Workers.org

Support
anti-war,
anti-racist
news

:: Donate now ::


Email this articleEmail this article 

Print this pagePrintable page


Email the editor

 

A workers' world is possible

Why WEF billionaires won't be welcome in New York

By Leslie Feinberg
New York City

A battalion of billionaire brigands is set to roll into this city in sleek, long, chauffeured limousines for the annual World Economic Forum. And already the political climate is charged with electricity: Activists are coming from far and wide to confront this criminal class.

How dare these bankers and barons converge on this metropolis, whose populace is still reeling from the grief of Sept. 11 and reverberating from the economic recession? Will the arrival of these magnates mean fewer people living on the sidewalks? A proliferation of good-paying jobs? Health care within reach?

Listen for the clink of crystal champagne flutes at this black-tie business gathering inside the swank Waldorf-Astoria. They will toast the gifts of massive tax cuts and corporate welfare from their cronies in the White House and Congress, the lucrative profits to be made from the Pentagon war-without-end in the Middle East and Central Asia, the penetration of their finance capital into every nook and cranny of the world's economy they've been able to crack.

Not many of those who do the work of the world or the poor of the planet would raise a glass to this perspective. As a result, for the last 30 years the rich and powerful had to trek to a remote mountaintop in the Swiss Alps to hold their unpopular dialogue with each other and their political and academic followers. But their retreat to Davos could not stop protesters from scaling the peak by hook or by crook every year to voice defiant dissent.

So this year the tycoons are holding their summit on an island. They are expressing solidarity with Wall Street, the capital of capital, after the Sept. 11 attacks. And they hope the specter of protest that haunted them on the slopes of the Alps will be scattered and driven out.

But the forces they most fear--those who have the least to lose and the most to gain from overturning this cruelly unjust economic system--are already securing the transportation, housing, food and permits they need to gather like a tempest in front of the Waldorf-Astoria on Feb. 2.

Who will protesters "meet and greet" there? The hundreds of very rich men, and handful of well-heeled women, who schmooze at this annual capitalist think tank are not the celebrity glitterati that turn up on "Lifestyles of the Rich and Famous." Software mogul Bill Gates aside, their surnames don't ring a bell. But they hold dominion over industries and banks whose names are as recognizable as a one-dollar bill.

American Airlines, Boeing, Coca-Cola, Deutsche Bank, Goldman Sachs, IBM, Lehman Brothers, Mastercard International, Merck, Merrill Lynch, Microsoft, PricewaterhouseCoopers, Morgan Stanley, Nestle, New York Stock Exchange, PepsiCo, Pfizer, Reuters, Sara Lee, Siemens, Uni lever, Volkswagen and others from the "Who's Who of the Fortune 500."

Is it hyperbolic to characterize the owners of these big-business behemoths as a criminal class? Read on.

Mug shots of corporate criminals

Coca-Cola isn't hated just for marketing liquid candy to little fans of Harry Potter. It's despised as a virtual emblem of Yankee imperialism. Last year the United Steelworkers sued the soft-drink giant for reportedly hiring paramilitary death squads to terrorize workers at its Colombian bottling plant. Unionists also charge the company buys from suppliers that exploit child labor in Brazil. Coke was targeted for boycott because of its widespread investments in apartheid South Africa.

Coca-Cola had to fork over $192.5 million in 2001 to settle a federal lawsuit charging racist discrimination filed by its African American employees. And Florida farm workers organizing for better wages and working conditions have battled the anti-union goliath for years.

But nobody doesn't like Sara Lee, right? Actually, the pound cake and underwear conglomerate made the Multinational Monitor's "Top 10 Worst Corporations of 2001" list. Deadly bacteria in its Ball Park Franks and other meats killed at least 21 consumers and seriously injured 100 last July. Feel relieved that the courts took care of the matter? Sara Lee CEOs got away with two misdemeanor convictions and a $200,000 fine.

Sara Lee was also forced to recall millions of pounds of meat in December 1998--one month after the company chose to stop testing for long-present microorganisms. But Sara Lee had friends in high places. It had a big Department of Defense contract. In an astonishing joint press release, federal prosecutors and Sara Lee execs announced a plea agreement that made no mention of Ball Park Franks.

