[Marxism] THE NEW INTERNATIONAL FINANCIAL ARCHITECTURE: WHY THE NEW BUILDING?

["Carlos A. Rivera" <cerejota@xxxxxxxxxxxxx>]

Very interesting take on the part of S.G.

THE NEW INTERNATIONAL FINANCIAL ARCHITECTURE: WHY THE NEW BUILDING?
by Susanne Soederberg

"I am including only a snippet of Soederberg's lengthy paper on this as a
teaser, with a link. I hope those who are interested in this will read the
whole thing. Anyone seriously interested in class struggle needs to read it.
Because Seoderberg, like a few others, describes a system in which the
financial pole of capital now runs things. This has huge implications for
worker organizing, for example, when the worker is no longer faced with a
productive capitalist who must protect his profit and his investments by
guaranteeing productivity, even when it means bargaining with angry workers.
The new boss is a hedge fund, a highly diversified portfolio that reads the
hot-money numbers of the whole portfolio, and when one eneterprise falls
behind in its speculative value, it is simply liquidated. In many respects,
everything we ever knew about organizing the old union way is being
rendered, with a few exceptions, obsolete. This means workers need a new
form of organization, directly political, to fight back with. For the life
of me, the only thing I can think of is a party. -SG"

http://stangoff.com/index.php?p=72


sks


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