then is struggle.

    It is best said by the Tao Te Ching (trans: Merel):

    ———————————————————————————————

    75. Rebellion

    When rulers take grain so that they may feast,
    Their people become hungry;
    When rulers take action to serve their own interests,
    Their people become rebellious;
    When rulers take lives so that their own lives are maintained,
    Their people no longer fear death.

    When people act without regard for their own lives
    They overcome those who value only their own lives.

    ———————————————————————————————

    The Greek people, and all peoples meeting the oppression of financial terrorism, will overcome. The rulers feast, the people starve. In acts of self-interest, the people are abandoned. Facing death, the people no longer fear it. The rulers are overcome.

    The Greek people, and all peoples meeting the oppression of financial terrorism, will be victorious.

    Michael B
    Maine, USA
    17 September 2011

    Like

  2. Pingback: Workers on strike | Dear Kitty. Some blog

  3. Pingback: Berlin voters deal blow to Merkel government | Dear Kitty. Some blog

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