British Petroleum--where to start? In one year--2000--BP Amoco had to pay criminal fines or civil penalties for failing to report illegal dumping of hazardous waste on Alaska's North Slope, underpaying royalties for oil produced on Native lands and violating the Clean Air Act. The year before, the company reportedly spent more on its eco-friendly logo than on renewable energy. But after a salvo of lobbying in Congress to wrench open the Arctic National Wildlife Refuge to offshore oil drilling, BP executives must be relieved to have a sympathetic ear in the Oval Office.

Last March, Unilever bosses in southern India were exposed for dumping tons of poisonous mercury waste in open or torn sacks in the densely populated tourist resort of Kodaikanal and the surrounding protected nature reserve of Pambar Shola. (Greenpeace, March 7) When management tried to ignore demands to inspect their health records and attempted to relocate, workers occupied the thermometer factory for three days.

Feel nostalgic about hot Nestle's cocoa? Protests by landless peasants and small farmers flooded dozens of cities in Brazil and around the world last April on the International Day of Farmers' Struggle. Nestle was a target of their rage. The company pays just 15 cents on the dollar for every liter of milk produced in South America, compared to 48 cents per liter to European farmers. Yet prices are almost the same on supermarket shelves everywhere.

Boeing deals in pork--the kind that comes in congressional barrels. With an open-ended Pentagon war in full swing, Congress wants to discreetly hand the company two unprecedented military contracts that amount to a $10-billion bailout. One allows the Pentagon to purchase 60 C-17 cargo aircraft without any financial oversight. The other permits the company to sell the brass at least 100 Boeing 767 tankers at nearly $7 billion more than if the aircraft were bought outright. (Counter Punch, Nov. 26)

Appealing to Pentagon state capitalism, Boeing executives argued to key congressional figures that the deal would help the hard-hit airline industry soar by "creating a multibillion military market for the company's popular civilian aircraft."

Flight attendants and pilots from United and American Airlines lost their lives on Sept. 11. But afterwards, bosses at both United and American slashed 20,000 jobs, received a government bailout of $807 million, and claimed over $1 billion in "business interruption" insurance. Not one penny was reported spent to save jobs or help victims' families.

Merck was one of the more than three dozen pharmaceuticals that sued the South African government to try to bar it from importing or producing generic versions of drugs to treat AIDS, all to keep profits elevated.

Deutsche Bank, Siemens and Volkswagen wrung mega-profits from the sweat and blood of slave labor during the Nazi era.

Today Boeing, Microsoft and IBM are just three of the Fortune 500 that use prison labor to out-sell their competition. In addition, Goldman Sachs & Co. and Merrill Lynch are among the Wall Street firms investing billions in the thriving prison-industrial complex. Prisoners--disproportionately people of color--are paid far less than minimum wage. So the rip-off of their labor hikes profits, boosts stock prices and drives down the wages of all workers.

Workers are right to be furious about this super-exploitation of prisoners. And it's not a new problem. The 1891 Coal Creek Rebellion demonstrated a bold solution to the prison "lease" system. When the Tennessee Coal, Iron & Railroad Co. locked out its union workers and replaced them with prisoners, the union miners broke their brothers' shackles and freed them.

Today, as so many transnational corporations squeeze profits from low-paid workers and peasants around the world, that's the spirit of solidarity that could turn the tide.

Is there a way out?

The young anti-globalization movement that rose up in Seattle against Robo-cop repression has challenged some of the most grave offenses committed by colossus banks and transnational corporations against the people and the planet.

But ultimately, is there hope for a genuine economic solution?

Some call for action against companies that "exploit their workers." But what company doesn't? Exploitation is the wellspring of profit. Profit is the difference between the money paid in wages and the value workers produce. Capital lives off this unpaid labor.

Socially responsible capitalism is an oxymoron. Bosses are compelled to speed up assembly lines, evict communities, poison the air and water, defoliate the land and wage warfare in their neck-and-neck rivalry for super-profits. That's what free enterprise, free trade and the free market are all about: cut-throat competition on a world scale for the wealth that labor creates. If any individuals are unwilling to harden their hearts, they are gobbled up like so much Ben & Jerry ice cream by the competition.

