The Dow Jones drops 318 and experiences the worst day since June. The Stock Market is down and people are asking why. It is very simple; you just have to go to the very bottom of the capitalist system, which is the wage slaves, who are the consumers in a capitalist consumer system. So the answer is obviously wage inequality. The greed of the oligarchies has caused the Stock Market to fall and it will continue to fall until the greedy loosen their pocket strings.
China’s manufacturing has dropped, and as a result the country now uses less oil, iron, coal, which puts wage slaves out of jobs and creates a ripple effect upon other countries, such as those in Europe. These countries are also seeing a drop in consumerism. It all goes back to disposable income in the pockets of the “have nots,” who actually spend the money. U.S. workers should be making $15 to $16 an hour, which would be a huge money infusion into our capitalist consumer system.
However, with no money to spend we end up with an oversupply of goods, which is the death toll of a capitalist consumer system. The U.S. economy can make or break the consumer system of the world. If our wage slaves are spending, the Stock Market does well here as does the rest of the world. Otherwise, we see what happens when the rich horde money, a drop in the Dow. The oligarchies must lessen the inequality gap between the 1 percent and the 99 percent if they want to keep a democracy and a capitalist system.
An hourly wage of $15 to $16 would do the job.
The survival of American democracy requires the existence of a flourishing union work force. In a survey, 68 percent of Americans approve of labor unions. So, as an old sheet metal organizer, I say we need to go all out in organizing while the soldering iron is hot, to use a sheet metal workers tool. We should organize all workers no matter where or what kind of work they do. All workers have the right to belong to a union and all should support each other. If you, in your work place, do not know how to form a union, then do what Napoleon’s military adopted adage, ‘Jump into the battle and then figure it out.’ One of the best ways to organize is worker to worker and plan it out over a meal or coffee and talk to other union workers to see what would work best for you and also what unions are winning at this time. Just go for it. When things are in disarray, like the shit show in Washington, D.C., they might not even know what you are doing until it is too late for them to push back aga...
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