The increasingly parasitical nature of capitalism today is reflected today in a number of ways. One is the artificial nature of share ‘values’ and how workers’ jobs, pay and conitions are affected by this. Below is a piece dealing with the latest round of massive layoffs by GM in the United States and how these layoffs reflect the increasingly parasitical forms of capital/ism today. It is the editorial from the latest set of fortnightly workplace bulletins produced by The Spark, a US Marxist workers’ current.
General Motors is closing down five plants and laying off 14,500 workers.
That announcement – shocking because it comes in the midst of so-called “good times” – was justified by one lie after another.