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

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By What Is the Price of a Commodity Determined?: Wage Labour and Capital

by Karl Marx

By the competition between buyers and sellers, by the relation of the demand to the supply, of the call to the offer. The competition by which the price of a commodity is determined is threefold.

The same commodity is offered for sale by various sellers. Whoever sells commodities of the same quality most cheaply, is sure to drive the other sellers from the field and to secure the greatest market for himself. The sellers therefore fight among themselves for the sales, for the market. Each one of them wishes to sell, and to sell as much as possible, and if possible to sell alone, to the exclusion of all other sellers. Each one sells cheaper than the other. Thus there takes place a competition among the sellers which forces down the price of the commodities offered by them.

But there is also a competition among the buyers; this upon its side causes the price of the proffered commodities to rise. Continue reading