Covid led to �brutal crackdown� on garment workers' rights, says report

[Hypatia_Alexandria]

Next time anyone considers buying a nice cheap garment made somewhere else...



https://www.theguardian.com/global-d...ts-says-report

[mikewhitney]

This article has pointed out several important things...

I've been trying to warn people that the economic shutdown would cause more problems than the coronavirus could ever do. It is an economic reality that companies will avoid unions where possible and that poorer people suffer more than the rich in economic downturns. We also see that freedom of speech is not being tolerated by governments, news media, and tech companies. Lots of evil is being done in this claim of protecting us from coronavirus.

[Leonhard]

Capitalism.

[mikewhitney]

Capitalism.

There is probably some truth there. Having the world economy shutdown like this is going to result in billionaires getting lots of great deals in purchasing land and corporations. It is a shame how many countries have chosen this cure to coronavirus.

[Starlight]

Capitalism.

Indeed, every 4-7 years or so capitalist economies seem to have a market collapse of some kind.

Not all are as bad as the Great Depression of course. But it seems like they've been getting worse recently. Unsurprising, given how enthusiastically the right-wingers, in pursuit of their worship of the free market, have been peeling away over the last several decades all the regulations that were sensibly put in place after the Great Depression to try to prevent a re-occurrence of it.

Recessions and depressions seem to be a fundamental feature of capitalism and the free market. Unfortunately the disciples of capitalism don't seem to understand the human cost those have on people and families who lose their jobs and investments.

In other fields, scientists and engineers understand the problems that feedback loops can cause, and know there have to be mechanisms in place in any functional system to prevent self-reinforcing loops from spiraling out of control. Somehow the apostles of capitalism seem to have missed that memo. Instead they seem to think the public is supposed to cheer during cycles of self-reinforcement in prices ("bubbles") as our/their wealth goes artificially up, and put up with cycles of negative-self-reinforcement where crashes and depressions make people lose their livelihoods and spin the economy into a death spiral. Amusingly/sadly in the depths of each plunge free market zealots suddenly seem to temporarily realize this, and support government intervention to rescue capitalism from its own inherent failings, only to promptly forget the lesson they just learned within a year when the next bubble starts up.

[Hypatia_Alexandria]

This article has pointed out several important things...

I've been trying to warn people that the economic shutdown would cause more problems than the coronavirus could ever do. It is an economic reality that companies will avoid unions where possible and that poorer people suffer more than the rich in economic downturns. We also see that freedom of speech is not being tolerated by governments, news media, and tech companies. Lots of evil is being done in this claim of protecting us from coronavirus.

Did you actually read the article? It was not about economic downturns and covid-19. It addressed job losses among some of the poorest paid workers who have dared to attempt to unionise.

[mikewhitney]

Did you actually read the article? It was not about economic downturns and covid-19. It addressed job losses among some of the poorest paid workers who have dared to attempt to unionise.

I was remarking on the part you quoted
Did you not read what I posted?

[mikewhitney]

Indeed, every 4-7 years or so capitalist economies seem to have a market collapse of some kind.

Not all are as bad as the Great Depression of course. But it seems like they've been getting worse recently. Unsurprising, given how enthusiastically the right-wingers, in pursuit of their worship of the free market, have been peeling away over the last several decades all the regulations that were sensibly put in place after the Great Depression to try to prevent a re-occurrence of it.

Recessions and depressions seem to be a fundamental feature of capitalism and the free market. Unfortunately the disciples of capitalism don't seem to understand the human cost those have on people and families who lose their jobs and investments.

In other fields, scientists and engineers understand the problems that feedback loops can cause, and know there have to be mechanisms in place in any functional system to prevent self-reinforcing loops from spiraling out of control. Somehow the apostles of capitalism seem to have missed that memo. Instead they seem to think the public is supposed to cheer during cycles of self-reinforcement in prices ("bubbles") as our/their wealth goes artificially up, and put up with cycles of negative-self-reinforcement where crashes and depressions make people lose their livelihoods and spin the economy into a death spiral. Amusingly/sadly in the depths of each plunge free market zealots suddenly seem to temporarily realize this, and support government intervention to rescue capitalism from its own inherent failings, only to promptly forget the lesson they just learned within a year when the next bubble starts up.

I have not really explored this area. It seems most of the cycles are not the result of businesses operating. Instead the cycles are caused by the Federal Reserve and international bankers who promote these cycles and take advantage of their own purchasing power during the downturns. Corporate owners -- or maybe more so the board members -- seem to consist of a narrowed group of profiteers who run the corporation for their narrow interests rather than the interests of the stockholders. So we are not in a fair system. Plus, the government is corrupted by the politicians' and government workers who are sponsored by the corporations. There is no clear way out of this unless the masses can act in unity.