Flip the channels and you hear political pundits explain the current world crisis as a conflict among countries, or between the underdeveloped countries and the West.

But it's a worldwide battle between two major economic classes. Imperialism is a social relationship. It's the worldwide exploitation of one class by another. It's the monopoly of one class over another.

In the modern era the banks and industry have merged to become giant marauding global conglomerates. These are the class forces behind the IMF, the World Bank and the WEF think tank.

Shopkeepers and small-scale entrepreneurs in particular may hope that anti-trust legislation will break up the logjam of the monopolies and stimulate laissez-faire competition. But that's as realistic as breaking up the Challenger space shuttle into hang gliders. Anti-trust laws and regulations have not stunted the growth of monopolies or defused their power.

The tendency towards monopoly in the capitalist economic system is hardwired because it leads to economies of scale and greater social weight. Competition becomes transformed into monopoly. Bigger companies get credit more easily and at a lower rate. So competition and credit become the centrifugal force of centralization.

A capitalist owner will steamroll over anyone or anything to secure the market in which the rate of profit is highest. The race to turn a bigger buck drives them to invest in new technology rather than labor. But even as the new equipment produces more goods, fewer workers are needed to run it. And only human labor creates new wealth. So the rate of profit slides, creating an obstacle to investment.

Burgeoning production bumps up against the ceiling of consumption. As more and more products are spewed out, prices drop and not all can be sold at a profit. All of this leads to the surreal catastrophe of an abundance that spreads pink slips, hunger, homelessness and misery around the globe.

Globalize revolution!

The profit motive is a millstone dragging down human progress. Monopoly capitalism has made the rate of exploitation unbearable. It distorts technology and science, bending them to the interests of its bottom line. Humanity's ability to meet its human needs and desires has never been greater, yet the yawning chasm between wealth and poverty has never been wider.

The root of the problem is not the cartels; it's a crisis of ownership. Working people produce the vast wealth of society, but they are not the owners of all they produce. This treasure created by collective human labor is claimed by an ever-narrowing few, as though it was personal wealth.

This maturing contradiction between socialized production and private ownership of the means of production expresses itself as the fierce conflict between the two major contending class forces in modern society. And this class struggle is the driving force of human development

But the imperialist owning class--particularly U.S. finance capital--has bought domestic class peace with economic globalization and warfare. It got a new lease on life, after the collapse of the Soviet Union, by expanding into the former workers' state and into technologically underdeveloped countries that had been protected to a degree by existence of the socialist camp.

But the Pentagon war against Afghan istan is not staving off economic crisis or reviving production. The underlying laws of their own economy are catching up with the capitalists. And this deepening crisis has the potential to reawaken the class struggle here in the citadel of U.S. imperialism.

The creation of monopolies has brought the world's working class into a new era of cooperation. It has created the productive platform for a new stage of human history. Monopolization has ironed out some of the chaos of laissez-faire competition. The scientific-technological revolution could be employed to wipe out poverty and raise the living standards of all.

The working class, which built the mighty tools of production, banking and commerce but does not own or control them, would of course like the transfer from monopoly capitalism to be peaceful. But no wealthy ruling class in history has ever stepped down based on appeals to reason or election tallies. This one resists even the mildest social reforms with bared fangs.

Nor can a socialist system gradually grow up within capitalism, as capitalism did within feudalism. A socialist system requires overall planning of production and distribution to meet the wants of every member of society--something the imperialist powers constantly try to sabotage, from Korea to Cuba.

The revolutionary task before the globalized workforce and oppressed peoples of the world is formidable. But awake and roused, the billions can topple the billionaires.

The leaders of the ruthless class that stands in the way of the next stage in human history are coming to Manhattan to plot their plunder. Be there!

For more information about the protests see www.InternationalANSWER.org.

Reprinted from the Jan. 24, 2002, issue of Workers World newspaper

This article is copyright under a Creative Commons License.
Workers World, 55 W. 17 St., NY, NY 10011
Email: ww@workers.org
Subscribe wwnews-subscribe@workersworld.net
Support independent news http://www.workers.org/orders/donate.php)

HOME :: U.S. NEWS :: WORLD NEWS :: EDITORIALS :: SUBSCRIBE :: DONATE