mountains of cash, country awash with cash.

US capitalism is rotten to the core. It is vicious against the working class. Look at a few facts. The recent recession started in December 2007. From the fourth quarter of 2007 to the fourth quarter of 2009 real aggregate output in the US as measured by the gross domestic product fell by about 2.5%. But the bosses cut workers jobs by 6%. And those they did not fire they cut their wages. The result? At the end of the fourth quarter of 2008 corporate profits began to take off. By the first quarter of 2010 they have reached rhe astronomical figure of $572 billion. Over the same period wage and salary payments went down by $122 billion. We on this blog have argued that we are in a period which can be characterized as an offensive of capitalism against the working class. This is what we are seeing here in these figures for profits and wages. The New York Times July 31st writes: "Now the corporations are sitting on mountains of cash and they still are not interested in hiring to any significant degree, or strengthening workers' paychecks." The New York Times goes on: This period of economic recovery has seen the most lopsided gains in corporate profits relative to real wages and salaries in our history." Even sections of the capitalists themselves such as the new York Times are getting worried the greed of the bosses is going too far.

The bosses tell workers there is no money to maintain or increase their wages, to maintain the present job level, to maintain the present level of services. But these statistics show this is not true. As some of their own major voices says above the corporations are sitting on mountains of cash, the country is awash with cash. And this is not to mention the billions that are being squandered in the wars abroad and tax cuts for the rich. The money is there to increase the living stands of all working class Americans. The problem is this. The union leaders have accepted the view that it is up to the bosses to decide who gets what. They will not turn a word in their mouthes. Not only will they not fight the bosses for this mountain of cash but they actually take it on themselves to push the bosses lies on the workers. Like the bosses they also tell their members there is no money and they have to accept wage cuts and job cuts. But this is not true as I quote above from sources of their own the corporations are sitting on mountains of cash or as the Wall Street Journal put it the country is awash with cash. The problem is the union leaders will not organize the movement to fight for it.

These union leaders are totally subservient to capitalism and the bosses. They have forfeited the right to rule. they must be replaced by a fighting movement from below. This is our task: to begin to build opposition caucuses in the union movement which can provide an alternative to capitalism and the rotten system.

Sean