You do not grow or sustain a market by cutting jobs. European countries have been outsourcing jobs since the advent of the Economic Union. One of my brother-in laws, in Germany, lost his job when his company went to Poland. It was rather poetic justice that the company went bankrupt, but that didn't help him. The current strike against Lufthansa is mainly about outsourcing jobs. The current labor unrest in Europe is related to job security.
The irony of this situation is that these outsourced jobs supported the markets of these countries, and it is a fact that each and every one of these countries will have no market and a destroyed economy. Greece may be the first one, but--talk about falling dominoes--the rest will follow. The neoliberal preoccupation with wage slavery in the guise of productivity will destroy their own wealth.
Pervis James Casey
Feb 23 2010 - 4:02pm