Capitalist Lifeboats Will Come “At Some Point…”

The IMF reports that Greek incomes have dropped by about 10 per cent since 2010, hours worked have dropped by 7 per cent, and unemployment (especially youth unemployment) is skyrocketing.

That isn’t good enough for Greece’s lenders, who are looking to the Greek government to engineer a further direct assault on the country’s minimum wage, labour standards, pensions and collective bargaining with the aim of imposing a substantial further drop in income. Continue reading

The Interests of Capital and Wage-Labour Are Diametrically Opposed: Wage Labour and Capital

by Karl Marx

We thus see that, even if we keep ourselves within the relation of capital and wage-labour, the interests of capitals and the interests of wage-labour are diametrically opposed to each other.

industrial lansdscape

A rapid growth of capital is synonymous with a rapid growth of profits. Profits can grow rapidly only when the price of labour – the relative wages – decrease just as rapidly. Relative wages may fall, although real wages rise simultaneously with nominal wages, with the money value of labour, provided only that the real wage does not rise in the same proportion as the profit. If, for instance, in good business years wages rise 5 per cent, while profits rise 30 per cent, the proportional, the relative wage has not increased, but decreased.

If, therefore, the income of the worker increased with the rapid growth of capital, there is at the same time a widening of the social chasm that divides the worker from the capitalist, and increase in the power of capital over labour, a greater dependence of labour upon capital. Continue reading

Ward Imbalance Underrepresents Less Affluent Residents in Hamilton

by John Neary

“While much of the commentary over Hamilton’s ward representation focuses on the urban/suburban split, the more glaring imbalance is in representation by income.”

Much of the recent commentary on the large differences in population between Hamilton wards – or, to put it differently, the large differences in voter representation – has once again focused on the “urban vs. suburban/rural” narrative.

This focus is a shame for several reasons, the first of which is that these divides aren’t as clear as we often think.

Is Ward 13 (Dundas) “suburban”? It’s called the “Valley Town”, not the “Valley Suburb”.

Is Ward 1 “urban” (Strathcona and Kirkendall) or suburban (West Hamilton to the Ancaster border)?

How about Ward 7, which stretches from the mountain brow all the way past Rymal Road?

More importantly, however, this narrative is unhelpful because it distracts from how the current ward system underrepresents our poorest and most vulnerable citizens. Continue reading

Communists Condemn Austerity Budget in Ontario

People’s Voice

The Communist Party of Canada (Ontario) has condemned the Ontario Budget, delivered March 27, as a massive attack on working people and the poor that will destroy tens of thousands of jobs, drive down wages, pensions, incomes and living standards. Combined with the austerity measures in the federal budget, it could push the province into another deep economic recession.

Communist Party of Canada (Ontario) leader Elizabeth Rowley

The Executive of the CPC (Ontario) also warned that the threat of legislated wage controls is a dangerous attack on free collective bargaining and on civil and democratic rights.

“There’s not much air between the Liberals and Tories when it comes to bashing workers and the poor, and restricting their rights. They both unerringly deliver the goods to Big Business, the banks and financial sector, and transnational corporations like Vale, US Steel, Caterpillar, Rio Tinto ‑ the source of the crisis in Ontario” said CPC (Ontario) leader Elizabeth Rowley. “Everything that falls in the way of bigger and bigger corporate profits is under acute attack.” Continue reading

Sample Resolutions from the XXI Congress of the Communist Party of India

Resolution on Agriculture and Farmers’ Plight  

The 21st Congress of the CPI expresses its anguish and deep concern over the anti-people measures pursued by the Government in the centre and the states as well across the country with regards to agriculture sector and farmers community.

While Indian agriculture scenario is becoming gloomy day by day and around 70% of the population engaged in this sector are facing severe economic crisis resulting in the incidents of suicides committed by more than 2.5 lakh farmers, the governments are mostly reluctant to address the genuine problem rather becoming rhetoric and mostly undertaking the measures which lead to more pauperization. Continue reading

Venezuela’s Recovery from Austerity: The Successful Outcomes of the Bolivarian Revolution

by Kurt B.

The war against global capitalism and American imperialism has been a long and bloody struggle for those feeling the oppression and exploitation in the developing world.  For those countries which share a close proximity to the United States, the creation or adoption of counter-ideologies has sometimes become the inevitable result of combating existing inequalities and injustices due to neo-colonialism.

Throughout the 20th century, many Central and South American nations have undertaken this course of action, including the Bolivarian Republic of Venezuela, which has embarked on the most revolutionary transition in the entire region in recent times.

The Bolivarian Revolution was instigated in 1997 by the Fifth Republic Movement; a left-wing political party led by Hugo Chavez (renamed the United Socialist Party of Venezuela in 2007).  After winning democratic elections in 1998 and being formally inaugurated as President of Venezuela, Chavez fully dedicated his incumbency to fighting poverty, illiteracy and the vast inequalities that engulfed his country.  He strived to achieve these goals by reforming every realm of societal existence and the policy-making process to ensure that any positive changes made would stay intact. Continue reading

Solidarity to the struggle of the Greek people! – Shame on the Government of Finland!

Yrjö Hakanen, Chairman of the CP of Finland – 18.02.2012

Greece is to be made into a precedent of how the bill of the financial crisis is to be paid by the working and poor people. At the same time the crisis is used to attack workers’ rights and democracy, to carry out privatization and to implement a huge income transfer in favour of big capital. The perpetrators are the same representatives of financial capital, of the European Union and of the governments, who are to blame for the crisis.

The Communist Party of Finland expresses its solidarity with the Greek workers and people, with the trade union movement and left-wing forces who struggle against the austerity policies pursued by the European Union, the International Monetary Fund and the plutocracy.

The CPF condemns the participation of the Government of Finland in such policies which crush the democratic rights of the Greek people, reduce the wages by half of the pre-crisis levels, operate drastic cuts in social security, privatize public services and generate growing unemployment and poverty. It is a shame that such policies are supported within the Finnish government by leaders of the Social Democratic Party, the Left Alliance and the Greens Party, too.

We Communists are on Saturday 18 February in Helsinki part and parcel of the demonstration of solidarity and support for the struggle of the Greek people: “We all are Greeks, the struggle is common. We have had enough of austerity and of the oligarchy!”

Solidarity to the Greek workers and people.

Solidarity to the Greek workers and people. / Arjo Suonperä