Tuesday, February 9, 2010

Arms to Taiwan: not a decision workers would make

The decision by the US government to sell $4 billion worth of Blackhawk helicopters to Taiwan is yet another example of the extreme waste that pervades the capitalist system.   The attack helicopters and anti-missile systems are nowhere near what would be required to repel an invasion by the mighty Chinese mainland to Taiwan's north if the threatened Taiwan; they arms are  worthless in that sense. It is merely posturing.

These decisions are made by the same people who are cutting jobs and services at home. The beneficiaries will be that section of the capitalist class most heavily invested in the arms industry.  For them it's a good day for sales and a boost to profits.  For working people it means fewer schools, worse public transit and on and on. Coupled with this, arms expenditure puts upward pressure on inflation.  For us it is a poor investment.  The other side of it is that it has seriously antagonized the Chinese for obvious reasons.

The existence of permanent tension and insecurity is the mainstay of capitalism.

The economy needs new managers.

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