The union leadership has called for the Ford workers to return to work as quickly as possible. The picket lines are down. It will take a little time for the skilled trades to get the line and machinery up and running again. But the union has called for a prompt return to work.
Changes in business investment have always been an indicator of future growth in output and employment – not vice versa, as Keynesians argue. And in Q3, business investment came to a standstill. In previous quarters it was investment in new structures (offices, manufacturing plants etc) that kept business investment contributing about 1% pt to quarterly growth. But in Q3 that has evaporated.
The massive destruction inflicted on Gaza is not limited to military considerations this time. It serves an additional goal, which is the displacement of the Strip’s population.
On October 17, the United Auto Workers’ strike passed its thirty-third day. There are three new points that should be focused on. They are the decision to strike Kentucky Truck, Bill Ford’s attempt to do an end-run around the union leadership, and the mounting repercussions of the strike.
In the party elections for the succession of Alexis Tsipras as party leader, Stefanos Kaselakis prevailed, winning 56 percent. He is a new “star” who hasn’t even been a party member and who neither has nor claims any connection to the organized political Left whatsoever, either with its history or with its prospects.
The Democrats campaigned against Trump’s cruelty and capitalized on outrage towards his racist policies to win elections in 2018 and 2020. But once in office, the Democrats deliver not the sharp break with these policies their supporters expect, but a “lesser evil” that shaves off the roughest edges, applies some liberal rhetoric, and ends up normalizing the policies it claimed to oppose.
While spiraling electricity prices proved the trigger for ongoing protests, the other key demand is to restore the subsidy on wheat prices. Erosion of the subsidy over time has resulted in the doubling of the price of bread since the COVID-19 pandemic.
Even though the strike is continuing, the union has already made significant progress at the bargaining table. Most importantly, on October 6, General Motors agreed that future production of batteries for electric vehicles would be done by UAW members.
Do the Palestinians have a right to resist the non-stop aggression to which they are subjected? Absolutely. There is no moral, political or military equivalence as far as the two sides are concerned. Israel is a nuclear state, armed to the teeth by the US. Its existence is not under threat. It’s the Palestinians, their lands, their lives, that are.
The mood of the strikers continues to be high. Chanting is frequent. There is constant honking by passing trucks and cars. The picket lines are well organized with captains, food and water tents, and all the other necessary supplies. Members of other unions are greeted warmly. Strikers are well briefed on the major objectives of the union at the bargaining table. The union’s escalating Stand UP strike strategy seems to be popular.
McCallum’s book well illustrates how the pandemic revealed what Gramsci called capitalism’s “morbid symptoms” (a phrase McCallum borrows). But Essential is equally a cautionary tale about how capitalists can shift the cost of their crises onto workers if workers aren’t strong enough to resist.
