General Motors Holden (GMH) is the latest foreign monopoly to receive millions of dollars of the people’s taxes, just to make sure it continues to exploit Australian workers.
What a shameful scandal!
This is one of the richest and most powerful companies in the world. Only a year or two ago the parent company, General Motors, received a massive bailout from the US
So much for pulling up by the bootstraps! So much for competition and ‘free enterprise’!
Desperate to maintain and increase their rate of profit in the swirling economic and financial crisis, a crisis created by imperialist overproduction and speculation anyway, corporate monopolies like GMH announce cut-backs and closures in a few places, and then use this to threaten and bully governments into granting more generous concessions.
Not so long ago, the Toyota bosses in Japan did the same, threatening to pull out of Australia. They too, got a leg-up from federal and state governments. This pattern has been going on for decades.
When times are tough, the workers face lay-offs, short hours, the rapid deterioration of working conditions, plus the loss of union rights. The car company bosses never want to share the profits made in the good times, but are happy to pass on the losses made in tough times.
Our subservient governments cannot conceive a future without multinational domination of our vehicle industries, without the savage and constant exploitation of Australian workers by foreign monopolies and financial interests.
But, there is another future.
GMH and Toyota should be nationalised and their production re-tooled to produce safe, reliable electric cars and decent public transport. This would meet the real needs of the people and the country.
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