Welcome to the global economy of the future: state planned capitalism, or as it was called in Germany in 1933, “National Socialism”.
“It is now common practice to smash up wages and workers’ rights by initiating bankruptcy proceedings. The best known case is the American auto giant General Motors, which laid off 30,000 workers, slashed wages in half for new-hires, and cut retiree benefits. If the German government gets its way, this procedure will be applied to entire countries.
According to a report in the news magazine Der Spiegel, the chancellery in Berlin has drawn up a six-point plan for far-reaching “structural reforms” in Greece and other highly indebted European Union countries. The plan includes the sale of state enterprises, the gutting of employment protection rights, the promotion of a low-wage labor sector, the removal of constraints on businesses, and the establishment of special economic zones and privatization agencies modeled on the German Treuhand.
German government spokesman Steffen Seibert has not confirmed the plan, but neither has he denied it. According to Der Spiegel, it will form the basis for negotiations at the European Union’s so-called “growth summit” in late June. Der Spiegel writes that Chancellor Angela Merkel will seize on the call for a growth policy by newly elected French President Francois Hollande, “applying the principle of judo fighters: employing the momentum of the opponent to mount one’s own attack.”
If Merkel gets her way, “growth” will be achieved entirely through the intensified exploitation of workers and not through any plan for economic revival or increased social expenditures. She assumes Hollande will be open to these proposals since the EU summit will take place after the June 17 French parliamentary elections and the new French president will no longer be constrained by voters’ opinions or his own campaign promises.
The German government is striving to impose levels of exploitation similar to those currently existing only in Eastern Europe and Asian cheap-labor havens such as China and Vietnam. Special economic zones have played a crucial role in the emergence of China as the world’s biggest sweatshop. These zones free companies from paying taxes or adhering to environmental regulations and labor standards, reducing workers to the status of impoverished industrial slaves”.
Read more at: http://globalresearch.ca/index.php?context=va&aid=31149